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1 RESOLUTION 06 -18434 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 establish the rate table for Arterial 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 COUNCIL OF THE CITY OF BILLINGS, MONTANA, AS FOLLOWS: 1. ANNUAL ARTERIAL CONSTRUCTION FEE FOR FISCAL YEAR 2007. That for the purpose of paying 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 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 arterial construction fee assessment is imposed for the fiscal year 2007, 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. Arterial 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. ---PAGE BREAK--- 2 4. NOTICE OF HEARING. On Monday, June 12, 2006, 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 resolution. The City Clerk published notice hereof twice, on June 1 and June 8, 2006, in the Billings Times. 5. CERTIFICATION. The City Clerk is hereby directed upon final passage and approval of this resolution to certify a copy thereof to the City Administrator of the City of Billings, Montana, who shall certify a copy to the Yellowstone County Clerk and a copy to the Yellowstone County Assessor. 6. EFFECTIVE DATE. This resolution shall be effective upon adoption. ADOPTED and APPROVED by the City Council on the 12th day of June, 2006 CITY OF BILLINGS: BY: Ron Tussing, MAYOR ATTEST: BY: Marita Herold, CMC/AAE CITY CLERK ---PAGE BREAK--- 3 Exhibit A Arterial Construction Fee ZONE RATE VACANT 988.00 Cap AT RATE 0.00125 P 0.00212 R-96 0.00371 R-80 0.00404 R-70 0.00425 R-70R 0.00425 RMH 0.00477 R-50 0.00512 PD 0.00585 R-60 0.00638 R-60R 0.00638 RP 0.00692 RMF-R 0.00721 RMF 0.00748 NC 0.00824 ELC 0.00824 0.00850 CC 0.00879 EGC 0.00902 PZD 0.00892 HC 0.00902 CI 0.00960 HI 0.01068 CBD 0.01279 ELI 0.00902 EMU 0.00879