Staff recommends that Council conduct a public hearing and approve the resolution creating SID 1425 Broso Park and Gabel Traffic Signal.

With recent developments within Broso Valley Park Subdivision, a traffic signal at the intersection of Broso Park Drive and Gabel Road is warranted.  The Subdivision Improvements Agreement for Broso Valley Park Subdivision states that the subdivision is responsible for one-half of the cost of construction of the traffic signal at Broso Valley Park Drive and Gabel Road.  The remaining one-half of the cost of the signal will be completed through a cash contribution from the City, noting there is some additional cost borne by the City to reconstruct some previously constructed ADA ramps that do not meet current standards.  When the property on the west side of Gabel Road develops in the future, the City will require the developer to reimburse the City for one-half of the cost of the traffic signal.  This project is also widening about 800-feet of the west side of Gabel Road south of Broso Valley Park Drive to add a travel lane.  The additional travel lane is being funded from a cash contribution recently collected from Costco for traffic impacts to the intersection of Zoo Drive and Gabel Road.  Staff sent letters to property owners in January and March 2024 informing them of the project.

Prior to creation of the SID anticipated for this April 22 Council meeting, staff solicited bids in order to obtain accurate costs for the SID.  The project was bid on February 20, 2024 with Montana Lines being the lowest responsible bidder.   Actual bid costs were then used to determine the overall SID cost and proposed assessments.

The protest period ends on April 15, 2024, and protests will be presented at the City Council meeting.

The Council may:

• Conduct a public hearing and approve the resolution creating SID 1425; or,
• After holding a public hearing, do not approve the resolution creating SID 1425.  If not approved, the traffic signal will not be constructed by SID and would have to be constructed through other funding mechanisms.

The total estimated costs of the improvements are $730,379.70. The costs of the improvements are to be paid from the following sources: (1) $289,000.00 of Special Improvement District bonds;  (2) $116,958.33 of cash contribution collected from Costco by the City; and (3) $324,421.37 of cash contribution from the City of Billings from Gas Tax funds.