Document Billings_doc_f324972959

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 certifli that the attached resolution is a true copy of Resolution No.09-18804, entitled: RESOLUTION RELATING TO SPECIAL IMPROVEMENT DISTRICT NO. T386; DECLARING IT TO BE THE INTENTION OF TIIE CITY CO{.]NCIL TO CREATE THE DISTRICT FOR THE PURPOSE OF UNDERTAKING CERTAIN LOCAL IMPROVEMENTS AND FINANCING THE COSTS THEREOF AND INCIDENTAL THERETO TIIROUGH 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 April 13,2009 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notice of such meeting given as required by law; and that the Resolution has not as ofthe date hereofbeen amended or repealed.) I further certify that, upon vote being taken on the Resolution at said meeting, the following Councilmeábers voted in favor thereof: Ronquillo. Gaehen. Pitman. Brewster. Veis. Rueeamer. McCall. Ulledalen. Astle. Clark: voted against the same: : or were absent: None WITNESS my hand officially this 13'n day of April ,2009. \-at*\^rdr;) Cari Martin, City Clerk #sPlw 'ffiH ---PAGE BREAK--- ---PAGE BREAK--- RESOLUTION NO. 09-1 8804 RESOLUTION RELATING TO SPECIAL IMPROVEMENT DISTRICT NO. 1386; DECLARING iT TO BE THE INTENT]ON OF THE CITY COLINCIL TO CREATE THE DISTRICT FOR THE PURPOSE OF LINDERTAKING 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 FLIND BE IT RESOLVED by the City Councii of the City of Billings (the City), Montana, as follows: Section L. Proposed fmprovements: Intention To Create District. The City proposes to unde¡take certain local Improvements (the "Improvements") to benefit certain property located in the City. The Improvements consist of the construction of MacDonald Drive, as more particularly described in Section 5. The total estimated costs of the Improvements are 5323,000.00. The costs of the Improvements are to be paid by S323,000.00 of Special Improvement District bonds hereinafter described. 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 paylng 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 funding 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 $323,000.00. The Bonds are to be payable 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 estabiished, shall be known and designated as Special Improvement District No. 1386 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 Propertv. 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, street, drive approach, and storm drain improvements for MacDonald Drive, Section 6. Enqineer and Estimated Cost. The City of Billings - Public Works Department shall perform the design and construction administration for this project. The City Engineer's Office has estimated that the costs of the Improvements, including all incidental costs, are $323,000.00. Section 7. Assessment Methods. 7.1. Propertv 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 option and the area option as 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 street construction and appurtenant improvements to be constructed on MacDonald Drive. The properties to be assessed for these improvements include every parcel of land within Gregory Subdivision 1't Filing, Block1, Lots 1-154, 1l^-19,23A,25A-34, and 36-47, including amendments thereof as fuither described in Part III, and Murphy Subdivision, Block I , Lots 1-2 as further described in Part III. For the purposes of equitably appofioning special benefit to each parcel of land in the District, as above- mentioned, the Engineer has determined that each parcel of land, receiving street and appurtenant improvements, shall equally bear the costs of the improvements as set forth in Part III hereto to arrive at an equal cost for the street and appurtenant improvements. The total estimated cost of Assessment #1 is I ---PAGE BREAK--- $185,527.59 and shall be assessed against each parcel of land within the District, as above-mentioned, receiving street and appurtenant improvements, on an equal amount basis based on the bid price to be received. The equal amount assessment is estimated to be $4,638.19 per parcel. Only Gregory Subdivision Filing, Blockl, Lots l-154,17A-19,23A,25A-34,and36-47, as describedinPart III, and Murphy Subdivision, Block 1, Lots 1-2 as described in Pa¡t III, will be assessed for Assessment Assessment #2 wlll include curb and gutter improvements to be constructed on MacDonald Drive. The properties to be assessed for these improvements include the following parcels within Gregory Subdivision l" Filing: Blockl, Lots 1-154, 17A-79,23A,25A-30,32-33, and 36-39, including amendments thereof as further described in Part III, and Murphy Subdivision, Block 1, Lots 1-2 as further described in Part III. For the purposes of being fair and equitable to each parcel of land in the District, as above-mentioned, the Engineer has determined that each parcel of land, which currently does not have curb and gutter improvements, shall bear the costs equally for the costs of curb and gutter improvements as set forth in Part III hereto to arrive at a per each method for curb and gutter improvements. The total estimated cost of Assessmenl #2 is $70,026.07 and shall be assessed against each parcel of land within the District not already having curb and gutter improvements, as above-mentioned, on a equal amount basis based on the bid price to be received. The equal amount assessment ls estimated to be $2,334.20 per parcel. Only Gregory Subdivision 1" Filing: Blockl, Lots l-154, 1'7A-19,23A, 25A-30, 32-33, and 36-39, including amendments thereof as further described in Part III, and Murphy Subdivision, Block 1, Lots 1-2 as further described in Part III, will be assessed for Assessment 7.1.2 Area Method. Assessment #3 will include drive approach, mailbox and appurtenant improvements to be constructed on MacDonald Drive. The properties to be assessed for these improvements include the following parcels within Gregory Subdivision l't Filing: Blockl, Lots 1-11,26-30,32-33 and 36-39, including amendments thereof as further described in Part III. For the purposes ofbeing fair and equitable to each parcel ofland in the District, as above-mentioned, the Engineer has determined that only parcels receiving drive approach, mailbox and appurtenant improvements shall bear the costs of the improvements within and along their parcel as set forlh in Part III hereto to arrive at ¿rn area method for drive approach, mailbox and appurtenant improvements. The total estimated cost of Assessment #3 is $67 ,446.34 and shall be assessed against only certain parcel of land within the District, as above-mentioned, receiving drive approach, mailbox and appurtenant improvements, on a square foot basis based on the bid price to be received. The total area of Assessment #3 is 4,862.00 square feet. The cost of the improvements associated with Assessment #3 shall not exceed $13.87 per square foot. The maximum assessment for Assessment #3 is estimated at $4,480.70, and the minimum assessment is estimated at $2,108.57 as described further in Part III. Only Gregory Subdivision 1" Filing: Blockl, Lots l-11, 26-30,32-33 anó36-39, inciuding amendments thereof as fuither described in Part III, will be assessed for Assessment 7.2. Assessment Methodolosies 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 SectionT are equitable in proportion to and not exceeding the tp"òiut 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 semiarurual installments of principal, plus interest, or equal semiannual payments of principal and interest, as this Council shall prescribe in the resolution authorizing the issuance ofthe 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 ofthe SID bonds. Section 9. Method of Financins: Pledee of Revolvins Fund: Findines and Determinations. The City will issue the Bonds in wr aggregate principal amount not to exceed $323,000.00 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 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 ofthe Bonds. In determining to authorize such undertakings and agreements, this Council has taken into consideration the following factors: ---PAGE BREAK--- 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 $20,932.00 to $321,024.00, and is set forth in Exhibit F. The average market value is $105,499.65 with the median being $93,851.50. The special assessments to be ievied 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. Diversitv of Propertv Ownership. There are a tolal of 40 parcels within the district boundaries. Private individuals own each lot. Comparison of Special Assessments and Propertv Taxes and Market Value. Based on an analysis of the aggregate amount of the proposed assessments, 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 ofland in the District exceeds the sum ofspecial assessments, delinquent property taxes, and current assessments and is set forth in Exhibit F. Delinqûencies. 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 40 properties, zero properties were delinquent, and is set forth in Exhibit F. The Public Benefit of the Improvements. The total estimated costs of the lmprovements are $323,000.00. All costs of the Improvements are to be paid from the sale of Special Improvement District bonds hereinafte¡ described. All lots within the District are zoned Residential 9600, and all lots included the District are fully built with water and sewer servlce. Section L0. Reimbursement Expenditures. i0.1. Reeulations. The United States Department of Treasury has promulgated final regulations goveming 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 stãtement 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 aliocation 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 "smali 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. 10.2. Prior Expenditures. 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-i(ù(2) of ltre Regulations, (iii) expenditures constituting preliminary expenditures within the meaning of Section 1 .I50-2(ÐQ) of the Regulations, or (iv) expenditures in a "de minimus" amount (as defined in Section 1.150-2(Ð(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. 10.3. 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 5323,000.00 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 .1 50-2(dX3) of the Regulations. 10.4. Budsetarv 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 ---PAGE BREAK--- 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 thev exist or are reasonablv foreseeable on the date hereof. 10.5. 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 make prior pa).rnent 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 acfual original expenditure being reimbursed. Section 11. Public Hearins Protests. At any time within fifteen (15) days from and after the date of the first publication ofthe notice ofthe passage and approval ofthis resolution, any owner ofreal property within the District subject to assessment and taxation for the cost and expense of making the Improvements may make and file with the City Clerk until 5:00 p.m., M.T., on the expiration date of said 15-day period (April 30, 2009), 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 11"'day of May 2009, at 6:30 p.m., in the Council Chambers, at 220 North 27t' Street, in Billings, Montana. Section 12. Notice of Passaee of Resolution of Intention. The City Cle¡k 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 Biliings Times, a newspaper of general circulation in the county on April 16"'and April 23'o, 2009, in the form and manner prescribed by law, and to mail or cause to be mailed a copy of said notice to every person, finn, 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 ro11 for state, county, and sc-hool district taxes, at his last-known address, on or before the same day such notice is first published. PASSED AND ADOPTED by the City Council of the City of Billings, Montana, this l3tr'day of April,2009. Attest: Cari Martin, City Clerk ---PAGE BREAK--- DATE: Artril 2.2009 S.l.D. NUMBER: 1386 S.l.D. DESCRIPTION: Sliêet lriìprovements for East and Wèst DATA PROCESSING CARDS COLS A&B z-a 6-39 lvlãöDtnâld DliVè YEARS TO BE ASSESSED: TOTAL S,I.D. AREA: MEASUREMENT: X EA SF LT s.t.D. gosrs: X E€TIMATED PER CONCEPT PLANS' -usrlx¡ATED PER ts,lD PRrcE FINAL PER ACTUAL GONSTRUCTION S.I.D. MAIN IMPROVEMENT GOST: SPEGIAL ADDITIONS: $323,000.00 CODE Quant¡ty Unit Cost 3 Assessment #1 40.00 $ 4,638.1897 4 Assêssment #2 30.00 $ 2,334.2023 5 Assessment #3 4,862.00 $ 13.8721 Total $ 185,527.59 $ 70.0?6.07 $ 67.446.34 + 6 Assæsment fl4 7 Assessment #5 I Assêssment#6 I Assessrnent#7 TOTAL PROJECT COST $ 323,00q.00 IAI-L COSTS TO INCLUDE PRORATA SHARE OF ADMÍN¡S'TRAT¡VE COSTS) A 59-60 61 -71 89-96 40-41 42 53-58 73-78 GENTRAL SUPPORT SERVICES TO COMPLETE T YEAR TO BE ASSESSED: ASSESSMENT: IEST RATE: PENDING FINAL ) ISSUEÐATE: CITY OF MONTANA SPECIAL IMPROVEMENT DISTRICT ASSESSMENT DATA PART TWO s 1 3 È {i .1ì il ¡ 412/2009 Page 1 of I ! T l : i ì i T 1 i T 1 J _t 1 I ¡ 1 'I t 1I i I I 1 SID 1386 Creation Bond ---PAGE BREAK--- sD cosls: X HMG PERCONCEPT PLANS -6TMTA PER BD PruCES _ßN[ PER ÂOUÁL CONSTRUfrION PART III SID 1386- East and West MacDonald Drive TABLE OF ESTIMATED ASSESSMENTS PER PROPERTY s4,480,70 3i1,453.09 10,00 51.€34,19 11,666,16 ¡A,07s,00 ¡1,09,28 56,026,67 ---PAGE BREAK--- ---PAGE BREAK--- SID 1386 - MACDONALD DRIVE Exhibit B Boundary Description BeingLots l th¡u 14, 18,19,26 thru34,36rhn47, Block 1, GregorySubdivision, Fi¡st Filing according to the official plat recorded May 3i, 1950 and now on file in the Office of the Clerk and Recorder of Yellowstone Counry under Document No. 464132; Also Lots 154 and 174, of Amended Plat of Lots 15, 16, and 17, Block 1 , Gregory Subdivision, First Filing according to the official plat recorded July 28, 1972 and norv on file in the Office of the Clerk and Recorder of Yellowstone County under Document No. 912666; Also Lots 23Aand 254, of Amended Plat of S1/2 Lot22andLots23,24 and25, Block 1, Gregory Subdivision, First Filing according to the official plat recorded March 16, 2006 and now on file in the Office of the Clerk and Recorder of Yellowstone County under Document No. 3370189; Also Lots I and2, Block 1, Murphy Subdivision according to the official plat recorded July 15, 1987 and now on file in the Office of the Clerk and Recorder of Yellowstone County under Document No.7449266. ---PAGE BREAK--- EXHIBIT C SID 1386 - East and West MacDonald Drive ENGINEER'S ESTIMATE OF PROBABLE COST All Improvements This estimate is based on approximate quantities and costs for improvements, compleæ in-place to servc East apd West MacDonald Drive AI,L ITEMS AXE COMPLETE IN-PLACE ITEM EST. NO. QTY. UMT DESCRIPTION LJ.I.IIT PRICE Total Cost 100 I Ls tor 1 Ls 102 1 LS 103 1 LS 104 50 LF 105 r0 sY 10ó ro LF 107 600 sF r08 1,5t0 LF 109 32 SF ll0 1,355 TN lil 82 TN 112 3,000 cY I13 I,350 CY lt4 55 SY II5 1 EA lt6 l0 EA 1t'7 t2 EA II8 I EA lt9 60 LF 720 14 EA 12t 2 EA r22 I EA 723 I LS r24 2.000 sY Slreet Mobi¡izarjon and Insulance (5Yò Trafñc Control Erosion Control Clearing and Grubbing Cub & Gùcter Removal Concret€.Flatwork Remo%l Sawcutting Concretd Sidewalh 6in Curb & Gutter/Ribbon Detectable lvmiüg Percls Asphalt (3-inch Thick) Asphalt PG 64-22 [Jnclassified Street Excawtion I l/2 " Minus CmshedBase Cou¡se Slreel Restoration (Type A) Rese! lnlet Adjust rüater Valves Adjust Manholes Type Il Stom Drain lrlet 10" PVC SÐR-35 Swer Pipe TÌee Removal Class I Tree Remvoval Class II T¡æ Remvovai Class III Topsoil Seedinp @ t2268.t6 @ 500o.oo @ s000.00 @ $10,000.00 @ s6.00 @ $5_00 @ $5.50 @ $6.00 @ $15.00 @ $¿5.00 @ $35.00 @ $4oo.oo @ $12.00 @ s22.00 @ $45.00 @ $2,000.00 @ $500.00 @ $500.00 @ $2,0oo.oo @ $50.00 @ $350.00 @ $7s0:00 @ $¡,200.00 @ $5,000.00 @ s3.00 /LS = /LS = i LS = lLF = /SY = ILF = /SF = ILT = /SF = /TN = /TN = /SY = /EA = /EA = /EA = /LF = lE¡.= /LS = /SY = t2,268.r6 5,000.00 5,000.00 10,000.00 300.00 50.00 55.00 3,600.00 22,650.00 1,440.00 47izs.00 32,800.00 3ó,000.00 29,700.00 2,475.00 2,000.00 5,000.00 6,000.00 2,000.00 3,000.00 4,900.00 1,500.00 t,200.00 5,000.00 6.000.00 $ $ $ s $ $ $ $ $ $ $ $ $ $ $ $ ù $ s $ s $ $ $ s LS LF r00 ¡08 I 2;to0 Subtotal - Streets Carb & Gutt¿¡ (New) Mobilization and Iûsunnce Cub & Gutter/Ribbon @ $2,131.s8 / LS = S S15.00 / LF = $ 245363.16 2,r31.58 40.500_00 Subtotal - Curb/Gutter 42,631.58 Exhibil C - Tohl Prcject Cosf PÀEe 1 of2 ---PAGE BREAK--- 100 l2s 126 10s 106 1.21 t28 t 2,042 2,820 266 zo Lò SF 5l SY r¡ SF EA Aqrorg & Dilæpat's Mobilization and Imumnce Concrete Þ¡ivewaf 4in Concrete Ddveway Apron, 6in Concrete Flatwork Reùroval Concrete Saw cut[iDg Retairing'ÌVall .R*et Mailbox Subtotal - Aprons & D¡iv€ways TOTAL COST OB CONSTRUCTION II\{?ROVEMENTS Construction Contitrgency (15%) @ 52,053.0s / LS = $ $5.50 / SF = $ @ $6.00 /sF = S @ $1.2.00 / sY = @ $5-50 /LF- $ @ $50.00 / SF = S (A $200.00 / EA = $ Dsign and CoDstruction Administration CONSTRUCTION & AÐMINISTRATION SI'BTOTÀJ, TOT.A]..Ä.DMINISTR.ÀTIVE COSTS 2,053.05 l r,231.00 r6;920.00 t,644.00 1,463.00 3,750.00 4.000.00 =S 41,061-0s = $ 378,414.-t6 49,35831 $75,682,83 $75,682.83 $454,096.99 ---PAGE BREAK--- EXHIBIT C SID 1386 - East and West MacDsnald Drive ENGINEER'S ESTIMATE OF PROBABLE COST ASSESSMENT STREET s-estimateisåased-on-approximate-quantities-anùcosts{orìmprovements, complere i ALL ITEMS ARE COMPTETEF¡.PLECB i TIEM EST. NO. OTY. UNIT DESCRIPTION Total UNIT PRICE Cost i00 1.00 l0r 1.00 103 L00 110 665 l1l 40 112 2.,198 1 13 1,000 1 16 7.00 r17 9.00 120 2;00 @ 85,647.42 @ s3,650.00 @ $7,300.00 @ $3s.00 @ $400.00 @ s12.oo @ s22.00 @ $soo.oo @ $soo,oo @ s350-00 /LS = /LS = /LS = /TN = IEA = IEA= s5,647.42 $3,650.00 $7,300.00 $23,275.00 $ r6,000.00 826,376.00 s22,000.00 $3,500.00 s4,500.00 s700.00 LS LS LS TN TN UI CY EA EA EA Slreets & Stom Diøitt Mobilization æd Insurance (5olo) T¡affic Control Clearing and Grubbing Asphalt (3-inch Thicþ Asphalt PG 64-22 UnclassiJied Sbeet Excavation I l/2 " Minus Crushed Base Course Adjust Watei Valves Adjust Manholes Tree Removal ClâssI Raw ConstructÍo¡r Costs % Share ofTotal SID Construction Sha¡e of SID Construction Contingency Share of SID Design and iACosts Subtotâl Total Units ofAssessment #l 40.00 Cash Contribution Rater Per Unit (Not Including 2.5% Private Contact Fee) S3,896.72 Total Units to be Assessed for Assessment #1 40.00 % Share ofSID Bond Administration Costs Share of SID BondAdministration Costs Total Thru Administration Costs Unit Cost Per,â,ssessment $4,638.19 57.44% 829,658.7'r _!_-_l!ÊÉzit /EA Page I of I sLL2,948,42 s7.44% g 16,942.26 S25,978.14 s 155,868.82 EA I}1A EA Exhibit C - Ass. St, SD, Ml ---PAGE BREAK--- SID 1386 - East and West MacDonald Drive ENGINEER'S ESTIMATE OF PROBABTE COST ASSESSMENT #2 - CURB/GUTTER IMPROVEMENTS This_sstiqlatç-is-.b_æ__ed ou-appro¡tunale ; ALL ITEMS ARE COMPLETE IN-PLACE EXHIBIT C ITEM EST. NO. QTY. LTNIT 100 1 108 2,700 LS LF Curb/Gutter Mobilization and Insurance (570) Curb & GutterlRibboú DESCRIPTION . . Raw Construction Costs % Sha¡e ofTotal SID Consrucdôn Share ofSID ConsFuction Contingency Shue of SID Design and Costs Subtotal Total Units ofAssesslnent #3 Cash Contribution Rater Per Unit (Not Includíng 2.5% Private Contract Fee) Toøl Uniæ to be Assessed for Assessment #3 % Share ofSID Bond Administration Costs Share of SID Bond Admi¡istration Costs Totâl Thru Administratlon Costs Unit Cosl Per Àssessment UNIT PRICE @ @ s2,131.58 / LS $is.00 I LE Total Cost $ 2,131.58 $ 40,500.00 = $ 42,631,58 21.68% s 6,394.74 $9;80s.26 s 58,831.58 Exhibit C - Ass. Curb-Gutte 30.00 EA s1,961.05 / EA 30.00 EA 't''"If'Yi * 1î.026.07 : $2,334.20 I E^ Page I of I ---PAGE BREAK--- EXHIBIT C SID 1386 - East and West MacDonald Drive ENGINEER'S ESTIMATE OF PROBABLE COST ÄSSESSNIENT #3 ' Aprons & Driveways Ihi_s_esdnale is bas,ed-.qu-appr-oxjlralç-qu.antjfips and-cosfsJorunpro-vements,compLete-in:place.. ALL ITEMS ARE COMPLETE IN-PLACE ITEIvt EST, NO. QTY UNIT DESCRIPTION UNIT PRICE Totaì Cost Sillewalk @ 52,053.05 / LS 100 I LS 125 2,042 SF t26 2,820 SF i05 137 SY 106 266 LF 127 75 SF Concrete Flatwork Re.moval Concrete Saw cutfing Retaining Wall % Share ofTotal SID Construction Share of SID Construction Contilgency Share of SID Design and CA Costs Subtotal Total Units ofAssessment #3 Cash Contribulion Rater Per Unit (Not Including 2.5% Private Conhact Fee) % Share of SID Bond Admi¡ishation Cosls Share of SID Bond Administation Costs Total Thru Atlministration Costs UnÍt Cost Per Assessment = $ 2,053.05 @ s12.00 / sY @ s5.50 / LF @ $s0.00 / sF 3,750.00 20.88% 6,159.16 $9,444.04 s6,664.2s 4,862.00 slt.6s / sl3.87 20.88% $10,782.09 s 67,446.34 / SF ofÀprons & Pdge 1 ofz Concrete Driveway,4in @ $5.50 / Sï =S 11,231.00 Corcrete Driveway Apron,6in @ S6.00 / SF = $ 16,920.00 = $ 1,644.00 = $ 1,463,00 128 20 EA ResetMailbox @ $200.00 / EA = $ 1,9q0.9q Raw Construction Costs = g 4I,061.05 SF Exhibit C - Ass. Aprons-Dri ---PAGE BREAK--- TûD Nam á,0E359 A0836! A08361 A08362 408363 A08364 A08365 A083ó6 A08367 A08368 40s369 A08370 A08371 À0g37tA A08372 Àô$?3 A0t374 A08374A 408375 A08375A 408376 A08317 A08378 A08379A A083798 A08380 A03t8l A08382 A08384 A08385 408386 À08387 A08388 408389 A08390 A0839r À08392 A08393 40s394 A08394A. TOTÁL EXÍIIBIT C - ENGI¡IEER'S ESTTMA.TE OF PROBABLE COST #3 - Aprons & Driveways Assessment Table This ßtimsc is bascd on ud cosb foÍ T¡IOMPSON, STANLEY L & MARY E Så.Y!OR, SCOTT & ANNETTE D KLATT, BRUCE K ¿ SALLY E MARTINEZ, LORENZO R JR& LISA L SPEER. DOUGLAS T & DEBORAH G BOWER, DAMON E & ÎENNYSON HONAKER, JÀMES W POLLY. WILLIAM R JR & LYNNE I COULDINC, ALLN L & NATATIE S RICHTER, KLAUS P & ROBIN L DUNCAN GORMLEY, BEVERLY M LARSEN, PEGCY F RYAN, MAROAREÎ R TRUST RYÀN, MARGARET R TRUST VEEDER, DAVID A & LINNEA J STEINMETZ,.KENNÊTIT A & TERRI L ORrqH;q,M, DA14D M ALFRED M J SCHUSTER, RONALD L & V¡RCINIA K DEBoo, Jotn.t c & Á.NNE M IVfARjENBERC, MARCO & ^NDR¡W WALTON, RJCHARD M & WILLIAMSON, MILES BRETT & STACÊY LACKMAN, EILEEN BELLE MAllnvA-RINC, CLINT & CIJLLARD, WILLIAM C & BEATNCE ANDERSON, DARRELL, TRUDY MANSKE, JEANNEH& WILLTAM J ORTH,CARLP&MSHERLON KAHN, PATRICLA A SULLTV.AN, JEAN C I.OWENSTSIN, BRYÀN D & STACEY D STÊR{AN, DOìTA.LD J &MÀRJORÌE A GAII-.DÁì¡EL L a KÀREN:SANFORD SCEfLTZ, JOI'N.A DIST.RICH, JÄNET L & HÀ¡.PER. ? BRUCE & BÄ.RBA¡A A STINSON. ÊVELYN SF 242.00 250,00 228.00 249.00 249.0ò 152.00 272.00 241.00 203.00 213.00 0.00 0.00 0.00 0.00 0:00 0.00 0.00 0.00 0,00 0.00 304.00 255.00 323.00 304.00 0.00 208.00 238.00 0.00 205.00 ¡ 61.00 239.00 316,00 0.00 0.00 q,00 d.oq .0.00 0.00 0.00 0.00 1862.00 Crsh CoRElbutton Ratêr PùUnlt (Not Inclùding 2'5% lrív¡tê Fee) $2,820.39 s2,9 l 3.63 s2,651.23 $2,90ì.97 $2,90t.9? st,771.49 $3,r70.03 s2,808.?4 s2,4U.t4 $2,540.68 50.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 t0.00 s0.00 s0.00 $3,542.97 s2,97 I.90 s3,764.41 s3,542.91 s0.00 s2,424,14 s2,771.71 s0.00 s2,389.r8 $),876.38 s2,?85.43 s3;682.83 s0.00 $0.00 $0.00 $0.00 $0-00 s0.00 30.00 s0.00 s56,66r.2s 4t212009 ShùeofÞond Àdmlni¡tr¡tion.Co3ts s3,357.06 $3,468.03 s3,r62.85 s3,454.16 s3,454.tó s2,108.57 s3,113.22 93,343.19 52,885.4t s3,024. t3 s0.00 s0.00 s0.00 s0.00 $0.00 s0.00 $0.00 s0.00 s0,00 s0.00 s4,2t1.13 s3,537.40 s4,480.70 s4.2r ? r3 $0,00 s2,385.41 53.101.5? s0.00 s2,E43.?9 s2,233.41 s4,383.60 s0.00 s0.00 Jq.0o $0.00 $0.00 $0.00 s0.00 . s0.00 : s61J4634 Exhibit C - Ass. +3 Table SID 1386 EAST AND WEST MACDONALD DRIVE PROJECT DESCRIPTION Special Improvement District No. 1386 shall construct the fotlowing improvements to Clevenger Avenue. 1) Construction of street, curb, gutter, and drive approaches on East and West MacDonald. EXHIBIT D ---PAGE BREAK--- RAÌf ASSESSMENT CONSTRUCÎION %OF ITEM COSTS CONSTRUCTION s@r $112.948.42 57.44% s16,942.26 Curb & Guter (New) $42,63 1.58 & Driveways $4 I,061.05 EXHIBIT E SID 1386 - East & West MacDonald Drive TABLE OF ESTIMATED ASSESSMENTS PER ITEM 2t.68o/o 20.88./" SID TOTALTHRU DESIGN ANDCA $6,394.74 $6,r59.r6 NCENCY COSTS s49,026.32 s47,220.21 SID i386 Creation Bond AnalYsis - Exhibit E s9,805.26 s9,444.04 TOTAL TOTALTJNITS UNITS TOBE PER R^TE PER ASSESSED s58,831.58 s56.664.25 $ I,96 1.05 $t r.65 CASH %APPLIEDTO TOTALTHRU CONTRIBUTION ADMINISTRATION ADMINISTRATION ADMINISTRAÎION cosTs cosrs 5't.440/o $29,658.77 2-Apr-09 21.68% 20.88% $t I,194.49 $t 0,782.09 $1E5,527.59 $70,026.07 s67.446.34 4t2t2009 T'NIT COST PER ASSESSMENT s4,638. r9 s2,334.20 s l 1.8? Page I of I ---PAGE BREAK--- SID 1386. EAST AND WEST MACDOIIALD DRIVE Storm Drain and Street Improvements TAXI.D. PREVIOUS MJMBER PREVIOUS SID EXHIBIT F _PAY.OFF SID PAY-OFF+ ESTMATED DELINQUENT+ ESTIMATBD M.ARKETVAIUE SID 138ó SID 1386 MARKET AFTER .ASSESSME}FT. -ASSESSMENT _ ßIÍPROI¡'EMENTS TAX I,D. PREVIOUS NUMBER PREVIOUS SID .6.13 SID # PAY-OF'F :I SID I386 SID PAY-OFF + DELINQUENT + ESTIMATED SID 1386 MARKE'T VAIIIE ESTIMATED MARK.ET VALUE AF'TER IMPROVEMENTS ---PAGE BREAK--- RECOMMENDED BONDING COST ANALYSN SID 1386-East and West MacDonald Drive Street & Storm Improvements SID CONS'IRUCTION COSTS ADMINISTRATiON COSTS POSTING & BONDING - ADVANCE COSTS (S4.50 PER TAX CODE) SUBTOTAL ADMINISTRATION COSTS SUBTOTAL PROJECT COSTS LESS CONTRIBUTIONS CITY OF BILLINGS PROJECT COSTS TO BE APPLIED TO SID SID COSTS ENGINEER]NG FEE ADMINISTRATION / FINANCE FEES SID REVOLVING FLIND BOND DTSCOUN'I FÊ;E JNSTIRANCE COSrS BANK FEES ROU}ID.OFF TOTAI BONDING COST $378,4r4.t6 $75,682.E3 $0.00 $75,682.83 s454,096.99 -$182,732.34 s271,364.65 $r 1,305.00 s8,075.00 s16,150.00 s6,460.00 $9,690.00 $333.00 -$377.65 s323¡000:00 ÊOND-S AWARDED TO: INTEREST RATE BONDS @ S PREMIUM S AND SH,AIL MATURE JANUARY I. DÄTE BONDS ISSUED: TOTAI, ISSUE $ BONDS TO BE PAID ANNUAILY COMMENCING JANUARY AP}ROVED THIS DAY OF ENGINEER FOR TITE DISTRICT DIRES,TOROF FINANCE CITYENGINEER ---PAGE BREAK---