Some of the property owners within Fritz Subdivision have expressed interest in creating an SID to pave their existing gravel streets.   Fritz Subdivision is located in the Heights, near Yellowstone River Road and Hawthorne Ln.  SID 1393 will construct the missing curb and gutter, drive approaches, storm drain, and street improvements to Cottonwood Boulevard, Kenneth Street, Kelly Lane, and Eldora Drive within Fritz Subdivision.   The Public Works Department held a public meeting with the property owners and conducted a mail survey and more than half of the owners are in favor of creating the SID.  Per the City's SID policy, the City will need to pay for paving half of width of the street and new curb and gutter along park frontage, which includes the bike path and along the non-addressed side of corner lots.  The City would contribute $218,033.28 of gas tax funds and storm funds to the SID.   

The Council may:

• Approve the Resolution of Intent to Create SID 1393 and set a public hearing for May 29, 2012, City Council Meeting; or
• Do not approve the Resolution of Intent to Create SID 1393.

The total estimated costs of the improvements are $413,033.28. The costs of the improvements are to be paid from the following sources: (1) $213,000.00 of Special Improvement District bonds; and (2) $218,033.28 cash contribution from the City of Billings utilizing gas tax and storm funds.

Staff recommends that Council approve the Resolution of Intent to Create SID 1393 and set a public hearing date for May 29, 2012.