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RESOLUTION NO. 08-1 8775 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BILLINGS. MONTANA, APPROVING TAX BENEFITS FOR DALCO INDUSTRIES, DBA TETON STEEL WHEREAS, Resolution 05-18376 provides for granting tax incentives for new or expanding industries pursuant to Section 15-24-1.401, M.C.A. and establishes a procedure for applying for said tax incentives; and WHEREAS, Dalco Industries, DBA Teton Steei, has applied for said tax incentives for the property described herein; and WHEREAS, The City Council of the City of Billings, Montana held a public hearing and duly considered the appiication of Teton Steel and has determined that said application meets all qualifications for the tax incentive and should be approved NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BILLINGS, MONTANA AS FOLLOWS: That the application for tax benefits made by Dalco Industries, DBA Teton Steel, dated February 15,2007 is APPROVED. The tax benefits approved are those provided in Resolution 05-18376. The property receiving the tax benefits is described as follows: Tax Code #C11009. Lot 3. Block 5 Tierra Yellowstone Industrial Subdivision PASSED AND APPROVED by the City Council this 8'h day of December, 2008. CITY OF BILLINGS ATTEST: Cari Martin, City Clerk By: Tussing, Mayor