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1 RESOLUTION 05-18327 A RESOLUTION MAKING THE ANNUAL MILL LEVY AND MILL LEVIES FOR PUBLIC SAFETY (NOVEMBER 2004 VOTER APPROVED) AND GENERAL OBLIGATION DEBT FOR PARKS AND STREET DEBT SERVICE FOR FISCAL YEAR 2005-2006. WHEREAS, pursuant to law, the City of Billings is required to make annual mill levies. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BILLINGS, MONTANA: 1. That a Public Safety Mill Levy, which voters approved in November of 2004 in the amount of $2.6 million (19.64 mills), is hereby imposed on all taxable property within the City of Billings, Montana, for the Fiscal Year July 1, 2005 through June 30, 2006. 2. That additional Mill Levies in the amounts stated are hereby imposed on all taxable property within the City of Billings, Montana, to provide payment for the following: A. 1.18 mills-General Obligation Debt Service Parks B. 2.99 mills-General Obligation Debt Service Streets 3. That when said taxes are collected, the same shall be placed in respective funds for the City and expended pursuant to the annual budget. 4. The City Clerk is hereby directed upon final passage and approval of this Resolution to certify a copy thereof to the City Administrator of the City of Billings, Montana, who shall certify a copy to the Yellowstone County Treasurer and a copy to the Yellowstone County Assessor. 5. This Resolution shall be effective upon adoption. ADOPTED and APPROVED by the City Council on the 22nd day of August, 2005 CITY OF BILLINGS: BY: Charles F. Tooley, MAYOR ---PAGE BREAK--- 2 ATTEST: BY: Marita Herold, CMC/AAE CITY CLERK