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Item 7.c.
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| City Council Regular | |
| Date: | 09/12/2022 |
| Title: | Public Hearing SID 2921 Allocation of Assessments |
| Presented by: | Andy Zoeller, Finance Director |
| Department: | Finance |
| Presentation: | Yes |
| Legal Review | No |
RECOMMENDATION
Staff recommends that the City Council conduct a public hearing and pass the proposed resolution to assess property owners for sidewalk, curb and gutter, drive approaches, and appurtenant construction costs for SID 2921 (work order 20-28).
BACKGROUND (Consistency with Adopted Plans and Policies, if applicable)
The improvements constituting the Songbird Drive Improvements will be the construction and installation of curb/gutter, sidewalk, drive approach and appurtenant improvements, storm sewer improvements, and asphalt pavement on Songbird Drive, between Frontier Drive and Midland Road within the City of Billings. SID No. 2921 (work order 20-28) has been completed by the Finance Department and is ready to spread on the 2022 tax roll.
ALTERNATIVES
City Council may:
- Approve; or,
- Not Approve, the property owners will not be assessed, and the General Fund will be responsible for paying for the improvements.
FISCAL EFFECTS
The total cost spread to the district is $121,518. Assessments range from $10,814 to $52,980 spread over a 12 year period, at an interest rate of 6%. The amount assessed per property is stated in the resolution.