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Item 7.d.
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| City Council Regular | |
| Date: | 09/12/2022 |
| Title: | Public Hearing SID 2922 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 curb and gutter, drive approaches, appurtenant improvements, storm sewer improvements, and asphalt pavement construction costs for SID 2922 (work order 21-12).
BACKGROUND (Consistency with Adopted Plans and Policies, if applicable)
The improvements constituting the Harrow Drive Improvements will be the construction and installation of curbs, gutters, drive approaches, and appurtenant improvements, storm sewer improvements, and asphalt pavement on Harrow Drive, north of Rimrock Road within the City of Billings. SID No. 2922 (work order 21-12) 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 $133,291. Assessments range from $5,014 to $22,949 spread over a 12 year period, at an interest rate of 6%. The amount assessed per property is stated in the resolution.