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1 RESOLUTION NO. 05-18361 A RESOLUTION RELEVYING AND REASSESSING A SPECIAL ASSESSMENT TAX UPON BENEFITED PROPERTY IN A SPECIAL IMPROVEMENT DISTRICT OR PROJECT KNOWN AS 1334, IN THE CITY OF BILLINGS, MONTANA. WHEREAS, the City created a special improvement district or project known as 1334 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 1334 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 A00762 4752 $5,190.25 4.302 7 BROWN, BENJAMIN L L:1,2 & 3 B:107 BILLINGS ORIGINAL TOWN A00763 4753 $1,513.90 4.302 7 FIRST NATIONAL PROPERTIES LLC A00765 4791 $3,131.28 4.302 7 MIGNONE, FRANCIS J & SHANNON L LT 6A BLK 107 BILLINGS ORIGINAL TOWN LTS 5-9 AMND (2001) A00770 4755 $3,381.39 4.302 7 HOSPITALITY CONCEPTS LLC L:12 B:107 BILLINGS ORIGINAL TOWN A00777 4756 $2,757.22 4.302 7 CITY OF BILLINGS ---PAGE BREAK--- 2 LTS 1-2 A00778 4757 $5,153.27 4.302 7 CITY OF BILLINGS LTS 3-6 A00781 4758 $3,676.34 4.302 7 NELSON, BERT A & ANDREW W 2/3 OF L:8 ALL L:9-10 B:108 BILLINGS A00782 4759 $3,407.47 4.302 7 DIAMOND PARKING INC (#0927) LTS 11 AND 12 A00789 4760 $6,273.37 4.302 7 TG & F PROPERTIES INC LTS:1-4 B:109 BILLINGS (OLD A00790) (97) A00791 4761 $1,599.89 4.302 7 LUND, RONALD M L: 5 B: 109 ORIGINAL TOWN A00792 4762 $2,859.04 4.302 7 EMPIRE BAR INC A00794 4763 $6,893.16 4.302 7 YELLOWSTONE HOTEL GROUP LLC LTS 8,9,10,11,12 BLK 109 BILLINGSTOWN A00804 4764 $8,249.01 4.302 7 NATIONWIDE HOSPITALITY LTD W15' OF L:7, ALL LTS:8-18 B:110 OT BLGS & ALL VAC ALY ADJ TO L:13 A00806 4765 $2,757.22 4.302 7 COMPUTER UNLIMITED LOTS 1 & 2 BLK 111 BILLINGS ORIGINAL A00807 4766 $1,378.62 4.302 7 PETERSON, VICKI V B A00809 4767 $1,378.62 4.302 7 DALY, SHERRY L:5 B:111 BILLINGS ORIGINAL TOWN A00810 4768 $7,082.83 4.302 7 COMPUTERS UNLIMITED L:6-10 B:111 BILLINGS ORIGINAL TOWN A00811 4769 $3,122.74 4.302 7 MERYCO PARTNERSHIP, LLP LTS 11 AND 12 A00817 4770 $1,378.62 4.302 7 REX HOTEL PARTNERSHIP L:1 B:112 BILLINGS ORIGINAL TOWN & 40'X 130' (W2 N24TH ST) ---PAGE BREAK--- 3 A00819 4771 $1,378.62 4.302 7 COMPUTER PARTNERSHIP A00819A 4772 $1,378.62 4.302 7 COMPUTERS PARTNERSHIP A MT GENERAL LT 4 BLK 112 BILLINGS OT A00820 4773 $1,519.40 4.302 7 COMPUTERS PARTNERSHIP LT 5 BLK 112 BILLINGS OT A00823 4774 $1,630.23 4.302 7 COMPUTERS UNLIMITED A00824 4775 $2,757.22 4.302 7 SELVIG, CHARLOTTE TAYLOR LTS 9 AND 10 A00825 4776 $2,757.22 4.302 7 COMPUTERS UNLIMITED LTS 11 AND 12 A00832 4777 $3,111.36 4.302 7 BREWERY SQUARE ASSOCIATES L:1 & 2 B:113 BILLINGS ORIGINAL TOWN A00832A 4778 $3,642.48 4.302 7 BREWERY SQUARE ASSOCIATES LTS 3&4 BLK 113 BILLINGS ORIGINAL TOWN A00833 4779 $5,514.57 4.302 7 COMPUTERS UNLIMITED LTS 5,6,7,8 BLK 113 BILLINGS ORI TOWN A00834 4780 $5,514.57 4.302 7 PLAZA HOTEL PARTNERSHIP L:9-12 B:113 BILLINGS ORIGINAL TOWN A00837 4781 $12,500.67 4.302 7 SANNES FAMILY LIMITED PARTNERSHIP A00838 4782 $4,679.63 4.302 7 DEPOT ANTIQUE MALL LLP LT 10-12 BLK 114 OT BILLINGS E00043 4783 $11,453.24 4.302 7 NATIONWIDE HOSPITALITY LTD W15' OF L:7, ALL LTS:8-18 B:110 OT BLGS & ALL VAC ALY ADJ TO L:13 E00097 4785 $15,594.57 4.302 7 NATIONWIDE HOSPITALITY LTD W15' OF L:7, ALL LTS:8-18 B:110 OT BLGS & ALL VAC ALY ADJ TO L:13 ---PAGE BREAK--- 4 E00227 4786 $22,872.53 4.302 7 NATIONWIDE HOSPITALITY LTD W15' OF L:7, ALL LTS:8-18 B:110 OT BLGS & ALL VAC ALY ADJ TO L:13 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. PASSED AND APPROVED this 11th day of October, 2005. CITY OF BILLLINGS: Charles F. Tooley, Mayor ATTEST: Marita Herold, CMC/AAE City Clerk