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RESOLUTION NO. 06-18479 A RESOLUTION RELEVYING AND REASSESSING A SPECIAL ASSESSMENT TAX UPON BENEFITED PROPERTY IN A SPECIAL IMPROVEMENT DISTRICT OR PROJECT KNOWN AS 1365, IN THE CITY OF BILLINGS, MONTANA. WHEREAS, the City created a special improvement district or project known as 1365 and; WHEREAS, it is necessary to relevy and reassess a special assessment tax upon benefited property in the district or project area to defray the cost and expenses of said district/project. The original assessment was calculated on the bond sale cost. After construction was completed, the City adjusted the assessment by using the project cost; and NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Billings, Montana as follows: SECTION 1: RELEVY AND REASSESSMENT. That for the purpose of defraying the cost and expense of making improvements in a special improvement district or project known as 1365 of the City of Billings, Montana, there is hereby re- levied and reassessed upon each lot or parcel of land described below, owned by persons respectively indicated, a special assessment tax payable in semi-annual installments with interest. Each lot and parcel assessed and the owner thereof is hereinafter described: Tax Code /Owner Name /Legal Description Assessment Amount Interest Years Rate Assessed C08266 $12,975.04 4.429 14 FLETCHER, BRETT M & LT 21 BLK 63 LAKE HILLS SUBD 25TH FILING C08268 $12,975.04 4.429 14 LEE, SETH F LT 23 BLK 63 LAKE HILLS SUB 25TH C08270 . $12,975.04 4.429 14 BACA, NELLY & LUZ LT 25 BLK 63 LAKE HILLS SUBD 25TH FILING ---PAGE BREAK--- 2 SECTION 2: DISPOSITION OF COLLECTION. All monies collected from the assessment shall be paid into a special improvement district or project Fund. Assessments become delinquent based on the semi-annual due dates of the real property taxes, currently December 1 and June 1 of each year. SECTION 3: NOTICE AND HEARING. On Monday, September 11, 2006, at 6:30 p.m., or as soon thereafter as the matter was considered on the agenda of the City Council at a regular meeting held in the Council Chambers of the Police Facility, 220 N. 27th St., Billings, Montana, the City Council held a public hearing to hear comments and/or objections to the adoption of this resolution. The City Clerk published notice of the public hearing twice with at least six days separating each publication in a newspaper of general paid circulation with a periodicals mailing permit. The final publication was made at least 10 days prior to the public hearing per MCA 7-12-4177. SECTION 4: CERTIFICATION. The City Clerk is hereby directed upon approval of this resolution to certify a copy to the Finance Manager of the City of Billings, Montana, who shall certify a copy of this resolution to the Yellowstone County Clerk and Recorder and a copy to the Yellowstone County Assessment Office. SECTION 5: EFFECTIVE DATE. This resolution shall be effective immediately upon approval. APPROVED this 11th day of September, 2006. CITY OF BILLINGS: Ron Tussing, Mayor ATTEST: Marita Herold, CMC/AAE City Clerk