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CERTIFICATE AS TO RESOLUTION AND ADOPTING VOTE I, the undersigned, being the duly qualified and acting recording officer of the City of Billings, Montana (the City), hereby certify that the attached resolution is a true copy of Resolution No.05-18302, entitled: RESOLUTION RELATING TO SPECIAL IMPROVEMENT DISTRICT NO. 1368; DECLAFtING IT TO BE THE INTENTION OF THE CITY COUNCIL TO CREATE THE DISTRICT FOR THE PURPOSE OF UNDERTAKING CERTAIN LOCAL IMPROVEMENTS AND FINANCING THE COSTS THEREOF AND INCIDENTAL THERETO THROUGH THE ISSUANCE OF SPECIAL IMPROVEMENT DISTRICT BONDS SECURED BY THE CITY'S SPECIAL IMPROVEMENT DISTRICT REVOLVING FUND (the Resolution" was duly adopted by the City Council of the City at a meeting on July 11, 2005 that the meeting was duly held by the City Council and was attended throughout by a quorum, pursuant to call and notice of such meeting given as required by law; and that the Resolution has not as of the date hereof been amended or repealed.) I further certify that, upon vote being taken on the Resolution at said meeting, the following Councilmembers voted in favor thereof: unanimous voted against the same: none or were absent: Toolev, Clark and Jones WITNESS my hand officially this llth day of July , 2005 . , • # SEAL 40 /2"aud--6- Marita Herold, CMC/AAE City Clerk Diwgraralt ---PAGE BREAK--- RESOLUTION NO. 05-18302 RESOLUTION RELATING TO SPECIAL IMPROVEMENT DISTRICT NO. 1368; DECLARING IT TO BE THE INTENTION OF THE CITY COUNCIL TO CREATE THE DISTRICT FOR THE PURPOSE OF UNDERTAKING CERTAIN LOCAL IMPROVEMENTS AND FINANCING THE COSTS THEREOF AND INCIDENTAL THERETO THROUGH THE ISSUANCE OF SPECIAL IMPROVEMENT DISTRICT BONDS SECURED BY THE CITY'S SPECIAL IMPROVEMENT DISTRICT REVOLVING FUND BE IT RESOLVED by the City Council of the City of Billings (the City), Montana, as follows: Section 1. Proposed Improvements; Intention To Create District. The City proposes to undertake certain local Improvements (the "Improvements") to benefit certain property located in the City. The Improvements consist of the construction of Annandale Road, as more particularly described in Section 5. The total estimated costs of the Improvements are $644,043.67. The costs of the Improvements are to be paid from the following sources: $227,000.00 of Special Improvement District bonds hereinafter described; and $292,043.67 of cash contribution by Ron Hill, the owner of 51 of the 77 lots in the District and $125,000.00 of contribution by the City of Billings, as more particularly described in Sections 6 and 90). It is the intention of this Council to create and establish in the City under Montana Code Annotated, Title 7, Chapter 12, Parts 41 and 42, as amended, a Special Improvement District (the "District") for the purpose of financing costs of the Improvements and paying costs incidental thereto, including costs associated with the sale and the security of Special Improvement District bonds drawn on the District (the "Bonds"), the creation and administration of the District, the fimding of a deposit to the City's Special Improvement District Revolving Fund (the "Revolving Fund"). The total estimated costs of the Improvements, including such incidental costs, to be financed by the Bonds are $227,000.00. The Bonds are to be payable primarily from special assessments to be levied against property in the District, which property will be specially benefited by the Improvements. Section 2. Number of District. The District, if the same shall be created and established, shall be known and designated as Special Improvement District No. 1368 of the City of Billings, Montana. Section 3. Boundaries of District. The limits and boundaries of the District are depicted on a map attached as Exhibit A hereto (which is hereby incorporated herein and made a part hereof) and more particularly described on Exhibit B hereto (which is hereby incorporated herein and made a part hereof), which boundaries are designated and confirmed as the boundaries of the District. A listing of each of the properties in the District is shown on Exhibit F hereto (which are hereby incorporated herein and made a part hereof). Section 4. Benefited Property. The District and territory included within the limits and boundaries described in Section 3 and as shown on Exhibits A, B, and F are hereby declared to be the Special Improvement District and the territory which will benefit and be benefited by the Improvements and will be assessed for the costs of the Improvements as described in Section 7. Section 5. General Character of the Improvements. The general character of the Improvements, as shown in Exhibit E, is the construction of curb and gutter, sanitary sewer mains, sanitary sewer services, water mains, water services, and necessary street improvements and widening fronting Lots on Annandale Road within Lake Hills Subdivision. Section 6. Engineer and Estimated Cost. Engineering, Inc.; P.O. Box 81345; Billings, MT 59108-1345, shall be the engineer for the District. The Engineer has estimated that the costs of the Improvements, including all incidental costs, are $644,043.67. Section 7. Assessment Methods. 7.1. Property to be Assessed. All properties within the district are to be assessed for the costs of the Improvements, as specified herein. The costs of the Improvements shall be assessed against the property in the District benefiting from the Improvements based on the equal amount methods described in Section 7-12-4162, M.C.A., as particularly applied and set forth in this Section 7. 7.1.1 Equal Amount Method. Assessment #1 will include water improvements to be constructed on Annandale Road between Cherry Hills Road and Greenbriar Road. The properties to be assessed for these improvements include Lake Hills Subdivision 13 th Filing, Block 44, Lots 6, 11 & 12; Lake Hills Subdivision 13 th Filing, Block 45, Lots 2, 6-8, 10, & 11. For the purposes of equitably apportioning special benefit to each lot, tract or ---PAGE BREAK--- parcel of land in the District, as above-mentioned, the Engineer has determined that each lot, tract, or parcel of land, receiving water improvements, shall equally bear the costs of the water improvements as set forth in Part III hereto to arrive at an equal cost for the water improvements. The total estimated cost of Assessment #1 is $24,703.70 and shall be assessed against each lot, tract, or parcel of land within the District, as above-mentioned, receiving water improvements, on an equal amount basis based on the bid price to be received. The equal amount assessment is estimated to be $2,744.8555. Assessment #2 will include sanitary sewer improvements to be constructed on Annandale Road between Cherry Hills Road and Greenbriar Road. The properties to be assessed for these improvements include Lake Hills Subdivision 13 th Filing, Block 44, Lots 6 & 11-12; Lake Hills Subdivision 13 th Filing, Block 45, Lots 2, 6-8, 10, & 11. For the purposes of equitably apportioning special benefit to each lot, tract or parcel of land in the District, as above-mentioned, the Engineer has determined that each lot, tract, or parcel of land, receiving sanitary sewer improvements, shall equally bear the costs of the sanitary sewer improvements as set forth in Part III hereto to arrive at an equal cost for the sanitary sewer improvements. The total estimated cost of Assessment #2 is $47,453.56 and shall be assessed against each lot, tract, or parcel of land within the District, as above-mentioned, receiving sanitary sewer improvements, on an equal amount basis based on the bid price to be received. The equal amount assessment is estimated to be $5,272.6178. Assessment #3 will include storm drain improvements to be constructed in Annandale Road between Greenbriar Road and Boca Raton Road. The properties to be assessed for these improvements include LaIce Hills Subdivision 13 th Filing, Block 44, Lots 6, 11 & 12; Lake Hills Subdivision 13 th Filing, Block 45, Lots 2, 6-8, & 10-14; LaIce Hills Subdivision 14 th Filing, Block 45, Lots 16 & 16A; Block 46, Lots 1, 3, 21, & 26; Block 47, Lots 2, 5, 6, 14, 18, & 20; Lake Hills Subdivision 15 th Filing, Block 19, Lots 5 & 6; Block 46, Lot 14. For the purposes of equitably apportioning special benefit to each lot, tract or parcel of land in the District, as above-mentioned, the Engineer has determined that each lot, tract, or parcel of land, receiving storm drain improvements, shall equally bear the costs of the storm drain improvements as set forth in Part III hereto to arrive at an equal cost for the storm drain improvements. The total estimated cost of Assessment #3 is $61,858.02 and shall be assessed against each lot, tract, or parcel of land within the District, as above-mentioned, receiving storm drain improvements, on an equal amount basis based on the bid price to be received. The equal amount assessment is estimated to be $2,379.1545. Assessment #4 will include street improvements to be constructed on Amiandale Road between Cherry Hills Road and Greenbriar Road. The properties to be assessed for these improvements include LaIce Hills Subdivision 13 th Filing, Block 44, Lots 6, 11 & 12; Lake Hills Subdivision 13 th Filing, Block 45, Lots 2, 6-8, 10, & 11. For the purposes of equitably apportioning special benefit to each lot, tract or parcel of land in the District, as above-mentioned, the Engineer has determined that each lot, tract, or parcel of land, receiving street improvements, shall equally bear the costs of the street improvements as set forth in Part III hereto to arrive at an equal cost for the street improvements. The total estimated cost of Assessment #4 is $92,984.72 and shall be assessed against each lot, tract, or parcel of land within the District, as above-mentioned, receiving street iniprovements, on an equal amount basis based on the bid price to be received. The equal amount assessment is estimated to be $10,331.6359. 7.2. Assessment Methodologies Equitable and Consistent With Benefit. This Council hereby determines that the methods of assessment and the assessment of costs of the specific improvements against the properties benefited thereby as prescribed in this Section 7 are equitable in proportion to and not exceeding the special benefits derived from the respective improvements by the lots, tracts, and parcels to be assessed therefore within the District. Section 8. Payment of Assessments. The special assessments for the costs of the Improvements shall be payable over a term not exceeding 15 years, each in equal semiannual installments of principal, plus interest, or equal semiannual payments of principal and interest, as this Council shall prescribe in the resolution authorizing the issuance of the Bonds. Property Owners have the right to prepay assessments as provided by law. Further, all owners shall have the opportunity to prepay their assessments prior to sale of the SID bonds. Section 9. Method of Financing; Pledge of Revolving Fund; Findings and Determinations. The City will issue the Bonds in an aggregate principal amount not to exceed $227,000.00 in order to finance the costs of the Improvements. Principal of and interest on the Bonds will be paid from special assessments levied against the properties in the District. This Council further finds it is in the public ---PAGE BREAK--- interest, and in the best interest of the City and the District, to secure payment of principal of and interest on the Bonds by the Revolving Fund and hereby authorizes the city to enter into the undertakings and agreements authorized in Section 7-12-4225 in respect of the Bonds. In determining to authorize such undertakings and agreements, this Council has taken into consideration the following factors: Estimated Market Value of Parcels. The estimated market value of the lots, parcels, or tracts in the District as of the date of adoption of this resolution, as estimated, by the County Assessor for property tax purposes ranges from $1,824 to $2,488, and is set forth in Exhibit F. The average market value is $2,424.71 with the median being $2,141. The special assessments to be levied under Section 7 against each lot, parcel, or tract in the District is less than the increase in estimated value of the lot, parcel, or tract as a result of the construction of the Improvements. Diversity of Property Ownership. There are a total of 77 parcels within the district boundaries. No improvements, public or private, are located on any of the parcels within the District. Fifty-one (51) of these parcels are owned by Ron Hill. The remaining 26 parcels are owned by separate owners. Comparison of Special Assessments and Property Taxes and Market Value. Based on an analysis of the aggregate amount of the proposed, any outstanding special assessments (whether or not delinquent), and any delinquent property taxes (as well as any known industrial development bonds theretofore issued and secured by a mortgage against a parcel in the District) against each lot, parcel, or tract in the District in comparison to the estimated market value of such lot, parcel, or tract after the Improvements, the City concludes that, overall, the estimated market value of the lots, tracts, or parcels of land in the District exceeds the sum of special assessments, delinquent property taxes, and current assessments and is set forth in Exhibit F. Delinquencies. An analysis of the amount of delinquencies in the payment of outstanding special assessments or property taxes levied against the properties in the District shows that of 77 properties, zero properties were delinquent, and is set forth in Exhibit F. The Public Benefit of the Improvements. The total estimated costs of the Improvements are $644,043.67. The costs of the Improvements are to be paid from the following sources: $227,000.00 of Special Improvement District bonds hereinafter described; and $292,043.67 of cash contribution by Ron Hill, the owner of 51 of the 77 lots in the District and $125,000.00 of contribution by the City of Billings. The majority of the properties within the District are zoned R-9600, however six properties are zoned community commercial, 4 properties are zoned Residential Multi-Family, and two properties are zoned Residential 6000. The public improvements contemplated under the terms of this proposed District are required by the City Subdivision, Site Development and Zoning Ordinances in order for the parcels to develop. Other Factors. As previously noted, Ron Hill, owner of 51 of the 77 lots in the District, and the City of Billings will pay a cash contribution to the project. The total cash contribution is equal to $417,043.67 and represents 64.75 percent of the construction and administrative costs of the Improvements. This condition is necessary to satisfy the City's Special Improvement District Policy regarding raw land subdivision. Section 10. Reimbursement Expenditures. 10.01. Regulations. The United States Department of Treasury has promulgated final regulations governing the use of proceeds of tax-exempt bonds, all or a portion of which are to be used to reimburse the City for project expenditures paid by the City prior to the date of issuance of such bonds. Those regulations (Treasury Regulations, Section 1.150-2) (the "Regulations") require that the City adopt a statement of official intent to reimburse an original expenditure not later than 60 days after payment of the original expenditure. The Regulations also generally require that the bonds be issued and the reimbursement allocation made from the proceeds of the bonds within 18 months (or three years, if the reimbursement bond issue qualifies for the "small issuer" exception from the arbitrage rebate requirement) after the later of the date the expenditure is paid or (ii) the date the project is placed in service or abandoned, but (unless the issue qualifies for the "small issuer" exception from the arbitrage rebate requirement) in no event more than three years after the date the expenditure is paid. The Regulations generally permit reimbursement of capital expenditures and costs of issuance of the bonds. ---PAGE BREAK--- 10.02. Prior Extienditures. Other than expenditures to be paid or reimbursed from sources other than the Bonds, (ii) expenditures permitted to be reimbursed under the transitional provision contained in Section 1.150-2(j)(2) of the Regulations, (iii) expenditures constituting preliminary expenditures within the meaning of Section 1.150-2(0(2) of the Regulations, or (iv) expenditures in a "de minimus" amount (as defined in Section 1.150-2(f)(1) of the Regulations), no expenditures for the Improvements have been paid by the City before the date 60 days before the date of adoption of this resolution. 10.03. Declaration of Intent. The City reasonably expects to reimburse the expenditures made for costs of the Improvements out of the proceeds of Bonds in an estimated maximum aggregate principal amount of $227,000.00 after the date of payment of all or a portion of the costs of the Improvements. All reimbursed expenditures shall be capital expenditures, a cost of issuance of the Bonds or other expenditures eligible for reimbursement under Section 1.150-2(d)(3) of the Regulations. 10.04. Budgetary Matters. As of the date hereof, there are no City funds reserved, allocated on a long-term basis or otherwise set aside (or reasonably expected to be reserved, allocated on a long-term basis or otherwise set aside) to provide permanent financing for the expenditures related to the Improvements, other than pursuant to the issuance of the Bonds. The statement of intent contained in this resolution, therefore, is determined to be consistent with the City's budgetary and financial circumstances as they exist or are reasonably foreseeable on the date hereof. 10.05. Reimbursement Allocations. The City's financial officer shall be responsible for making the "reimbursement allocations" described in the Regulations, being generally the transfer of the appropriate amount of proceeds of the Bonds to reimburse the source of temporary financing used by the City to malce prior payment of the costs of the Improvements. Each allocation shall be evidence by an entry on the official books and records of the City maintained for the Bonds or the Improvements and shall specifically identify the actual original expenditure being reimbursed. Section 11. Public Hearing Protests. At any time within fifteen (15) days from and after the date of the first publication of the notice of the passage and approval of this resolution, any owner of real property within the District subject to assessment and taxation for the cost and expense of making the Improvements may malce and file with the City Clerk until 5:00 p.m., M.T., on the expiration date of said 15-day period (July 29, 2005), written protest against the proposed Improvements, or against the extension or creation of the District or both, and this Council will at its next regular meeting after the expiration of the fifteen (15) days in which such protests in writing can be made and filed, proceed to hear all such protests so made and filed; which said, regular meeting will be held on Monday the 8th day of August 2005, at 6:30 p.m., in the Council Chambers, at 220 North 27th Street, in Billings, Montana. Section 12. Notice of Passage of Resolution of Intention. The City Clerk is hereby authorized and directed to publish or cause to be published a copy of a notice of the passage of this resolution in the Billings Times, a newspaper of general circulation in the county on July 14 and July 21, 2005, in the form and manner prescribed by law, and to mail or cause to be mailed a copy of said notice to every person, firm, corporation, or the agent of such person, firm, or corporation having real property within the District listed in his or her name upon the last completed assessment roll for state, county, and school district taxes, at his last-known address, on or before the same day such notice is first published. PASSED AND ADOPTED by the City Co day of July 2005. of the ' of Billings, M tana, this llth Charles F. Toole Mayor age*Wearls as assoc. at tinge' 0.4 4.9! /C1/4, s • s • arita Herold, CMC/AAE City Clerk airunt ---PAGE BREAK--- -I it - PP-1P 4- rl r 89C1 alS EXHIBIT A - DISTRICT BOUNDARY MAP ---PAGE BREAK--- EXHIBIT B LEGAL DESCRIPTION Beginning at a point which is the NE Ulmer of Lot 2, Block 44, Lake Hills Subdivision, Thirteenth Filing; thence from said point of beginning N 88°38'30" W a distance of 869.74 feet; thence N 89°43'30" W a distance of 474.59' feet; thence N 89°43'30" W a distance of 2157.10 feet; thence S 00°11'15" W a distance of 619.88 feet; thence S 89°48'45" E a distance of 440.00 feet; thence N 87°26'53" E a distance of 50.06 feet; thence N 87°31'22" E a distance of 129.20 feet; thence N 00°16'30" E a distance of 130.53 feet; thence S 89°43'30" E a distance of 360.01 feet; thence N 00°16'30" E a distance of 10.00 feet; thence S 89°43'30" E a distance of 240.00 feet; thence N 00°16'30" E a distance of 10.00 feet; thence S 89°43'30" E a distance of 364.55 feet; thence N 60°16'30" E a distance of 123.81 feet; thence S 29°43'30" E a distance of 119.95 feet; thence S 28°39'02" E a distance of 60.00 feet; thence S 29°43'30" E a distance of 120.06 feet; thence N 60°16'31" E a distance of 549.91 feet; thence N 60°16'30" E a distance of 57.80 feet; thence N 60°16'30" E a distance of 109.23 feet; thence S 89°43'30" E a distance of 35.41 feet; thence S 89°43'30" E a distance of 131.76 feet; thence S 87°23'30" E a distance of 867.11 feet; thence N 01°21'30" E a distance of 118.92 feet; thence N 01°21'30" E a distance of 80.00 feet; thence N 01°21'30" E a distance of 120.00 feet to the point of beginning. Said described Boundary containing a net and a gross area of 36.2219 acres. ---PAGE BREAK--- 7-Jun-05 78165.37 EXHIBIT C SID 1368 - ANNANDALE ROAD EXTENSION ENGINEER'S ESTIMATE OF PROBABLE COST Water, Sanitary Sewer, Storm Drain, and Street Improvements This estimate is based on approximate quantities and costs for improvements, complete in-place to serve portions of Lake Hills Subdivision between Gleneagles Boulevard and Cherry Hills Road (Water main has been installed but requires services) ALL ITEMS ARE COMPLETE IN-PLACE ITEM NO. EST. QTY. UNIT DESCRIPTION UNIT PRICE TOTAL PRICE Water 101 1 LS Mobilization and Insurance @ $1,736.84 / LS = $ 1,736.84 102 1 LS Misc Water Main Improvements @ $10,000.00 / LS = $ 10,000.00 103 25 EA 1-inch Water Service @ $850.00 / EA = $ 21,250.00 104 1 EA 2-inch Blow-Off Valve @ $750.00 / EA = $ 750.00 105 1 LS Traffic Control During Construction @ $1,000.00 / LS = $ 1,000.00 Subtotal - Water = $ 34,736.84 Sewer 201 1 LS Mobilization and Insurance @ $3,336.32 / LS = $ 3,336.32 202 1 EA Connect to Existing Sanitary Sewer @ $2,500.00 / EA = $ 2,500.00 203 1,320 LF 8-inch Sanitary Sewer Main @ $22 00 / LF = $ 29,040.00 204 2 EA 8-inch Sewer Cap @ $50.00 / EA = $ 100.00 205 5 EA Standard Manhole @ $1,500.00 / EA = $ 7,500.00 206 30 VF Extra Depth @ $150.00 / VF = $ 4,500.00 207 25 EA 6-inch Sanitary Sewer Service with Cap @ $250.00 / EA = $ 6,250.00 208 625 LF 6-inch Sanitary Sewer Service Pipe @ $20.00 / LF = $ 12,500.00 209 1 LS Traffic Control During Construction @ $1,000.00 / LS = $ 1,000.00 Subtotal - Sewer $ 66,726.32 78165.37 - Exhibit C - Total Project Cost 6/22/2005 Page 2 of 19 ---PAGE BREAK--- ITEM NO. EST. QTY. UNIT DESCRIPTION UNIT PRICE Total Cost Storm 301 I LS Mobilization and Insurance @ $8,369.95 / LS $ 8,369.95 302 1 LS Pond Fill @ $5,700.00 / LS $ 5,700.00 303 120 LF Storm Drain Swale @ $20.00 / LF $ 2,400.00 304 6,520 CY Excavation (Pond #10 to Greenbriar Road) @ $5.00 / CY $ 32,600.00 305 165 CY Excavation (Outfall to Pond #I0) @ $5.00 / CY $ 825.00 306 450 SY Grouted River Rock - 6" Cobbles) @ $60.00 / SY $ 27,000.00 307 1 LS Erosion Control @ $3,750.00 / LS $ 3,750.00 308 120 LF 36-inch RCP Storm Drain @ $80.00 / LF $ 9,600.00 309 160 LF 24-inch RCP Storm Drain @ $42.00 / LF $ 6,720.00 310 I EA 24-inch RCP Flared End Section @ $500.00 / EA $ 500.00 311 780 LF 21-inch RCP Storm Drain @ $38.00 / LF = $ 29,640.00 312 180 LF 15-inch RCP Storm Drain @ $27.00 / LF = $ 4,860.00 313 308 LF 12-inch Inlet Pipe @ $23.00 / LF $ 7,084.00 314 1 EA 12-inch FETS @ $250.00 / EA $ 250.00 315 1 EA 72-inch Storm Drain Manhole @ $3,500.00 / EA = $ 3,500.00 316 3 EA 60-inch Storm Drain Manhole @ $2,800.00 / EA = $ 8,400.00 317 1 EA 48-inch Storm Drain Manhole @ $2,200.00 / EA = $ 2,200.00 318 7 EA Type III Inlet @ $1,500.00 / EA = $ 10,500.00 319 2 EA Type II Inlet @ $1,500.00 / EA = $ 3,000.00 320 1 LS Traffic Control During Construction @ $500.00 / LS = $ 500.00 Subtotal - Storm $ 167,398.95 Streets 401 I LS Mobilization and Insurance @ $9,937.47 / LS = $ 9,937.47 402 5,377 CY Unclassified Excavation @ $5.00 / CY = $ 26,885.00 403 3,593 CY 1 1/2-inch Base Gravel @ $17.00 / CY $ 61,081.00 404 2,640 LF Standard Curb & Gutter @ $9.50 / LF = $ 25,080.00 405 46 SF 3-Foot Wide Double Gutter @ $6.00 / SF = $ 276.00 406 2 EA Curb Return Fillet @ $600.00 / EA $ 1,200.00 407 2 EA HC Ramps @ $750.00 / EA $ 1,500.00 408 4,000 SF 6-inch Thick Drive Approach @ $6.00 / SF $ 24,000.00 409 8,500 SF Seeding of Select Disturbed Areas @ $0.12 / SF $ 1,020.00 410 1,065 TN Asphalt (3-inch Thick) @ $28.00 / TN $ 29,820.00 411 69 TN Asphalt Oil @ $150.00 / TN = $ 10,350.00 412 3 EA Adjust Manhole @ $200.00 / EA = $ 600.00 413 4 EA Adjust Valve @ $200.00 / EA $ 800.00 414 2 EA Adjust Inlet @ $200.00 / EA = $ 400.00 415 3 EA Monument Box @ $350.00 / EA = $ 1,050.00 78165.37 - Exhibit C - Total Project Cost 6/22/2005 Page 3 of 19 ---PAGE BREAK--- 416 2 EA Road Closed and Nine Button Delineators @ $750.00 417 1 EA Relocate Existing Road Closed Signage @ $500.00 418 1 EA Street Name Sign (9-inch) @ $250.00 419 1 LS Traffic Control @ $2,500.00 Subtotal - Streets Total Construction Costs Construction Contingency (10%) / EA / EA / EA / LS = = $ 1,500.00 $ 500.00 $ 250.00 $ 2,500.00 $ 198,749.47 $ 467,611.58 46,761.16 TOTAL COST OF CONSTRUCTION IMPROVEMENTS = $ 514,372.74 Construction & Silt. Administrative Costs $2,500.00 Precreation Documents Sewer & Water Extension Application Fees $116.48 DEQ Sewer & Water Checklist Review Fees $50.00 Erosion Control Permit Fee $900.00 Printing and Production of Plans and Specifications $1,200.00 Preliminary Engineering & Design $23,146.77 Final Design $18,003.05 Construction Management $41,149.82 Quality Control Testing $7,715.59 Geotechnical Report $2,000.00 TOTAL ADMINISTRATIVE COSTS $96,781.71 CONSTRUCTION & ADMINISTRATION SUBTOTAL $611,154.45 78165.37 - Exhibit C - Total Project Cost 6/22/2005 Page 4 of 19 ---PAGE BREAK--- 7-Jun-05 78165.37 EXHIBIT C SID 1368 - ANNANDALE ROAD EXTENSION ENGINEER'S ESTIMATE OF PROBABLE COST ASSESSMENT #1 - WATER IMPROVEMENTS This estimate is based on approximate quantities and costs for improvements, complete in-place. ALL ITEMS ARE COMPLETE IN-PLACE ITEM EST. Total NO. QTY. UNIT DESCRIPTION UNIT PRICE Cost Water 101 1 LS Mobilization and Insurance @ $1,736.84 / LS $ 1,736.84 102 1 LS Misc Water Main Improvements @ $10,000.00 / LS $ 10,000.00 103 25 EA I-inch Water Service @ $850.00 / EA $ 21,250.00 104 1 EA 2-inch Blow-Off Valve @ $750.00 / EA = $ 750.00 105 1 LS Traffic Control During Construction @ $1,000.00 / LS = $ 1,000.00 Raw Construction Costs $ 34,736.84 % Share of Total SID Construction 10.14% Share of SID Construction Contingency 4,741.04 Share of SID Construction Administration Costs 9,812.54 Subtotal $ 49,290.42 Total Units of Assessment #1 21.00 EA Cash Contribution Rater Per Unit (Not Including 2.5% Private Contract Fee) $2,347.16 / EA Total Units to be Assessed for Assessment #1 9.00 EA % Share of SID Bond Administration Costs 10.88% Share of SID Bond Administration Costs $3,579.23 Total Thru Administration Costs 52,869.66 Unit Cost Per Assessment $2,744.86 / EA SID 1368 Creation Bond Analysis and Part III - Exhibit C - Assessment #1 6/22/2005 Page 5 of 19 ---PAGE BREAK--- 7-Jun-05 78165.37 EXHIBIT C SID 1368 - ANNANDALE ROAD EXTENSION ENGINEER'S ESTIMATE OF PROBABLE COST ASSESSMENT #2 - SEWER IMPROVEMENTS This estimate is based on approximate quantities and costs for improvements, complete in-place. ALL ITEMS ARE COMPLETE IN-PLACE ITEM EST. NO. QTY. UNIT DESCRIPTION UNIT PRICE Total Cost Sewer 201 1 LS Mobilization and Insurance @ $3,336.32 / LS = $ 3,336.32 202 1 EA Connect to Existing Sanitary Sewer @ $2,500.00 / EA = $ 2,500.00 203 LF 8-inch Sanitary Sewer Main @ $22.00 / LF = S 29,040.00 204 2 EA 8-inch Sewer Cap @ $50.00 / EA = $ I 00.00 205 5 EA Standard Manhole @ $1,500.00 / EA = S 7,500.00 206 30 VF Extra Depth @ $150.00 / VF $ 4,500.00 207 25 EA 6-inch Sanitary Sewer Service with Cap @ $250.00 / EA = $ 6,250.00 208 625 LF 6-inch Sanitary Sewer Service Pipe @ $20.00 / LF = $ 12,500.00 209 I LS Traffic Control During Construction @ $1,000.00 / LS = $ 1,000.00 Raw Construction Costs $ 66,726.32 % Share of Total SID Construction 19.48% Share of SID Construction Contingency $9,107.11 Share of SID Construction Administration Costs $18,849.00 Subtotal 94,682.42 Total Units of Assessment #2 21.00 EA Cash Contribution Rater Per Unit (Not Including 2.5% Private Contract Fee) $4,508.69 / EA Total Units to be Assessed for Assessment #2 9.00 EA % Share of SID Bond Administration Costs 20.90% Share of SID Bond Administration Costs $6,875.38 78165.37 - Exhibit C - Assessment #2 6/22/2005 Page 6 of 19 ---PAGE BREAK--- Total Thru Administration Costs $ 101,557.80 Unit Cost Per Assessment $5,272.62 / EA 78165.37 - Exhibit C - Assessment #2 6/22/2005 Page 7 of 19 ---PAGE BREAK--- 7-Jun-05 78165.37 EXHIBIT C SID 1368 - ANNANDALE ROAD EXTENSION ENGINEER'S ESTIMATE OF PROBABLE COST ASSESSMENT #3 - STORNI IMPROVEMENTS This estimate is based on approximate quantities and costs for improvements, complete in-place. ALL ITEMS ARE COMPLETE IN-PLACE ITEM NO. EST. QTY. UNIT DESCRIPTION IJNIT PRICE Total Cost Storm 301 1 LS Mobilization and Insurance @ $8,369.95 / LS = $ 8,369.95 302 1 LS Pond Fill @ $5,700.00 / LS = $ 5,700.00 303 120 LF Storm Drain Swale @ $20.00 / LF = $ 2,400.00 304 6,520 CY Excavation (Pond #10 to Greenbriar Road) @ $5.00 / CY = $ 32,600.00 305 165 CY Excavation (Outfall to Pond #10) @ $5.00 / CY = $ 825.00 306 450 SY Grouted River Rock - 6" Cobbles) @ $60.00 / SY = $ 27,000.00 307 1 LS Erosion Control @ $3,750.00 / LS = $ 3,750.00 308 120 LF 36-inch RCP Storm Drain @ $80.00 / LF = $ 9,600.00 309 160 LF 24-inch RCP Storm Drain @ $42.00 / LF = $ 6,720.00 310 1 EA 24-inch RCP Flared End Section @ $500.00 / EA = $ 500.00 311 780 LF 21-inch RCP Storm Drain @ $38.00 / LF = $ 29,640.00 312 180 LF 15-inch RCP Storm Drain @ $27.00 / LF = $ 4,860.00 313 308 LF 12-inch Inlet Pipe @ $23.00 / LF = $ 7,084.00 314 1 EA 12-inch FETS @ $250.00 / EA = $ 250.00 315 1 EA 72-inch Storm Drain Manhole @ $3,500.00 / EA = $ 3,500.00 316 3 EA 60-inch Storm Drain Manhole @ $2,800.00 / EA = $ 8,400.00 317 1 EA 48-inch Storm Drain Manhole @ $2,200.00 / EA = $ 2,200.00 318 7 EA Type III Inlet @ $1,500.00 / EA = $ 10,500.00 319 2 EA Type II Inlet @ $1,500.00 / EA = $ 3,000.00 320 1 LS Traffic Control During Construction @ $500.00 / LS = $ 500.00 Raw Construction Costs $ 167,398.95 Less City of Billings Contributions $ (57,000.00) 78165.37 - Exhibit C - Assessment #3 6/22/2005 Page 8 of 19 ---PAGE BREAK--- ITEM EST. NO. QTY. UNIT DESCRIPTION UNIT PRICE Total Cost Balance Construction Costs $ 110,398.95 % Share of Total SID Construction 32 22% Share of SID Construction Contingency $15,067.74 Share of SID Construction Administration Costs $31,185.75 Subtotal $ 156,652.44 Total Units of Assessment #3 77.00 EA Cash Contribution Rater Per Unit (Not Including 2.5% Private Contract Fee) $2,034.45 / EA Total Units to be Assessed for Assessment #3 26.00 EA % Share of SID Bond Administration Costs 27.25% Share of SID Bond Administration Costs $8,962.39 Total Thru Administration Costs $ 165,614.83 Unit Cost Per Assessment $2,379.15 / EA 78165.37 - Exhibit C - Assessment #3 6/22/2005 Page 9 of 19 ---PAGE BREAK--- 7-Jun-05 78165.37 EXHIBIT C SID 1368 - ANNANDALE ROAD EXTENSION ENGINEER'S ESTIMATE OF PROBABLE COST ASSESSMENT #4 - STREET IMPROVEMENTS This estimate is based on approximate quantities and costs for improvements, complete in-place. ALL ITEMS ARE COMPLETE IN-PLACE ITEM EST. NO. QTY. UNIT DESCRIPTION UNIT PRICE Total Cost 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 1 5,377 3,593 2,640 46 2 2 4,000 8,500 1,065 69 3 4 2 3 2 1 1 1 LS CY CY LF SF EA EA SF SF TN TN EA EA EA EA EA EA EA LS Streets @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ $9,937.47 $5.00 $17.00 $9.50 $6.00 $600.00 $750.00 $6.00 $0.12 $28.00 $150.00 $200.00 $200.00 $200.00 $350.00 $750.00 $500.00 $250.00 $2,500.00 / LS = / CY = / CY = / LF = / SF = / EA = / EA = / SF = / SF = / TN / TN = / EA = / EA = / EA / EA = / EA / EA = / EA = / LS = $ $ 9,937.47 26,885.00 $ 61,081.00 $ 25,080.00 $ 276.00 $ 1,200.00 $ 1,500.00 $ 24,000.00 $ 1,020.00 $ 29,820.00 $ 10,350.00 $ $ 600.00 $ 480000..0000 $ 1,050.00 $ 1,500.00 $ $ 255000..0000 $ 2,500.00 $ 198,749.47 $ (68,000.00) Mobilization and Insurance Unclassified Excavation 1 1/2-inch Base Gravel Standard Curb & Gutter 3-Foot Wide Double Gutter Curb Return Fillet HC Ramps 6-inch Thick Drive Approach Seeding of Select Disturbed Areas Asphalt (3-inch Thick) Asphalt Oil Adjust Manhole Adjust Valve Adjust Inlet Monument Box Road Closed and Nine Button Delineators Relocate Existing Road Closed Signage Street Name Sign (9-inch) Traffic Control Raw Construction Costs Less City of Billings Contributions 78165.37 - Exhibit C - Assessment #4 6/22/2005 Page 10 of 19 ---PAGE BREAK--- ITEM EST. NO. QTY. UNIT DESCRIPTION UNIT PRICE Total Cost Balance Construction Costs $ 130,749.47 % Share of Total SID Construction 38.16% Share of SID Construction Contingency $15,067.74 Share of SID Construction Administration Costs $31,185.75 Subtotal $ 177,002.96 Total Units of Assessment #4 21.00 EA Cash Contribution Rater Per Unit (Not Including 2.5% Private Contract Fee) $8,834.72 / EA Total Units to be Assessed for Assessment #4 9.00 EA % Share of SID Bond Administration Costs 40.96% Share of SID Bond Administration Costs $13,472.23 Total Thru Administration Costs $ 190,475.19 Unit Cost Per Assessment $10,331.64 / EA 78165.37 - Exhibit C - Assessment #4 6/22/2005 Page 11 of 19 ---PAGE BREAK--- g- o o C,j1, o < ° rc., 0 m < 9 2 3: it 2 2 m m :9 > TABLE OF ESTIMATED ASSESSMENTS PER ITEM n o • c o n 9 0 2 0 m 2 2 n c n 2 0 • m m 4 rri • o Pi • r n 2 • - o 2 "Li 2 2 2 o n 2 o c - 9 0 n • H n > c, c • o vi • 0 9-3 m z p cig cc t.1 t=1 tim Of IItIIIIXa eS ---PAGE BREAK--- EXHIBIT E SID 1368 Annandale Road SID PROJECT DESCRIPTION Special Improvement District No. 1368 shall construct the following improvements to Annandale Road. Annandale Road — Greenbriar Road to Cherry Hills Road 1) Construction of street, curb, gutter, sanitary sewer, and water improvements. 2) Construction of storm drain improvements including the construction of a storm drain collection pond on Lake Hills Golf Course. ---PAGE BREAK--- 7-Jun-05 78165.37 EXHIBIT F SID 1368 - ANNANDALE ROAD EXTENSION Water, Sanitary Sewer, Storm Drain, and Street Improvements SID PAY-OFF + ESTIMATED TAX I.D. PREVIOUS DELINQUENT + ESTIMATED MARKET VALUE NUMBER PREVIOUc SID SID 1368 SID 1368 MARKET AFTER 6-13 SID # PAY-OFF DELIN UENT ASSESSMENT ASSESSMENT VALUE IMPROVEMENTS A22545 $0.00 $0.00 $17,725.02 $35,450.04 $2,029.00 $19,754.02 A22546 $0.00 $0.00 $17,725.02 $35,450.04 $2,029.00 $19,754.02 A22547 $0.00 $0.00 $17,725.02 $35,450.04 $2,029.00 $19,754.02 A22548 $0.00 $0.00 $17,725.02 $35,450.04 $2,029.00 $19,754.02 A22549 $0.00 $0.00 $20,728.26 $41,456.53 $2,029.00 $22,757.26 A22550 $0.00 $0.00 $17,725.02 $35,450.04 $2,029.00 $19,754.02 A22551 $0.00 $0.00 $17,725.02 $35,450.04 $2,354.00 $20,079.02 A22552 $0.00 $0.00 $17,725.02 $35,450.04 $1,963.00 $19,688.02 A22553 $0.00 $0.00 $11,725.02 $35,450.04 $2,029.00 $19,754.02 A22554 $0.00 $0.00 $20,728.26 $41,456.53 $2,029.00 $22,757.26 A22555 $0.00 $0.00 $20,728.26 $41,456.53 $2,029.00 $22,757.26 A22556 $0.00 $0.00 $2,034.45 $4,068.89 $1,922.00 $3,956.45 A22558 $0.00 $0.00 $20,728.26 $41,456.53 $2,003.00 $22,731.26 A22559 $0.00 $0.00 $17,725.02 $35,450.04 $1,973.00 $19,698.02 A22560 $0.00 $0.00 SI 7,725.02 $35,450.04 $1,944.00 $19,669.02 A22561 $0.00 $0.00 $17,72 $35,450.04 $1,915.00 $19,640.02 A22562 $0.00 $0.00 $20,728.26 $41,456.53 $1,886.00 $22,614.26 A22563 $0.00 $0.00 $20,728.26 $41,456.53 $1,857.00 $22,585.26 A22564 $0.00 $0.00 $20,728.26 $41,456.53 $2,083.00 $22 811 26 A22565 $0.00 $0.00 $17,725.02 $35,450.04 $1,920.00 $19,645.02 A22566 $0.00 $0.00 $20,728.26 $41,456.53 $2,164.00 $22,892.26 A22567 $0.00 $0.00 $20,728.26 $41,456.53 $2,403.00 $23,131.26 A22568 $0.00 $0.00 $2,379.15 $4,758.31 $2,216.00 $4,595.15 A22569 $0.00 $0.00 $2,379.15 $4,758.31 $1,932.00 $4,311.15 A22570 $0.00 $0.00 $2,379.15 $4,758.31 $2,044.00 $4,423.15 A22571 $0.00 $0.00 $2,034.45 $4,068.89 $1,918.00 $3,952.45 A22572 $0.00 $0.00 $2,379.15 $4,758.31 $1,824.00 $4,203.15 A22585 $0.00 $0 00 $2,379.15 $4,758.31 $2,251.00 $4,630.15 A22586 $0.00 $0.00 $2,034.45 $4,068.89 $1,918.00 $3,952.45 A22587 $0.00 $0.00 $2,379.15 $4,758.31 $1,918.00 $4,297.15 A22588 $0.00 $0.00 $2,034.45 $4,068.89 $1,918.00 $3,952.45 A22599 $0.00 $0.00 $2,034.45 $4,068.89 $2,253.00 $4,287.45 A22600 $0.00 $0.00 2 034.45 $4,068.89 $2,141.00 $4,175.45 A2260I $0.00 $0.00 $2,034.45 $4,068.89 $2,141.00 $4,175.45 A22602 $0.00 $0.00 $2,034.45 $4,068.89 $2,141.00 $4,175.45 A22603 $0.00 $0.00 $2,034.45 $4,068.89 $2,029.00 $4,063.45 A22604 $0.00 $0.00 $2,034.45 $4,068.89 $2,029.00 $4,063 45 A22605 $0.00 $0.00 $2,379.15 $4,758.31 $1,918.00 $4,297.15 A22606 $0.00 $0.00 $2,034.45 $4,068.89 $1,918.00 $3,952.45 A22607 $0.00 $0.00 $2,034.45 $4,068.89 $2,165.00 $4,199.45 A22608 $0.00 $0.00 $2,034.45 $4,068.89 $2,481.00 $4,515.45 A22609 $0.00 $0.00 $2,034.45 $4,068.89 $2,347.00 $4,381.45 A22610 $0.00 $0.00 $2,379.15 $4,758.31 $2,227.00 $4,606.15 A22611 $0.00 $0.00 $2,034.45 _ $4,068.89 $2,488.00 $4,522.45 SID 1368 Creation Bond Analysis and Part III - Exhibit F 6/22/2005 Page 13 of 19 ---PAGE BREAK--- SID PAY-OFF + ESTIMATED TAX I.D. PREVIOUS DELINQUENT + ESTIMATED MARKET VALUE NUMBER PREVIOUS SID SID 1368 SID 1368 MARICET AFTER 6-13 SID # PAY-OFF DELINQUENT ASSESSMENT ASSESSMENT VALUE IMPROVEMENTS A22612 $0.00 $0.00 S 034.45 $4,068.89 $2,017.00 $4,051.45 A22613 $0.00 $0.00 $2,379.15 $4,758.31 $2,025.00 $4,404.15 A226I4 $0.00 $0.00 S2 034.45 $4,068.89 $2,141.00 $4,175.45 A22615 $0.00 $0.00 S2,034.45 $4,068.89 $2,141.00 $4,175.45 A22616 $0.00 $0.00 $2,379.15 $4,758.31 $2,141.00 $4,520.15 A22617 $0.00 $0.00 $2,379.15 $4,758.31 $2,141.00 $4,520.15 A22618 $0.00 $0.00 $2,034.45 $4,068.89 $2,141.00 $4,175.45 A22619 $0.00 $0.00 $2,034.45 $4,068.89 $2,141.00 $4,175.45 A22620 $0.00 $0.00 034.45 $4,068.89 $2,141.00 $4,175.45 A22621 $0.00 $0.00 V 034.45 $4,068.89 $2,258.00 $4,292.45 A22622 $0.00 $0.00 S2 034.45 $4,068.89 $2,259.00 $4,293.45 A22623 $0.00 $0.00 S2 034.45 $4,068.89 $2,141.00 $4,175.45 A22624 $0.00 $0.00 $2,034,45 $4,068.89 $2,141.00 $4,175.45 A22625 $0.00 $0.00 $2,379.15 $4,758.31 $2,141.00 $4,520.15 A22626 $0.00 $0.00 $2,034.45 $4,068.89 $2,141.00 $4,175.45 A22627 $0.00 $0.00 $2 034.45 $4,068.89 $2,141.00 $4,175.45 A22628 $0.00 $0.00 2,034.45 $4,068.89 $2,141.00 $4,175.45 A22629 $0.00 $0.00 $2,379.15 $4,758.31 $2,141.00 $4,520.15 A22630 $0.00 $0.00 $2,034.45 $4,068.89 $2,329.00 $4,363.45 A22631 $0.00 $0.00 $2,379.15 $4,758.31 $2,119.00 $4,498.15 A22236 $0.00 $0.00 $ 034.45 $4,068.89 $2,141.00 $4,175.45 A22237 $0.00 $0.00 $2 034.45 $4,068.89 $2,418.00 $4,452.45 A22238 $0.00 $0.00 $2,9 ,4 $4,068.89 $2,426.00 $4,460.45 A22240 $0.00 $0.00 $2.034.45 $4,068.89 $2,141.00 $4,175.45 A22241 $0.00 $0.00 $2 0 .4 $4,068.89 $2,418.00 $4,452.45 A22242 $0.00 $0.00 034.45 $4,068.89 $2,422.00 $4,456.45 A22243 $0.00 $0.00 $2,379.15 $4,758.31 $2,420.00 $4,799.15 A22244 $0.00 $0.00 $2,379.15 $4,758.31 $2,418.00 $4,797.15 A22245 $0.00 $0.00 $2,034.45 $4,068.89 $2,141.00 $4,175.45 A22235 $0.00 $0.00 $2 034.45 $4,068.89 $2,242.00 $4,276.45 A22239 $0.00 $0.00 S2 034.45 $4,068.89 $2,242.00 $4,276.45 A22246 $0.00 $0.00 $2,034:45 $4,068.89 $2,029.00 $4,063.45 A22598 $0.00 $0.00 $2,379.15 $4,758.31 $2,299.00 $4,678.15 Note: Delinquent taxes are reported as of Areas that are shaded represent cash contributions. SID 1368 Creation Bond Analysis and Part III - Exhibit F 6/22/2005 Page 14 of 19 ---PAGE BREAK--- A 40 - 41 A 42 A 53 - 58 A 73 - 78 7 Assessment #5 8 Assessment #6 9 Assessment #7 TOTAL PROJECT COST 227,000.00 FINAL PENDING FIRST YEAR TO BE ASSESSED: TYPE ASSESSMENT: INTEREST RATE: CITY CENTRAL SUPPORT SERVICES TO COMPLETE BOND ISSUE DATE: DATA PROCESSING CARDS COLS A&B 2 - 5 A 6 - 39 A 59 - 60 A 61 - 71 A 89 - 96 DATE: June 22, 2005 S.I.D. NUMBER: 1368 S.I.D. DESCRIPTION: Water, Sanitary Sewer, Storm Drain, and Street Improvements for the Extension of Annandale Road in Lake Hills Subdivision, 13th Filinq YEARS TO BE ASSESSED: 15 TOTAL S.I.D. AREA: N/A MEASUREMENT: X EA SF LF S.I.D. COSTS: X ESTIMATED PER CONCEPT PLANS ESTIMATED PER BID PRICE FINAL PER ACTUAL CONSTRUCTION S.I.D. MAIN IMPROVEMENT COST: $227,000 00 SPECIAL ADDITIONS: CODE Quanfity Unit Cost Total 1 Curb & Gutter 2 Drive Approach 3 Assessment #1 9.00 $ 2,744.8555 $ 24,703.70 4 Assessment #2 9.00 $ 5,272.6178 $ 47,453.56 5 Assessment #3 26.00 $ 2,379.1545 $ 61,858.02 6 Assessment #4 9.00 $ 10,331.6359 $ 92,984.72 (ALL COSTS TO INCLUDE PRORATA SHARE OF ADMINISTRATIVE COSTS) CITY OF BILLINGS, MONTANA SPECIAL IMPROVEMENT DISTRICT ASSESSMENT DATA PART TWO SID 1368 Creation Bond Analysis and Part III 6/22/2005 Page 15 of 19 ---PAGE BREAK--- NOISIALITHIIT ▪V r: r 3 3 • ; c ▪ n E 5 0 - Zn 4 n„ r 5 4> > ; E 0 z 40. G2E L. I cr 1- 5 8 GGi2 s 11 < n8 TABLE OF ESTIMATED ASSESSMENTS PER PROPERTY t — — SID 1368 - ANNANDALE ROAD EXTENSION 5 5 9 tki w 3 el° 4m 3 " < >m m < > m r • m 5 5 9 1;1 4 P, s 2 x < 4 3 z m 4La • l 4rm c 4 2 ; 0 < 2 g, g r m=3 g I 41 42 1 40 I 38 39 136 37 L34 35 32 33 136 31 I 28 29 27 124 26 I_ 23 24 121 22 19 20 to 1 16 - r 4 Go G rake Hills Subdivision, 14di Lake Hills Subdivision, 14th Fil ing ILA& Hills S ubdivision, 14th Fil ing 'Lake Hill s S ubdivision, 14th Filing Lake Hills Subdivision, 14th Filing ILake Hills Subdivision , 14th Fil ing Lake Hills Subdgasion , 14th F il ing ILake Hills Subdivision, 15th Filing Lake Hills Subdassion, 14th Filing Lake Hills Subdivision, 15th Filing Lake Hill s Subdivision, 15th Filing rake Hills Subdivision, 14th Filing Lake Hills Subdonsia& 14th Filing rake Hil ls Subdivision, 14th Filing Lake Hills Subdivision, 14th Filing & Lake Hills Subdivision, 14th Ildke Hills Subdivision, 13 th Filing Lake Hills Subdivision, 13 th Filing_ 'Lake Hills Subdivision, 13 th Filing Lake Hills Subdmi sion, 13 th Filing ILake Hills Subdivision, 13 th Filing Lake Hills Subdivision, 13 th Filing Lake Hills Subdivision, 13 th Filing Lake Hills Subdivision, 13 th Filing Lake Hills Subdivision, 13 th Filing Lake Hills Subdivision, 13 th Filing 'Lake H ills Subdivision, 13 th Filing ILake Hills Subdivision, 13 th Filing ILake Hills Subdivision, 13th Filing rake Hills S ubdivision, 14th Filing Lake Hills Subdivision, 13 th Filing ILake Hills S ubdi vision, 13 th Filing! Idake Hills Subdi vision, 13 th Filing! rake lids S ubdivision, 13th Filing ! Lake Hills S ubdivision, 13th i Lake Hills Subdivision, 13 th Filing] Lake Hills Subdivision, 13th Filing! 1Lake Hills Subdivision, 13th Fil ing Lake Hills S ubdivision, 13th Fili ng Lake Hills Subdivision, 13 th Filing Lake Hills S ubdivision, 13th Filing Lake Hills Subdivision, 13th Fil ing I 46 46 I 46 I 46 46 I 46 46 I 46 46 46 46 I 46 46 I 46 46 45 I 45 45 I 45 45 I 45 45 45 45 45 45 1 46 I 45 1- 45 I 44 45 44 44 44 44 44 44 I 44 44 44 I 44 44 I 24 25 I 23 I 222' 4 I :87 4 . • . . - 16 & 16A I_ :48 . . I 'a , . , . > a 6 • wt z's,000 -I > a A22608 A22609 A22607 A22605 A22606 A22603 422604 A22601 A22602 A22599 422600 A22587 A22588 984ZZY F8SZZY A22572 A22570 422571 69cing 894ZZV A22566 422567 422564 A22565 194ZZY Z9SZZV A2256 I A22560 I_ A22559 Il 95 A22554 A22555 A22552 A22553 A22550 A22551 A225 49 A 547 A22548 9tGZZ1/2! 0 00 0 00 0 00 0 00 0 00 0 00 0 00 0 00 0 00 0 00 0 00 coo 888 0 00 ; ; ;8 130 00 150 00 147 85 132 70 120 00 120 00 120 00 120 OD 120 00 120 00 120 00 120 00 120 00 113 46 120 00 120 00 148 61 120 00 120 00 120 00 120 00 120 00 19,277 17,831 15 ,360 13 ,200 13,200 14,400 13,200 15 ,600 15,600 16,816 15,600 13,200 13 ,200 16,788 13,200 13,212 13 ,200 13,200 550f1 -1 8 11491 I 15,855 18,431 14,976 13 ,221 12 ,857 12,543 13 ,172 13 ,486 13,798 14,400 14,400 13,683 14,400 14,400 17,90 1 14 ,400 ! 14400 14,400 , 14,400 14 ,400 — — - - - o oo 0.00 I 0 00 I o.00 0 00 I a" 0 00 osio I 0.00 I 0 00 0 00 0.00 r 0.00 o.00 I 0.00 0 00 0 . 88 I 0 00 ; 0 00 0 OD 0 00 ; 1 00 1 00 ; 0 00 0 00 1 00 0 00 0 00 0 00 0 00 SO 00 SO 00 SO 00 SO 00 $0 00 SO 00 $0 00 $0 00 $0 00 $0 00 SO 00 so 00 so 00 $0 00 $0,00 $0,00 $0.00 00 $0.00 $0.00 $2,744.86 $2,744.86 $2,700 86 SO 00 $2,744.86 $2,744.86 $0 00 $0.00 $0 00 $0 00 $2,744 86 $2,744.86 $2,744.86 $0 DO $0 00 $0 00 $0.00 1-$2,744 86 SO 00 1 SO 00 ! rr 88 . t> . t> 000 0 00 I 0 00 osio I 0 00 000 I 0.00 o oo I 0 00 I 0 00 0.00 I o.00 0.00 o.00 0 00 0 00 ; ; ; ; I 1.00 ; I 0 00 I 000 I 0 00 ; ; ; ; ; I 1 00 0 00 0 00 s000 I SO 00 I SO 00 $0 00 $0 00 $0 00 TO 00 $0 00 $0 00 $0 00 SO 00 $0 00 $0 00 $0 00 $0 00 1 $0 00 $0 00 $0,00 $0 00 $0,00 $5,272.62 $5,272.62 $5,272 62 $0 00 $5,272,62 $5,27262 r$000 SO 00 $0.00 $0.00 $5,272.62 $5,27262 $5,272,62 $0.00 $0 00 $0 00 SO 00 I $5,27262 $0 00 SO 00 SO 00 SO 00 > o.00 0.00 I 0.00 [ oo I 0,00 000 0 00 r 000 I 0 00 0 00 oo 0 00 oo 0 00 1 1 00 1 oo 0 00 oo I 1 .00 1 .00 0.00 1 00 =CM I 0 00 11 0 00 I 0 00 ; ; ; ; ; 1 1 00 ; ; ;8 SO 00 SO 00 SO 00 $2,379 15 $0 00 SO 00 $0 00 SO 00 $0 00 $0 00 $0 00 $2,379 15 $0 00 $2,379 15 SO 00 $2,379 15 $2,379 15 $0 00 $2,379.15 $2,379.15 $2,379 15 $2,379,15 $2,379.15 $0.00 $2,379 15 $2,379 15 1 $0,00 1 $0 00 $0 00 $0,00 $2,379.15 $2,379 15 $2,379 15 $0.00 $0.00 $0.00 $0.00 I $2,37915 $0 00 $0 00 $0.00 $0 00 a a a a a a a a a 0 00 0 00 0 00 0 00 0 00 0 00 0 00 0,00 0 00 0,00 0 00 0 00 000 0 00 0,00 0,00 0,00 0.00 0,00 0 00 1 .00 1 00 0,00 oo =EMI 0,00 0.00 0 00 0 00 1.00 1.00 =CM 0 00 0 00 0.00 0 00 1.00 ; SO OD $0 00 SO 00 SO 00 SO 00 SO 00 SO 00 SO 00 SO 00 SO 00 SO 00 $0 GO SO 00 SO 00 $0 00 SO 00 $0 00 $0 00 I ao oo so oo $10,33 1 64 $10,331 64 $10,331 64 SO 00 $10,331 64 $10,33164 SO 00 $0 00 $0 00 $0 00 $10,33164 $10,331 64 $10,331 64 $0 00 $0 00 $0 00 $0 00 $10,33164 SO 00 $0,00 $0 00 $0.00 I SO 00 I $0 00 SO 00 $2,379 15 SO 00 SO 00 SO 00 SO 00 SO 00 SO 00 SO 00 $2,379 15 SO 00 $2,379 15 SO 00 52,379 15 $2,379 15 SO 00 $2,379 15 EMIR S20,728 26 S20,728 26 $20,728 26 SO 00 S20,728 26 520,728 26 $0 00 SO 00 $0 00 $0 00 $20,728,26 $20,728 26 $20,728 26 $0.00 $0.00 $0 00 SO 00 $20,728 26 $0 00 TO 00 $0 00 $0,00 ---PAGE BREAK--- P. NOISIAIGEMS ;cc r44 s A M A 9 A A r;i; rmn ;G5' njln 0—r m cn A A 0 n z 0 2 r 2 rig 9 9 0 n 8 0 co, cm <4 22 2E ;14 ez 4A m. zca rm cm mm 0 zr ,g >m r5; gqg s *42' 2y 52 qrY, —tm irn) m4 om g4 41 m. Cs > ER mm n8 o-i I 75 76 I 73 74 I 7 1 I 72 69 70 ki 67! 68 I 65 ! 66 1 I 63 64 I I 61 1 62 I 60 58 I 56 57 I 54 55 53 50 51 49 I 46 47 44 I 43 1 Lake bfills Subdi Vi sion, 15th Filing rake Hills Subdivision, 15th Filing Lake Hills Subdivision, 15di Filing rake Hills Subdivision, 15th Filing Lake Hills Subdivision, 15th Filmg rake Hills SubdiHsion, 15th Filing Lake Hills Subdivision, 15th Filing! Lake Hills Subdivision, 15th Sum! Lake Hills Subdivision, 15di Filing Lake Hills Subdivision, 15th Filing: Lake Hills Subdivision, 15di Filing rake Hills Subdivision, 15th Elam: Lake HIM Subdivision, 15th Filing rake Hills SubdiHsion, 1 4th Filing 1 Lake Hills Subdivision, 14th Filing : ILake Hills Subdivision, 14ds lbake Hills Subdivision, 14d, Filinsi ILake Hills Subdivision, 14di Filing Lake Hills Subdivision, 14di Filing Lake Hills Subdivision, 14th Filing Lake Hills Subthvision, 151h Filing Lake Hills Subdivision, 15th Filing Lake Hills Subdivision, 15th Filing Lalse Halls Subdivision, 15th Filing lake Hills Subdivision, 15th Filing Lake Hills Subdivision, 15th Filing Lake Hills Subdivision, leth La.ke Hills Subdivision, 14th H um Lake Hills Subdivision, 14th Filing Lake Hills Subdivision, 14th Filing Lake Hills Subdivision, 1 eth Lake Hills Subdivision, 14th Filing Labe Hills Subdivision, 14th Filing Lake Hills Subdivision, 14th Filing Ilake Hills Subdivision, 14th Filing 1 7.15,7 w; I 47 47 47 1 07 47 7 47 47 1 47 47 47 47 47 47 47 47 47 47 46 I 46 1 I to,— I 7, 0, a 18.7)w ; t , 27 I 26 1 A22239 A22246 A22205 A22235 A22243 A22244 A2224I A22202 I A22238 A22240 A22236 A22237 I E9ZZV 0E9ZZV A22628 A22629 A22627 9Z9ZZV SZ9ZZV A22623 A22624 ZZ9ZZV 1Z9ZZY OZ9ZZV 619ZZV 8 19ZZV L19ZZV 919ZZV 1 S19ZZV 0 19ZZV €19ZZV MOEN I A22610 1 6.0.0 g 120 00 0 00 0 00 120 00 120 00 0 00 0 00 0 00 159 41 130 00 120 00 120 00 1 20 00 120 00 120 00 120 00 120 00 0 00 129 94 0 00 0 00 0 00 0 00 0 00 0 00 0 00 0.00 166 69 0 00 I 10650 67111. 16,694 16,694 15,600 16,694 18,620 18,600 18,600 18,642 18,679 15,600 15,600 18,600 17,633 15,372 15,600 15,600 15,600 15,600 15,600 16,853 , 16,879 15,600 15,600 ! 15,600 15,600 15,600 15,600 14,358 15,600 19,355 MIME I 16,530 . 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Pan sill Lake Hills Subdivision. 14th Filing v • • e I k ;JO" nap d 146t h: linag vuosiuma " 1 Lake Hills Subdivision, 14th Filing keve vino vuouissun um , irk Lake Hills Subdivision, 14111 Lake Hills Subdivisi • 14th hr Lake Hills Subdivision, 13th Filing Lake Hilts Subdivision, nth Filing • " " • " ' rue num huocuvraon, tam rung Lake Hills Subdivision, 13th Filing ILake Hills Subdivision 13th Filing 'Lake Hills Subdi vision, 13th Elting ' Lake Hills Subdivision, 13 1.6 Filing ' Lake Hilts Subdivision, 13th Filing ILake Hills SubdivisioN 130i Film 1111:1 Ins Sauubdipwvivis'ior s'n' Ij 4ithrn Lake H ills Subdivision, 13 th Filing !Lake Hi lls Subdivision, 13M Filing Lake Hills Subdivision, 13111 Filing Lake Hills Subdivision, 1 3th Filing 'Lake Hills Subdiusion, 13 th Filing Lake H ills Subdivision, 13 th Filing 1Lakc Hills Subdivision, 13th Filing ILaks Hills Subdivision. 13 th Filing Lake Hills Subdivision, 13th Filtng Lake Hills Subdivision, 130t Lake Hills Subdivision, Uth Filing 47 1 47 _ 44: I 446° I " I 16 ; I 41 I 46 07 45 =SIM 45 I 45 I 45 L .45 H45_ 44 45 44 44 44 t 44 44 1 44 444 44 26 I, 27 I r, 22 23 17 16E2 16A I 9 10 11 A22612 A22613 A22610 I. A22611 I A2.260/ A226(0 A22606 I A22607 ALLOW I A22604 A22605 A22601 I A22602 A22515 A22586 A22587 A22588 A22599 A22600 J A22572 A22569 A22570 A2257I A22566 A22567 A22568 A22552 A22553 A22554 A22555 A22556 A22 551 A22559 A22560 A225 61 A22562 A22563 A22564 A22565 A22550 A225 5I 1 A22549 A22547 A22548 A22545 A22546 88 146 50 166.69 0.00 0.00 ;82 0.00 0 DO 0 00 0.00 0.00 0.00 0 00 0 00 0,00 88 0 00 90 44 0 00 0.00 0 00 0.00 0 00 888 120.00 148 61 11 3.46 120 00 120 DO 120,00 120.00 120,00 1 20.00 120.00 120.00 120.00 120 00 147,15 132.70 130.00 150.00 0.00 120 00 120,00 120,00 120.00 120 00 15,600 I 16 30 19 355 14 272 11.111 sa =NE /3 ,200 15,360 19,277 17,83 1 14,400 I 13,200 13 ,200 I MI HMI 14,400 17,901 1 13 ,683 14,400 1 14,400 14,40D 13,246 14,113 13 ,798 1 13,486 1 13,172 1 2,857 12,543 14,976 13,221 15,855 1 8,431 16,418 13,355 13,200 13,200 13,212 16,788 13,200 13,200 1 3 ,200 16,816 1 5,600 15,600 15,600 14 .400 I 14 400 IIIICEM I , 14,400 1 .8 14,400 ' 0 00 I 0.00 0,00 0.00 0 00 I 0,00 0 00 0.00 " 0.00 I 0.00 0 00 11H""11' I 00 0 00 0.00 0.00 0.00 1 .00 1.00 1.00 0 .00 ° 0.00 1 .00 0.00 0.00 0.00 0 00 0.00 0.00 0 .00 0.00 0.00 0.00 0.00 0.00 0 .00 0 .00 0.00 0 DO 1,00 1 00 $0.00 I I $0.00 SO 00 50.00 88 i 50,00 50.00 $0.00 $0.00 $0.00 SO DO SO 00 ::::Hmin 111"' 11 mum --Am S2,347,16 2 S2,347,16 2 $0,00 $0.00 $0.00 $0.00 $2,347.16 2 $2,347.16 2 $2,347.16 2 $0,00 $0.00 $0.00 $2,347,16 2 30.00 30,00 $0,00 50.00 $0.00 $0.00 $0,00 $0.00 $0,00 $0.00 50.00 $0,00 $0,00 $0.00 I $2,347.16 I 2 $2,347 16 2 1 SO 00 I " - $2347-16 2 ESEIFAILI 2 $2,347,16 2 $2,347.16 2 G 00 I orio ( 0.00 0.00 goo I : 14 i 111882 1 00 1.00 I 00 0 00 0.00 0.00 0.00 1 .00 1 .00 0.00 0.00 0.00 1 .00 000 0 00 0.00 0.00 0.00 0.00 000 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 00 000 L 0 00 8g 1.00 1,00 30 00 I 3 [ i i 50.00 $0.00 3 $0.00 3 50,00 “ $0.00 3 50,00 50,00 3 $0.00 I 3 r 30,00 3 $0.00 3 SD 00 i Hill W.00 $0.00 $0.00 50,00 $0.00 SO.00 $0.00 $0,00 $0.00 $0.00 $0.00 $0.00 $4,508 69 S4,508 69 $4,508,69 $4,508 69 $0.00 $0-00 $0.00 $0.00 $4,508.69 $4,508 .69 $4,508.69 . 50.00 $0.00 S0.00 54,508.69 $0,00 SO 00 $0.00 _ S110 $4,108 .69 S4,508,69 ' 347508". 69 1 54,508 69 - I ( :Hili oa MHZ 0.00 0.00 1 00 0 00 0.00 1 .00 0.00 I 00 1 .00 1 00 1 .00 1 00 1 00 I 00 0 00 Hili grniii8 1.00 1.00 1 00 I CO 0.00 0.00 1 ,00 0.00 I 00 1.00 1 .00 0 00 0.00 0.00 I 00 0.00 0 00 0.00 HM O 88 Illu:1001 11 I 1 00 52,034.45 $000 12 034,45 S2034,45 $0.00 12 ,034,45 $ 034,45 $2.034.45 $2,034 45 I 1 r li IM Ifs $0.00 50.00 32,034,45 50-00 50.00 $2,034 .4 5 50.00 $2,034,45 32,034.45 52,034.45 $2,034.45 • $2,034,45 $2,034A5 $2,034.45 30 .00 al 1 I aaa Ma -a $2,034.45 4 $2,034.45 4 $2 ,034 .45 4 52,034,45 4 $000 $0,00 $2,034.45 50.00 32,034.45 4 $2,034.45 4 52,034,45 4 30.00 50.00 $0.00 $2,034.45 4 SO00 S0.00 $0.00 1 SG 00 I a $ 0 4 45 4 $2 034 45 4 vALUE rUDE $2,034 45 32.034 45 4 0.00 0 00 0 00 0 00 0 00 0 00 0 00 0 00 0,00 0.00 0.00 0.00 0.00 0.00 0 00 0 00 0.00 0.00 0 .00 0,00 0.00 0.00 0 00 1.00 1.00 I 00 1.00 0.00 0.00 0 00 0.00 1 .00 1 .00 1 00 0.00 0,00 0.00 I 00 0 00 0.00 0.00 11 -11 - 11 88 1 QUAN1111 1 .00 1 011 S0.00 $0 00 $0.00 SO-00 SO 00 - - - $0 DO SO 00 SO 00 Srrn 10 $0 .00 $0 .00 $0.00 $0.00 $0.00 $0.00 $0 .00 50 00 10.00 S0.00 $0,00 $0.00 50 00 S0.00 %A All $8 ,1134 72 18,834,72 $8,834.72 $8,834.72 $0.00 SO 00 TO 00 30 00 58,834.72 $8,834.72 $(1,834 72 $0.00 $0.00 50,00 58,834 72 $0 00 $0.00 $0.00 Una $8,834 72 tR R14 72 VALUE 58,830.72 tR -n $2,034,45 10.00 $2,034.45 $2,034.45 SO 00 $2,034 45 $2,034 45 <7 Old al -s2-r ,I:45 t $0.00 $0.00 $2,034 .45 S0.00 $0.00 $2,030 45 SO 00 52,034 .45 $2,034.45 $2,034.45 $2,034 .45 S2,034.45 $2,034 45 52,034 .45 sit nn $17,725,02 $0.00 $0.00 30.00 38 517,725 .02 $ 17,725 .02 $17,725 .02 3 17,725,02 $0.00 $0 00 $2,034 45 SO 00 $17,725.02 S17,725 .02 3 17,725 02 I „ S17,725 02 tl 7 /75 0/ $4597 $0 00 $45 97 $45 97 tit no $4 5 97 345 97 ;11;1 03 gg4 Q 3 3 Thr, gg vogR 8 o';,v aNt. > < R=g RE 26 511 > Tr; ga ggg ---PAGE BREAK--- 7-Jun-05 78165.37 RECOMMENDED BONDING COST ANALYSIS SID 1368 - ANNANDALE ROAD EXTENSION Water, Sanitary Sewer, Storm Drain, and Street Improvements SID CONSTRUCTION COSTS $ 514,372.74 ADMINISTRATION COSTS PRE-CREATION DOCUMENTS $2,500.00 SEWER & WATER EXTENSION APPLICATION FEES $116.48 DEQ SEWER & WATER CHECKLIST REVIEW FEES $50.00 EROSION CONTROL PERMIT FEE $900.00 PRINTING AND PRODUCTION OF PLANS AND SPECIFICATIONS $1,200.00 PRELIMINARY ENGINEERING & DESIGN $23,146.77 FINAL DESIGN $18,003.05 CONSTRUCTION MANAGEMENT $41,149.82 QUALITY CONTROL TESTING $7,715.59 GEOTECHNICAL REPORT $2,000.00 POSTING & BONDING - ADVANCE COSTS ($4.50 PER TAX CODE) $0.00 SUBTOTAL ADMINISTRATION COSTS 96,781.71 SUBTOTAL PROJECT COSTS $ 611,154.45 LESS CONTRIBUTIONS CITY OF BILLINGS $ (125,000.00) RON S. HILL $ (292,043.67) PROJECT COSTS TO BE APPLIED TO SID $ 194,110.77 SID COSTS ADMINISTRATION / FINANCE FEES 5,675.00 ENGINEERING FEE 7,945.00 SID REVOLVING FUND 11,350.00 BOND DISCOUNT FEE 4,540.00 LEGAL FEES 3,859.00 ROUNDOFF (479.77) TOTAL BONDING COST $ 227,000.00 BONDS AWARDED TO: INTEREST RATE DATE BONDS ISSUED: BONDS @ $ TOTAL ISSUE $ PREMIUM $ BONDS TO BE PAID ANNUALLY COMMENCING JANUARY I, AND SHALL MATURE JANUARY 1, APPROVED THIS DAY OF 20 . ENGINEER FOR THE DISTRICT DIRECTOR OF FINANCE CITY ENGINEER