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CERTIFICATE AS TO RESOLUTiON AND ADOPTING VOTE I, the undersigned, being the duly quatified 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 $23O,OOO POOLED SPECIAL SIDEWALK, CURB, GUTTER AND ALLEY APPROACH BONDS, SERIES 2OO8; AUTHORIZING THE ISSUANCE AND CALLING FOR THE PUBLIC SALE THEREOF" (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 meeting on August 11, 2008, 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notice of such meeting given as required by law; and that the Resolution has not as of the date hereof been amended or repealed.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 fuither certify that, upon vote being taken on the Resolution at said meeting, the following Council Members voted in favor thereof: Ronquillo. Gaghen. Pitman. Stevens. Veis. Rueeamer. McCall. Ulledalen. Astle. and Clark ; voted against the same: none ; abstained from voting thereon: none ; or were absent: none WITNESS my hand and seal ofñcially this l ith day of August, 2008' (sEAL) Cari Martin, City Clerk ---PAGE BREAK--- ---PAGE BREAK--- RESOLUTION NO. 08- i 8741 RESOLUTION RELATINGTO $23O,OOO POOLED SPECIAL SIDEWALK, CURB, GUTTER AND ALLEY APPROACH BONDS, SERIES 2OO8; AUTHORIZING THE ISSUANCE AND CALLING FORTHE PUBLIC SALE THEREOF BE IT RESOLVED by the Ciiy Council (the "Council") of the City of Billings, Montana (the "City"), as follows: Section 1. Recitals. This Council has duly and vaiidly created and established in the City under Montana Code Arurotated, Title 7, Chapter 12, Parts 47 and 42, as amended (the "Act"), special improvement projects, designated as the W.O. 04-12, Alkali Creek Road Sidewalk Project (the "Alkali Creek Road Sidewalk Improvements"), and the W.O. 06-18 Broadwater Subdivision - Phase V Improvements (the "Broadwater Subdivision - Phase V Improvements") (together, the "Projects"), for the purpose of financing costs of certain public improvements of special benefit to the properties within the Projects (the "Improvements") and paying costs incidental thereto, including costs associated with the sale and the security ofspecial sidewalk, curb, gutter and alley approach bonds of the City drawn on the Projects (the "Bonds"), the creation and administration of the Projects and the funding of a deposit to the City's Special Improvement Project Revolving Fund (the "Revolving Fund"). The total estimated costs of the Improvements, including such incidental costs, is $230,000. The costs of the hnprovements will be paid from the proceeds of the Bonds, which are to be payable primarily from special assessments to be levied against property in each ofthe Project areas, which property will be specially benefited bv the Improvements in an amount not less than $230,000. The costs of the Improvements are currently estimated, as follows: Alkali Creek Road Broadwater Subdivision Sidewalk Improvements - Phase V Improvements Construction Engineering & Administration Revolving Fund Deposit Bond Discount Costs oflssuance $10,137.00 1,750.00 700.00 280.00 43 3.00 sr70,78s.19 27,625.00 11,050.00 4,420.00 2,879.21 Total $13,300.00 $216,700.00 It is necessary that Bonds be issued and sold in an aggregate principal amount of$230,000 to finance the costs of the Improvements within each of the Project areas, including incidental costs, described in Subsection The City is authorized pursuant to Montana Code Annotated, Section 7-12-4193, to issue and sell special improvement district bonds of more than one district in a single offering on a pooled basis upon a determination that such pooling is in the best interests of the Projects and the City. The City is further authorized by Montana Code Ar¡¡rotated, Section 7-12-4204(l) to sell the Bonds at a price less than the principal amount thereof, but including interest thereon to the date of delivery, if this Council determines that such sale is in the best interests of the Projects and the City. Section 2. Determinations of Public Interest in Allowine Bond Discount and Permitting Pooline ofBonds. Pursuant to the authority described in Section t, this Council hereby determines that the issuance and sale of the Bonds in a pooled single offering for the foliowing Projects in the respective principal amounts set forth beiow: ---PAGE BREAK--- Project Alkali Creek Road Sidewalk Improvements Broadwater Subdivision - Phase V Improvements Principal Amount s 13,300.00 $216,700.00 Amount $20,000 20,000 20,000 20,000 20,000 20,000 is in the best interest of each of the Projects and the City and will facilitate the saie of the Bonds because the size of the issue will attract more interest in the marketplace and thus help to lower interest rates on the Bonds and because a single issue will reduce the costs of issuance. This Councii further determines to fix the minimum price for the Bonds ar $225,400 (98.0% of par), plus interest accrued thereon to the date of delivery. Such minimum bid will enable bidders to bid more effrciently for the Bonds by permitting them to submit their bids based on actual market conditions without adjusting the interest rates thereon to provide compensation for their purchase of the Bonds. This procedure will faciiitate the sale of the Bonds at the lowest interest rates, which is in the best interests ofeach ofthe Projects and the City. Section 3. Findines and Determination To Pledee the Revolving Fund. In the Resolutions of Intention To Order in the Programs for the Alkali Creek Road Sidewalk Improvements and the Broadwater Subdivision - Phase V Improvements, adopted on March 14,2005 and March 26,2007 , respectively, this Council found it to be in the pubiic interest, and in the best interest of the City and the Projects, to secure payrrent of principal of and interest on the Bonds by the Revolving Fund and authorized the City to enter into the undertakings and agreements authorized in the Act in respect ofthe Bonds, based on the factors required to be considered under Section 7-12-4225(4) of the Act. Those findings and determinations were ratified and confirmed in the resolutions ordering the programs adopted by this Council on April 1 I, 2005 and April 23, 2007 , respectively, and are hereby ratified and confirmed. It is hereby covenanted and recited that the City has the power under the Act to pledge the Revolving Fund to pa).ment of the principal of and interest on the Bonds. Section 4. Terms of the Bonds. This Council hereby authorizes the issuance and sale of Pooled Special Sidewalk, Curb, Gutter and Alley Approach Bonds, Series 2008 of the City in the aggregate principal amount of $230,000 (the "Bonds") for the purpose of financing the Improvements. The Bonds shall be dated, as originally issued, as of September 1, 2008, and shall bear interest payable semiannually on January 1 and July 1 of each year, cornmencing January 7,2009, at arafe or rates designated by the successful bidder at public sale and approved by this Council. If issued as serial bonds, the Bonds shalt mature on July 1 in each of the following years and amounts: Year 2009 2010 20tl 2012 2013 2014 Year 2015 20r6 2017 2018 2019 2020 Amount $ 10,000 20,000 20,000 20,000 20,000 20,000 If issued as amortization bonds, the Bonds will be issued as a single bond or divided into several bonds, as the Council may determine at the time of the sale, and the principal of and interest on the Bonds shall be payable semiannually in equal payments on each January 1 and July 1, commencing January i,2009, and concluding July 1,2020, unless the Bonds are earlier redeemed. Serial bonds shall be in the denomination of $5,000 each or any integral multiple thereof of single maturities The Bonds shall be issuable only as fuliy registered bonds and shall be executed by the manual or facsimile signatures of the Mayor, Financial Services Manager and the City Clerk. The Bonds shall be secured by the Revolving Fund. Section 5. Public Sale. The Bonds shall be sold at a public competitive sale, the sealed bids for which shall be submitted to the Financial Services Manager or bids for the purchase of the Bonds shall be received by the City by electronic transmission through ParityrM, in either case until 12:00 noon, M.T. on August 25, 2008, at which time bids will be opened and tabulated by the Financial Services Manager. At a regular meeting of this Council on August 25, 2008, at 6:30 p.m., M.T, the City will consider the bids and, if a responsive and acceptable bid is received, award the sale of the Bonds. Award of sale will be made to the bidder with the lowest true interest cost ("TIC") by the Council. The City will receive sealed bids or bids transmitted electronically through ParityrM for the Bonds and the Bonds will be sold in accordance with the Official Terms and Conditions attached hereto as Exhibit A (which is hereby incorporated and made a part hereof). The City Clerk is authorized and directed to cause notice of the sale to be published, as required by Montana Code Annotated, Sections 7-12-4204,7-1-4252 and 17-5-106,inThe Billings Times once each week for two successive ---PAGE BREAK--- weeks preceding the week which contains the date of sale. The notice of sale shall be published and mailed in substantially the form set fo¡th as Exhibit A to this resolution and this Council hereby adopts the terms and conditions set forth in such notice of sale as the terms and conditions of the sale of the Bonds. Section 6. lnformationai Materials. The Financiai Services Manager and other officers of the City are hereby authorized and directed to prepare and distribute on behalf of the City an Offering Circular or summary of the transaction, to the extent deemed necessary or appropnate. Passed by the City Council of the City of Biliings, Morfana, this 11th day of August, 2008. CITY OF BILLINGS City Clerk ---PAGE BREAK--- EXHIBIT A TERMS AND CONDITIONS OF BOND SALE $230,000 Pooled Special Sidewaik, Curb, Gutter and Alley Approach Bonds, Series 2008 (Alkali Creek Road Sidewalk Improvements and Broadwater Subdivision - Phase V Improvements) CITY OF BILLINGS, MONTANA NOTICE IS HEREBY GIVEN that the City of Billings, Montana (the "City"), will sell to the highest and best bidder for cash or bids transmitted electronically through ParityrM, as evidenced by sealed bids, the above-described Bonds drawn against the fi¡nds of the following special improvement Projects in the respective principal amounts set forth beiow: Proiect Alkali Creek Road Sidewalk Improvements Broadwater Subdivision - Phase V Improvements Principal Amount $ 13,300.00 s2i 6,700.00 Amount $20,000 Sealed bids for the purchase of the Bonds wiil be received in the City Cierk's office, 1" Floor of Park III, at 210 North 27th Street, Billings, Montana, or bids for the purchase of the Bonds will be received by the City by electronic transmission through ParityrM, in either case until 12:00 noon, M.T., on Monday, August 25, 2008, at which time the bids will be opened or accessed and tabulated. The City Council of the City will meet at their regular meeting at 6:30 p.m., M.T., on the same day in the Council Chambers, 2"o Floor of the Police Facility, 220 North 27'n Street, Billings, Montana, to consider the bids and to award the sale of the Bonds. Bids may be submitted by facsimile to the City Clerk at (406) 657-8390 until 12:00 noon, M.T., on August 25,2008. . Purpose and Securitv The Bonds will be issued for the purpose of fìnancing the cost of construction of certain local improvements (the "Improvements") within or fo¡ the benefit of the W.O. 04-12, Ãlkali Creek Road Sidewalk Project and the W.O. 06-18 Broadwater Subdivision - Phase V Improvements (together, the "Projects"), in accordance with the provisions of Montana Code An¡rotated, Title 7, Chapter 12, Parts 41 ar-rd 42, as amended. The Bonds will be special, limited obligations of the City and do not constitute general obligations of the City. The Bonds are payable primarily from the collection of a special assessment which is a lien against the aisessable real property within the respective Projects benefited by the Improvements to be undertaken therein or therefor. The special assessments are payable in equal, semiannual installments over a 12- year term, with unpaid installments of the special assessments bearing interest at a rafe equal, from time to time, to the sum of the average rate of interest bome by the then outstanding Bonds, plus (ii) one-half of one percent (0.50%) per annum. The Bonds are further secured by the Special Improvement Project Revolving Fund of the City (the "Revolving Fund"). The City will agree to make a loan from the Revolving Fund to the Sinking Fund established fo¡ the Projects to make good any deficiency then existing in the principal and interest subaêcounts therein and to provide funds for the Revolving Fund by levying a tax or making a loan from the City's general fund to the extent authorized bv law. Date and T)¡Pe The Bonds wiil be dated, as originally issued, as of September l, 2008, and will be issued as negotiable investment securities in registered fo¡m as to both principal and interest. Mafurities and Redemption If issued as serial bonds, the Bonds shall mature, subject to redemption, on July 1 in the following years and amounts: Year Amount s10,000 Year 2015 2009 A-1 ---PAGE BREAK--- 2010 20,000 2011 20,000 2012 20,000 2013 20,000 2014 20,000 2016 20,000 2011 20,000 2018 20,000 2019 20,000 2020 20,000 If issued as amortization bonds, the Bonds wili be issued as a single bond or divided into several bonds, as the Council may determine, and the principal of the Bonds shall be payable semiannually on each January 1 and July 1, commencing January 1, 2009, and continuing through July I, 2020, subject to prior redemption. Serial bonds shall be in the denomination of $5,000 each or any integral multiple thereof of singie maturities. The Bonds shall be issuable only as fully registered bonds and shall be executed by the manual or facsimile signatures of the Mayor, Financial Services Manager and the City Clerk. Redemption Mandatory Redemption. If on any interest pa)¡rnent date there will be a balance in the Sinking Ful.rd after paynent of the principal and interest due on all Bonds drawn against it, either from the prepal.rnent of special assessments levied in the Projects or from the transfer of surplus money from the Construction Subaccount to the Principal Subaccount, outstanding Bonds, or portions thereof, in an amount which, together with the interest thereon to the interest payment date, will equal the amount of such ñmds on deposit in the Sinking Fund on that date are subject to mandatory redemption on that interest payment date. The redemption price shall equal the amount of the principal amount of the Bonds to be redeemed plus interest accrued to the date of redemption. Optional Redemption. The Bonds are subject to redemption, in whole or in part, at the option of the City from sources of funds available therefor other than those described under "Mandatory Redemption" on any interest payment date; provided, however, the Bonds shall not be called for redemption before Juiy 1, 2013, from the proceeds of refunding special irnprovement district bonds or warrants. The redemption price shall equal the principal amount of the Bonds to be redeemed plus interest accrued to the date of redemption. Selection of Bonds for Redemption. If less than all of the Bonds are to be redeemed, Bonds shall be redeemed in order of the stated maturities thereof. If less than all Bonds of a stated maturity are to be redeemed, the Bonds of such maturity shall be selected for redemption in $5,000 principal amounts selected by the Registrar by lot or other manner it deems fair. Interest Payment Dates. Rates Interest will be payable each January 1 and July 1, commencing January 1,2009, to the regrstered owners of the Bonds as such appear in the bond register as of the ciose of business on the 15th day (whether or not a business day) of the immediately preceding month. All Bonds of the same stated maturity must bear interest from date of original issue until paid at a single, uniform rate. Each rate must be expressed in an integral multiple of 1/8 or 5/i00 of \o/o and shall be bid in level or ascending rates. No supplemental or coupons or additional interest certificates are permitted. Interest will be calculated on the basis ofa 360-day year consisting of twelve 3O-day months. Bond Registrar. Transfer Asent and Paving Agent The City may select a, or may act as, bond registrar, transfer agent and paylng agent (the "Registrar") in connection with the Bonds. The bond register will be kept, transfers of ownership will be effected and principal of and interest on the Bonds will be paid by the Registrar. The City will pay the charges of the Registrar for such services. The City reserves the right to remove the Registrar and to appoint a suitable bank or tn¡st company as successor. Delivery 'Within 15 days after the sale, the City will deiiver to the Registrar the printed Bonds ready for completion and authentication. The original purchaser of the Bonds must notìfy the Registrar, at least five business days before issuance of the Bonds, of the persons in whose names the Bonds will be initially registered and the authorized denominations of the Bonds to be originally issued. If notification is not received by that date, the Bonds will be registered in the name of the original purchaser and, if serial bonds, will be issued in denominations corresponding to the principal maturities of the Bonds. On the day of closing, the City will A-2 ---PAGE BREAK--- fumish to the purchaser the opinion of bond counsel hereinafter described, an arbitrage certification and a certificate verifying that no litigation in any manner questioning the validity of the Bonds is then pending or, to the knowledge of officers of the City, threatened. Payment for the Bonds must be received by the City in immediately available funds at its designated depositary on the day of closing. As a condition of delivery, the purchaser must certify to the City in writing the initiai reoffering prices of the Bonds. Leeal Opinion An opinion as to the validity of the Bonds and the exclusion from gross income for federal income tax purposes and Montana individual income tax purposes of the interest thereon will be fumished by Dorsey & Whitney LLP, of Missoula, Montana, and Minneapolis, Minnesota, as Bond Counsel. The legal opinion will be provided at closing. The legal opinion will state that the Bonds are valid and binding special obligations of the City enforceable in accordance with their terms, except to the extent to which enforceability thereof may be limited by the exercise ofjudicial discretion or by state or federal laws reiating to bankruptcy, reorganization, moratorium or creditors' rights; however, Dorsey & Whitney LLP will not express an opinion as to the enforceability of the agreement of the City to make loans or advances from the Revolving Fund to the Sinking Fund as may be required to pay principal and interest on the Bonds. T)¡pe of Bid and Good Faith Deposit Bids transmitted electronically through ParityrM or sealed bids for not less Tharr 5225,400 (98.0% of par) and accrued interest on the principal sum of $230,000 must be mailed or delivered to the undersigned and must be received at the offrce of the City Clerk prior to the time stated above. Bidders must bid for all or none of the Bonds. Each bid must be unconditional. Bids may be transmitted electronically through ParityrM in accordance with these terms and conditions. Except for a bid by or on behalf of the Board of Investments of the State of Montana, a good faitli deposit (the "Deposit") in the form of money, cashier's check, certified check, bank money order, orbank drafi drawn and issued by a federally chartered or state chartered bank insured by the federal deposit insurauce corporation or a financial surety bond in the sum of $4,600 payable to the order of the City is required for a bid to be considered. If money, cashier's check, certified check, bank money order, or bank draft is used, it must accompany the bid and be deiivered to the Financial Services Manager. If a financial surety bond is used, it must be from an insurance comþany licensed and qualif,red to issue such a bond in the State of Montana and such bond must be submitted to the Financial Services Manager prior to the opening of the bids. The financial surety bond must identify each bidder whose Deposit is guaranteed by such financial surety bond. If the Bonds are awarded to a bidder utilizing a financial surety bond, then that purchaser is required to submit its Deposit to the City in the form of a cashier's check (or wire transfer such amount as instructed by the City) not later than 1:00 P.M., M.T., on the next business day foliowing the award. If such Deposit is not received by that time, the financial surety bond may be drawn by the City to satisfy the Deposit requirement. No interest on the Deposit will accrue to the purchaser. The Deposit will be applied to the purchase price of the Bonds. In the event the purchaser fails to honor its accepted bid, the Deposit will be retained by the City as liquidated damages. The Deposit of the unsuccessful bidders will be retumed immediately on award of the Bonds to the purchaser or after rejectiou of all bids. Instructions for wiring the Deposit may be obtained from the City's Financial Services Manager, Pat Weber, 210 North 27th Street, Billings, Montana 591 0 I , telephone (406) 65'7 -8209 . Award The bid authorizing the lowest net interest cost (total interest on all Bonds from September 1, 2008, to their maturities, less any premium or plus any discount) will be deemed the most favorable. Lr the event that two or more bids state the lowest net interest cost, the sale of the Bonds will be awarded by lot. No oral bid will be considered. The Council will consider sealed bids or bids transmitted elechonically through the ParityrM system. The City reserves the rights to reject any and all bids, to waive informalities in any bid and to adjoum the sale. Electronic Transmission To the extent any instructions or directions set forth in ParityrM conflict with this Terms and Conditions of Sale, the terms of this Terms and Conditions of Sale shall control. For further information about ParityrM, potentiai bidders may contact ParityrM af Q12) 849-5021 . In the event of a malfunction in the electronic bidding process, bidders may submit their bids by sealed bid including facsimile transmission to the City Clerk, Cari Martin, at facsimile number (406) 657-8390 (phone (406) 657-8210). A-3 ---PAGE BREAK--- Informational Materials. The Financial Services Manager and other officers of the City will prepare and distribute on behaif . of the City an Offering Circular or summary of the transaction, to the extent deemed necessary or appropriate. l CUSIP Numbers i The City will assume no fee or obiigation for the assignment or printing of CUSIP numbers on the Bonds or for the correctness of any numbers printed thereon, but will permit such numbers to be assigned and l printed at the expense ofthe purchaser, ifthe original purchaser waives any delay in delivery occasioned thereby. Dated: August 1 1, 2008. BY ORDER OF THE CITY COLINCIL 0 L; Yh rt City Clerk City of Billings, Montana A-4 ---PAGE BREAK--- EXHIBIT B NOTICEOFBOND SALE $230,000 Pooled Special Sidewalk, Curb, Gutter and Alley Approach Bonds, Series 2008 CITY OF BILLINGS, MONTANA NOTICE IS HEREBY GIVEN that the City Council (the "Council") of the City of Billings, Montana (the "City"), will receive sealed bids for the purchase of $230,000 Pooled Special Sidewalk, Curb, Gutter and Alley Approach Bonds, Se¡ies 2008 (the "Bonds") in the City Cle¡k's office, Floor of Park III, at210 North 27'r'Street, Billings, Montana, or bids transmitted electronically through ParityrM until i2:00 noon, M.T., on August 25,2008, at which time the bids will be opened or accessed and tabulated. The City Council of the City will meet at their regular meeting at 6:30 p.m., M.T., on the same day in the Council Chambers, 2nd Floor of the Police Facility, 220North27tt'Street, Billings, Montana, to consider the bids and to award the sale of the Bonds. The Council wili award sale of the Bonds to the ¡esponsive bidder whose bid reflects the lowest true interest cost (TIC). The Bonds will be issued for the purpose of financing the cost of construction of cefain local improvements (the "Improvements") within or for the benefit of the W.O. 04-12, Alkali Creek Road Sídewaik Project and the W.O. 06-18 Broadwater Subdivision - Phase V Improvements (together, the "Projects"); and paying costs associated with the sale and issuance of the Bonds. The Bonds shall mature, subject to redemption, on July I in the following years and amounts (unless combined into one or more term bonds): Year Amount Yea¡ Amount 2009 $10,000 2010 20,000 20t1 20,000 2012 20,000 2013 20,000 2014 20,000 2015 $20,000 2016 20,000 2017 20,000 2018 20,000 2019 20,000 2020 20.000 The Bonds shall be issuable only as fu1ly registered bonds and shall be executed by the manual or facsimile signatures of the Mayor, Financial Services Manager and the City Clerk. The Bonds shall be secured by the City's Revolving Fund. Serial bonds shall be in the denomination of S5,000 each or any integral multiple thereof of single maturities. The Bonds shall be dated, as originally issued, as of September 1,2008, and shall bear interest payable semianriually on January 1 and July 1 of each year, commencing January l, 2009, and will be issued as negotiable investment securities in registered form as to both principal and interest. The Bonds with stated maturities on or after July 1,2014 will be subject to redemption on July 1, 2013, and any date thereafter, at the option of the City, in whole or in part, at a redemption price equal to the principal amount thereof to be redeemed plus interest accrued to the redemption date, without premium. The Bonds are also subject to mandatory redemption on an interest payment date if the amounts in the Sinking Fund, either ûom prepayment of assessments or transfers from the Construction Account to the Principal Account, are sufficient to pay outstanding Bonds, or portions thereof, with interest thereon to that interest payment date. The Bonds will be sold for not less than 5225,400 (98.0% of par) with accrued inte¡est on the principal amount of the Bonds to the date of their delivery. The Board reseryes the right to reject any and all bids, to waive any inforrirality in any bid, and to adjoum the sale. A good faith deposit in the form of money, cashier's check, certified check, bank money order, or bank draft drawn and issued by a federally chartered or state chartered bank insured by the Federal Deposit Insurance Corporation or a financial surety bond in the sum of 2o/o of the aggregate principal amount of the Bonds ($4,600) payable to the order of r¡e City is required for each bid to be considered, as further specified in the Official Terms and Conditions of Sale. Copies of a statement of the Offrcial Terms and Conditions of Sale and additional information may be obtained from Financial Services Manager, Pat Weber, 210 North 27'r'Street, Billings, Montana 59101, telephone (406) 657-B2Og. Prospective bidders should consult the Official Terms and Conditions of Sale and any other information material distributed by the City for a detailed description of the Bonds, the security therefore, and the form of legal opinion proposed to be rendered by Dorsey & Whitney LLP, of Missoula, Montana, and Minneapolis, Mi¡rnesota, as bond counsel. To the extent any instructions or directions set forth in ParityrM conflict with this Notice of Bond Sale, the terms of this Notice of Bond Saleshallcontrol. af(212)849-5021. In the event of a malfunction in the electronic bidding process, bidders may submit their bids by sealed bid including facsimile transmission to the City's Financial Services Manager, Pat Weber, at facsimile number (406) 247-8605 (phone (406) 657- 8209). B-1 ---PAGE BREAK--- Publish: Dated: August 1 l, 2008. August 14,2008 August 21,2008 BY ORDER OF THE CITY COLTNCIL l'tlu' lllû+n' uan NlaÍln. Ltrv ulerK City of Billings, Montana B-2 ---PAGE BREAK---