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RESOLUTION NO. 09-i 8835 A RESOLUTION LEVYING AND ASSESSING ARTERIAL CONSTRUCTION FEES FOR PROPERTIES WITHIN THE CITY OF BILLINGS, PROVIDING FOR NOTICE, HEARING AND FINAL ADOPTION WHEREAS, the Billings, Montana City Code did estabiish the rate table for A¡terial Construction Fee assessments; and WHEREAS, extension of these charges have been made on individual properties to be assessed annually. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COT]NCIL OF THE CITY OF BILLINGS, MONTANA, AS FOLLOWS: 1. ANNUAL ARTERIAL CONSTRUCTION FEE FOR FISCAL YEAR 2010. That for the purpose of paylng the cost of construction and/or reconsfuction of arterial roadways and depreciation and replacement of arterial roadways to provide safe facilities on which citizens and visitors may travel, including the principal and interest on all revenue bonds to be issued for that purpose, as authorized by MCA Title 7 Chapter 7 Part 44 or Title 7 Chapter 13 Part 43, as amended, an annual a¡terial construction fee assessment is imposed for the fiscal year 2010, upon all lots or portions of lots as identified in the city's properly tax record files. Rates are hereby levied and assessed as listed and described on EXHIBIT attached hereto and by this reference said exhibit is made a part hereof. 2. EXEMPTION. arteriat Construction Fee assessments shall not be paid by the City General Fund, Public Safety Fund, Library Fund, or MET Transit Fund. 3. DISPOSITIONS OF COLLECTIONS. Monies collected from taxes shall be paid into the Municipal Arterial Construction System Fund, of Billings, Montana. 4. NOTICE OF HEARING. On Monday, June 8, 2009, at 6:30 o'clock p.m., or as soon thereafter as the matter may be considered on the agenda in the Council Charnbers of City Hall, Billings, Montan4 the City Council will hea¡ objections to the adoption of this resolution. The City Clerk is hereby directed to publish notice thereof twice, at least five days prior to the hearing, in the Billings Times. 5. EFFECTIVE DATE. This resolution shall be effective upon adoption. ADOPTED and APPROVED by the City Council on the 8th day of June, 2009. CITY OF BILLINGS: ATTEST: BY: h^-)n #*'*futd ãi eEAt: Ron Tussing, MAYOR Cari Martin. CITY CLERK