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RESOLUTION 08-18713 A RESOLUTION TO CLOSE THE SPECIAL IMPROVEMENT DISTRICT DEBT FTINDS AND SIDEWALK SPECIAL ASSESSMENT DEBT FI.INDS TO THE SPECIAL IMPROVEMENT DISTRICT REVOLVING PURSUANT TO M.C,A. 1.12-4222. WHEREAS, the Special Improvement District Bond Debt Obligation and the Sidewalk Special Assessment Debt Obligation has been paid in full and excess/defìcit balances remain, and WHEREAS, state law requires that Special Improvement/Sidewalk Debt Funds be closed to the SID Revolving Fund and the City Council has the authority to close these funds after all debt has been satisfied. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COLINCIL OF THE CITY OF BILLINGS, MONTANA: That the Special Improvement/Sidewalk Funds be closed to the SID Revolving Fuid effective June 9, 2008. PASSED Council, this 9'l' day of June 2008 THE CITY OF BILLINGS: City Clerk ATTEST: