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RESOLUTION 08-18724 A RESOLUTION LEVYING AND ASSESSING ARTERI,AL CONSTRUCTION FEES FOR PROPERTIES WITHIN THE CITY OF BILLINGS, PROVIDING FOR NOTICE, HEARING AND FINAL ADOPTION WHEREAS, the Bilìings, Montana City Code did establish the rate table for Artenal Construction Fee assessments; and WHEREAS, extension of these charges have been made on individual properties to be assessed arurually. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COLINCIL OF THE CITY OF BILLINGS, MONTANA, AS FOLLOWS: 1. ANNUAL ARTERIAL CONSTRUCTION FEE FOR FISCAL YEAR 2009. That for the purpose of paytng the cost of construction and/or reconstruction 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 ail 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 arnual arterial construction fee assessment is imposed for the fiscal year 2009, upon all lots or portions of lots as identified in the city's property 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. A¡terial 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 shail be paid into the Municipal Arterial Construction System Fund, of Billings, Montana. 4. NOTICE OF HEARING. On Monday, June 9, 2008, at 6:30 o'clock p.m., or as soon thereafter as the matter may be considered on the agenda in the Council Chambers of City Hall, Billings, Montana, the City Council will hear objections to the adoption of this resoiution. The City Clerk published notice hereof fwice, on May 22 andMay 29,2008, in the Billings Times. 5. CERTIFICATION. The City Clerk is hereby directed upon final passage and approval of thrs resolution to certi$ a copy thereof to the City Administrator of the City of Billings, Montana, who shall cedifr a copy to the Yellowstone County Clerk and a copy to the Yellowstone County Assessor. tzf "t . :l 6. EFFECTIVE DATE. This resolution shall be effective upon adoption. ADOPTED and APPROVED by the City Council on the 9tr' day of June, 2008 :EisPeuiÊ?: i'bi' sT ArrESr: BY' THE CITY OF BILLINGS: Cari Martin, City Clerk ---PAGE BREAK--- Exh¡bìtA Arterial Construction ZONE RATE vAcANT 1087.00 AT RATE O.OOI38 P 0.00233 R-96 0.00408 R-80 0.00444 R-70 0.00468 R-70R 0.00468 RMH 0.00525 R-50 0.00s63 PD 0.00644 R-60 0.00702 R-60R 0.00702 RP 0.00761 RMF-R 0.00793 RMF 0.00823 NC 0.00906 ELC 0.00906 0.00935 cc 0.00967 EGC 0.00992 PZD 0.00981 HC 0.00992 cI 0.01056 HI 0.01175 cBD 0.01407 ELI 0.00992 EMU 0.00967 Fee cap