Consent 1.H.
Regular City Council Meeting
- Meeting Date:
- 11/24/2014
- TITLE
- SID 1382 Colton Boulevard Resolution of Intent to Create District and Set a Public Hearing
- PRESENTED BY:
- David Mumford
- Department:
- Public Works
Presentation:
PROBLEM/ISSUE STATEMENT
Colton Boulevard is platted but not constructed between Zimmerman Trail and 38th Street West. Colton Boulevard and 38th Street West are classified as Collector Streets on the Functional Classification Map. SID 1382 will construct Colton Boulevard between 38th Street West and Zimmerman Trail. The western section will be fully constructed with curb and gutter, water, storm drain, and multi-use path on the south side. This full section will be from 38th Street West to the undeveloped section south of Colton. Fronting the undeveloped farm land south of Colton, the street will be constructed to 26 feet wide. The rest of the section will be constructed with development of the land south of it. There are a total of 139 properties within the district boundary. Seventeen (17) of the properties front Colton Boulevard, and these improvements are necessary in order for development of the lots. The remaining properties are located south of Colton Boulevard to Grand Avenue in Village West Subdivision, Village West Subdivision 2nd Filing, and Hancock-Grand Subdivision. The subdivision improvements agreement for these subdivisions requires these properties to participate in the cost of constructing Colton Boulevard.
ALTERNATIVES ANALYZED
The Council may:
- Approve the Resolution of Intent to Create SID1382 and set a public hearing for the December 15, 2014, City Council Meeting; or
- Disapprove the Resolution of Intent to Create SID 1382. If not approved, the SID cannot move forward.
FINANCIAL IMPACT
The total estimated costs of the Improvements are $1,278,302.11. The costs of the Improvements are to be paid from the following sources: (1) $382,000.00 of Special Improvement District bonds hereinafter described; (2) $251,040.71 of cash contribution by Boyer Land LLC, the owner of 9 lots in the District; and (3) $654,261.40 of cash contribution by the City of Billings. The contribution from the city is made of $65,000 water funds, $100,000 storm drain funds and $489,261.40 gas tax.
RECOMMENDATION
Staff recommends that Council approve the Resolution of Intent to Create SID1382 and set a public hearing for December 15, 2014.