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CERTIFICATE AS TO RESOLUTION AND ADOPTING VOTE I, the undersigned, being the duly qualified and acting recording officer of the City of Billings, Montana (the "City"), hereby certify that the attached resolution is a true copy of a Resolution entitled: "RESOLUTION RELATING TO $2,520,000 POOLED SPECIAL IMPROVEMENT DISTRICT BONDS, SERIES 2005 (SPECIAL IMPROVEMENT DISTRICT NOS. 1358, 1365, 1366, AND 1371); AWARDING THE SALE THEREOF AND APPROVING CERTAIN MATTERS WITH RESPECT THERETO" (the "Resolution"), on file in the original records of the City in my legal custody; that the Resolution was duly adopted by the City Council of the City at a regular meeting on July 11, 2005, and that the meeting was duly held by the City Council and was attended throughout by a quorum, pursuant to call and notice of such meeting given as required by law; and that the Resolution has not as of the date hereof been amended or repealed. I further certify that, upon vote being taken on the Resolution at said meeting, the following Council Members voted in favor thereof: unanimous ; voted against the same: none • abstained from voting thereon: none • or were absent: Toolev, Clark and Jones WITNESS my hand and seal officially this llth day of July, 2005. (SEAL) City Clerk itssecipas ---PAGE BREAK--- , • Charles F. Tooley ayor RESOLUTION 05-18308 RESOLUTION RELATING TO $2,520,000 POOLED SPECIAL IMPROVEMENT DISTRICT BONDS, SERIES 2005 (SPECIAL IMPROVEMENT DISTRICT NOS. 1358, 1365, 1366, AND 1371); AWARDING THE SALE THEREOF AND APPROVING CERTAIN MATTERS WITH RESPECT THERETO BE IT RESOLVED by the City Council (the "Council") of the City of Billings, Montana (the "City"), as follows: 1. This Council on June 13, 2005 adopted Resolution No. 05-18280 providing for the public sale of $2,520,000 Pooled Special Improvement District Bonds (the "Bonds") to finance the costs of certain local improvements to be undertaken in or for the benefit of Special Improvement District Nos. 1358, 1365, 1366, and 1371. Notice of the sale has been duly published in accordance with Montana Code Annotated, Sections 7-12-4204, 7-7-4252 and 17-5-106. Pursuant to the notice of sale, four bids for the purchase of the Bonds were received at or before the time specified for receipt of bids. The bids have been opened or accessed and publicly read and considered, and the purchase price, interest rates and net interest cost under the terms of each bid have been determined. 2. The bid of RBC Dain Rauscher Inc. of Chicago, Illinois (the "Purchaser"), to purchase the Bonds of the City, is hereby determined to comply with the notice of sale, and to be the lowest, most reasonable bid for the purchase of the Bonds. The bid of the Purchaser is hereby accepted by the Council and the sale of the Bonds is hereby awarded to the Purchaser. The bid security of the Purchaser shall be retained pending delivery of the payment for the Bonds and the bid security of all other bidders shall be returned. 3. The Mayor and City Clerk are hereby authorized and directed to execute a purchase contract with the Purchaser with respect to the Bonds. 4. The Preliminary Official Statement relating to the Bonds, dated June 29, 2005, is hereby approved. The officers of the City are hereby authorized and directed to execute such certificates as may be appropriate concerning the accuracy, completeness and sufficiency of the Official Statement. 5. This Council shall prescribe the form and security for the Bonds in a subsequent resolution. PASSED AND APPROVED by the City Council of the City of Billings, Montana, this 11th day of July, 2005. ov --set, • / 0 , A SEAL iz Doody Mayor In Ihe absence of the Maya ATTEST: arita Herold, CMC/AAE City Clerk .tattos*