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1 RESOLUTION NO. 05-18363 A RESOLUTION RELEVYING AND REASSESSING A SPECIAL ASSESSMENT TAX UPON BENEFITED PROPERTY IN A SPECIAL IMPROVEMENT DISTRICT OR PROJECT KNOWN AS 1340, IN THE CITY OF BILLINGS, MONTANA. WHEREAS, the City created a special improvement district or project known as 1340 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 1340 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 A26131 4655 $17,369.57 4.302 10 MATZ PROPERTIES LLC LT 1 BLK 1 CENEX PARK SUBD A26132 4656 $15,577.06 4.302 10 SUTTON, HAROLD L JR & MARY SUSAN LT 2 BLK 1 CENEX PARK SUB A26133 4657 $13,888.18 4.302 10 D&M PROPERTY MANAGEMENT LLP LT 3A BLK 1 CENEX PARK AMD LTS 3&4 BLK 1 & LTS 1-3 BLK 3 A26134 4658 $19,105.13 4.302 10 D&M PROPERTY MANAGEMENT LLP LT 4-A BLK 1 CENEX PARK AMD LTS 3&4 BLK1 & LTS 1-3 BLK 3 A26135 4659 $17,322.23 4.302 10 RYAN, S C & BARBARA M ---PAGE BREAK--- 2 LT 5 BLK 1 CENEX PARK SUBD A26136 4660 $19,875.95 4.302 10 SIBAR LLC LT 6 BLK 1 CENEX PARK SUBD A26137A 4661 $1,180.94 4.302 10 MADISON LLC THE SUITE A LOLO BUILDING (04) UNDIV 16% INT COMMON ELEMENTS A26137B 4662 $2,884.83 4.302 10 LORD, JOHN W & GINGER M SUITE B LOLO BUILDING (04) UNDIV 39% INT COMMON ELEMENTS A26137C 4663 $668.65 4.302 10 MCCORMICK, WILLIAM J & VICKIE R SUITE C LOLO BUILDING (04) UNDIV 9% INT COMMON ELEMENTS A26137D 4664 $668.65 4.302 10 SCHMITZ, REBECCA H SUITE D LOLO BUILDING (04) UNDIV 9% INT COMMON ELEMENTS A26137E 4665 $1,998.64 4.302 10 DAN LOWE CONSTRUCTION INC SUITES E & F LOLO BUILDING (04) UNDIV 27% INT COMMON ELEMENTS A26139 4666 $7,401.74 4.302 10 MCGOVERN, BRIAN C LT 3 BLK 2 CENEX PARK SUBD A26140 4667 $7,401.74 4.302 10 SUTTON PROPERTIES OF MONTANA LLP LT 4 BLK 2 CENEX PARK SUB A26141 4668 $7,401.74 4.302 10 SLAYTON, RONALD S & BECKY M LT 5 BLK 2 CENEX PARK SUBD A26142 4669 $7,401.74 4.302 10 BURTELL, DANIEL & ELAINE J LT 6 BLK 2 CENEX PARK SUBD A26143 4670 $7,401.74 4.302 10 BURTELL, DANIEL & ELAINE J LT 7 BLK 2 CENEX PARK SUBD A26144 4671 $7,401.74 4.302 10 SUTTON PROPERTIES OF MONTANA LLP LT 8 BLK 2 CENEX PARK SUB A26145 4672 $7,401.74 4.302 10 SUTTON PROPERTIES OF MONTANA LLP LT 9 BLK 2 CENEX PARK SUB A26146 4673 $7,401.74 4.302 10 SUTTON PROPERTIES OF MONTANA LLP LT 10 BLK 2 CENEX PARK SUB ---PAGE BREAK--- 3 A26153 4674 $6,409.96 4.302 10 MCRAE, SCOTT C & AUDREY L LT 7 BLK 3 CENEX PARK SUBD A26155 4675 $15,668.97 4.302 10 PRATSCH, ROBERT M LT 9A AMND LT 8-10 BLK 3 CENEX PARK SUBD A26156 4676 $7,319.70 4.302 10 PRATSCH, ROBERT LT 10A AMND LT 8-10 BLK 3 CENEX PARK SUB A26157 4677 $7,529.14 4.302 10 SLAYTON, RONALD S & BECKY M LT 1 BLK 4 CENEX PARK SUBD A26158 4678 $7,531.97 4.302 10 HANSEN, ROBERT LT 2 BLK 4 CENEX PARK SUBD A26159 4679 $9,153.25 4.302 10 WITT, KEVIN LT 3 BLK 4 CENEX PARK SUBD A26161 4680 $30,539.86 4.302 10 E & V PROPERTIES, LLP LT 1 BLK 5 CENEX PARK SUBD A26162 4681 $15,586.93 4.302 10 VEEDER, LINNEA J LT 2 BLK 5 CENEX PARK SUBD A26163 4682 $14,332.17 4.302 10 VEEDER, LINNEA J LT 3 BLK 5 CENEX PARK SUBD A26164 4683 $15,124.49 4.302 10 API SUPPLY COMPANY LT 4 BLK 5 CENEX PARK SUBD A26165 4684 $14,877.81 4.302 10 API SUPPLY COMPANY LT 5 BLK 5 CENEX PARK SUBD A26166 4685 $29,992.97 4.302 10 NORTH MONTANA AVE PARTNERSHIP LT 6A-7A AMND BLK 5 CENEX PARK SUBD (OLD A26167) (2000) A26168 4686 $48,652.64 4.302 10 CARROLL BROS LLC LT 8 BLK 5 CENEX PARK SUBD A26169 4687 $13,617.37 4.302 10 WHITMORE, DENNIS L LT 9A AMND BLK 5 CENEX PARK SUBD (OLD A26169) (2000) ---PAGE BREAK--- 4 A26170 4688 $19,139.44 4.302 10 SUTTON PROPERTIES OF MONTANA LLP LT 10 BLK 5 CENEX PARK SUBD A26170A 4689 $618.35 4.302 10 CENEX LAND O'LAKES AGRONOMY COMPANY L:11 B:5 CENEX PARK SUB 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