Ron Hill, owner of 22 of the 27 lots proposed in the SID 1395 district boundary, has the desire to construct public improvements on Boca Raton Road between Annandale Road and Clubhouse Way and a short extension of Annandale Road. These improvements generally consist of water, sanitary sewer, storm drain, curb and gutter, and street improvements to Boca Raton Road and Annandale Road.  Ron Hill will be paying a cash contribution for his lots which represents 68% of the total cost of the SID.  This is necessary to meet the requirements of the City's Raw Land District Requirements (Resolution No. 87-15592).  The city will be making a cash contribution in amount of $127,569.99 to the project.  This will pay for the city's portion of Annandale Road due to the fact that it is classified as an arterial street. 

The Council may:

• Approve the Resolution of Intent to Create SID 1395 and set a public hearing for the May 13, 2013, City Council Meeting; or
• Not approve the Resolution of Intent to Create SID 1395.

The total estimated costs of the Improvements are $978,415.33. The costs of the Improvements are to be paid from the following sources: (1) $182,000.00 of Special Improvement District bonds; (2) $668,845.34 of cash contribution by Ron Hill, owner of 22 of the 27 lots in the District; and (3) $127,569.99 of cash contribution from the City of Billings out of storm drain and gas tax funds.

Staff recommends that Council approve the Resolution of Intent to Create SID 1395 and set a public hearing date for May 13, 2013.