Some of the property owners along Moore Lane between Monad Road and Central Avenue have expressed interest in creating an SID to reconstruct Moore Lane.  SID 1369 will construct the missing sanitary sewer improvements, new storm drain, curb and gutter, sidewalk, and the necessary widening and reconstruction of the street.  There are thirty-four properties on Moore Lane which are all commercially zoned.  The Public Works Department held a public meeting with the property owners and more than half of the owners are in favor of the creation of an SID.  Per the City's SID policy, the City will need to fund the reconstruction of the existing width of the street and fund any reconstruction of existing curb, gutter and sidewalk.  The City is contributing $425,000 of arterial funds and storm funds to the project.   

The Council may:

• After holding a public hearing, approve the Resolution Creating SID 1369; or
• After holding a public hearing, do not approve the Resolution Creating SID 1369.

The total estimated costs of the Improvements are $1,721,000.00. The costs of the Improvements are to be paid from the following sources: (1) $1,296,000.00 of Special Improvement District bonds; and (2) $425,000.00 cash contribution from the City of Billings utilizing arterial fee and storm funds.

Staff recommends that Council approve the Resolution Creating SID 1369.