Full Text
1 RESOLUTION NO. 05-18360 A RESOLUTION RELEVYING AND REASSESSING A SPECIAL ASSESSMENT TAX UPON BENEFITED PROPERTY IN A SPECIAL IMPROVEMENT DISTRICT OR PROJECT KNOWN AS 1332, IN THE CITY OF BILLINGS, MONTANA. WHEREAS, the City created a special improvement district or project known as 1332 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 City has taken advantage of the low interest rates, and did a refunding on your Special Improvement District. The principal amount of your assessment remains the same, but it is now calculated at a lower interest rate; 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 1332 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 Loan # Assessment Interest Years /Owner Name Amount Rate Assessed /Legal Description A26424 4833 $18,233.56 4.302 7 SOCO DEVELOPMENT & LT 1A AMND BLK L CIRCLE FIFTY SUBD (97) A26425 4834 $31,551.79 4.302 7 ASK, PAMELA LT 2A AMND BLK 1 CIRCLE FIFTY SUBD (97) A26427 4835 $10,914.12 4.302 7 ROTH PARTNERSHIP LLC LT 4 BLK 1 CIRCLE FIFTY SUBD A26428 5488 $21,828.24 4.302 7 SHILOH INVESTMENTS LLC LT 5 & 6 BLK 1 CIRCLE FIFTY SUBD COMBINED W/A26429 (05) A26432 4838 $10,914.12 4.302 7 VULETICH, MARK & CATHERINE S LT 3 BLK 2 CIRCLE FIFTY SUBD ---PAGE BREAK--- 2 A26433 4839 $10,914.12 4.302 7 VULETICH, MARK & CATHERINE S LT 4 BLK 2 CIRCLE FIFTY SUBD A26434 4840 $29,682.05 4.302 7 DLS, INC LT 5 & 6A BLK 2 CIRCLE FIFTY SUBD 85,564 SQ FT COMBO W/A26435 (05 A26458 4841 $12,684.12 4.302 7 RJB INC LT 17-18 BLK 3 CIRCLE FIFTY SUBD (OLD A26457) (2000) A26473 4842 $10,100.86 4.302 7 POTTENGER, JIMMIE R & DONNIE M LT 1 BLK 5 CIRCLE FIFTY SUBD A26474 4843 $10,101.34 4.302 7 HARDT, RAYMOND & 50% LT 2 BLK 5 CIRCLE FIFTY SUBD A26475J 5768 $6,666.52 4.302 7 SHILOH NORTH DEVELOPMENT LLC BLDG B UNIT J SHILOH NORTH CONDOMINIUMS 11% INTEREST IN COMMON ELEMENTS A26481 4846 $10,100.86 4.302 7 BROWN, KEN LT 9 BLK 5 CIRCLE FIFTY SUBD 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, October 11, 2005, 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. ---PAGE BREAK--- 3 PASSED AND APPROVED this 11th day of October, 2005. CITY OF BILLLINGS: Charles F. Tooley, Mayor ATTEST: Marita Herold, CMC/AAE City Clerk