HomeMy WebLinkAbout02-04-19 City Commission Packet Materials - A2. Res. 4983, Create SID 750 for N. Tracy from Villard to PeachCommission Memorandum
REPORT TO: Honorable Mayor and City Commission
FROM: Kellen Gamradt, Engineer II
Shawn Kohtz, City Engineer
Kristin Donald, Finance Director
Greg Sullivan, City Attorney
SUBJECT: Adoption of Resolution 4983 - a Resolution of Intent of the Bozeman City
Commission to create Special Improvement District (SID) 750 for the purpose of
undertaking certain local improvements to North Tracy Avenue from Villard Street to
Peach Street and financing the costs thereof.
AGENDA ITEM TYPE: Action
MEETING DATE: February 4, 2019
RECOMMENDED MOTION: Incorporating the information and findings in the staff
memorandum, oral findings made by the Commission during the public hearing, information an
findings contained in the proposed resolution, and after considering public comment, I hereby
move to adopt Resolution 4983 declaring it to be the City's intention to create Special
Improvement District (SID) No. 750.
BACKGROUND: In FY 2012, the City Commission authorized that additional street
maintenance funds be set aside for street reconstruction projects. This street reconstruction
money is in addition to the annual street maintenance projects the City funds with its gas tax
allocation. It is used to finance a portion of the complete reconstruction of streets which have
deteriorated beyond the point where they can be maintained. Current practice per Commission
direction is to supplement these street reconstruction funds with a contribution from the residents
adjacent to the street who are its primary users and therefore specially benefitted by the street
improvements through the creation of an SID.
The street proposed for reconstruction this year is North Tracy Avenue between Villard Street
and Peach Street. In February 2014 the Commission adopted Resolution 4507 which establishes
policies regarding the local share for street reconstruction. The resolution contains a table which
establishes the funding splits to be used based on traffic counts:
102
Funding Classification Average Daily Traffic
(vehicles per day)
Funding Split
(SID/Reconstruction fund)
Local Less than 800 75% / 25%
Minor Collector 800 - 1500 50% / 50%
Major Collector 1501 - 4500 15% / 85%
Arterial More than 4500 100%
Traffic counts on the segment of North Tracy Avenue to be reconstructed are up to 840 vehicles
per day. Applying the policies established by Resolution 4507 the funding split to be used is 50%
street reconstruction money and 50% local share. Resolution 4507 also establishes that the local
share should be financed by creation of an SID.
Proposed Resolution 4983, a Resolution of Intent to Create SID 750, is the first step in the
process of creating an SID. The process of creating an SID is regulated by the Montana Code
Annotated (MCA), Chapter 7-12, Part 41. The purpose of the Resolution of Intent to Create the
SID is to inform the public of the City's intention to raise funds from adjacent property owners to
pay for a portion of the authorized improvements. This resolution does not create the SID, it
simply begins the process. The Resolution must do the following: 1) designate the number of the
district; 2) describe the boundaries thereof; 3) state the general character of the improvements
and the approximate estimated cost; and 4) state the method of assessment to be used.
The number of this SID will be 750. The boundaries of the district include all of the parcels of
property directly fronting on North Tracy Avenue between Villard Street and Peach Street. The
general character of the improvements consist of roadway improvements including repaving of
the road, replacement of curbing, installation of storm drainage improvements, and pedestrian
ramps.
There are four methods of assessment which are allowed by the MCA - the area method which is
based on the area of the lot, the frontage method which is based on the lots width fronting the
street, the assessed valuation method which uses the assessed valuation of the parcel and the
equal shares method. As on the previous five Street Reconstruction projects, South 8th
, East
Story Street, North Wallace Avenue, East Olive Street, and South Tracy Avenue, staff
recommends using the lot frontage method of assessment for this SID.
Engineering Division staff have hosted two neighborhood meetings to present information about
the proposed project to the local residents. At the meetings staff discussed the project design
elements, proposed schedule, estimated costs and proposed method of assessment.
The proposed schedule for this project is as follows:
Resolution of Intent to Create February 4, 2019
Mail Notice of Public Hearing February 8, 2019
Publish Notice of Public Hearing February 10 and 17, 2019
(protest period begins upon first publication of the notice of passage of the resolution of intent)
End of Protest Period February 27, 2019
103
Public Hearing on Resolution of Creation March 4, 2019
Advertise for Construction Bids February 10 – February 24, 2019
Open Bids March 5, 2019
Award Contract March 25, 2019
The protest period begins upon first publication of the notice of the public hearing, in this case
February 10, 2019. The 15 day protest period begins on February 10, 2019 and ends on February
27, 2019 (two additional days are added to the protest period for the intervening holiday).
PROPOSED FINDINGS: Should the Commission move to adopt Resolution 4983, we suggest
incorporating the following findings in addition to any oral findings entered into the record by
the Commission at the public hearing:
1. North Tracy Avenue, originally named “Temple Avenue” was constructed in 1908 as part
of Beall’s 2nd
addition to the City of Bozeman. Water and sewer utilities were also
installed in concurrence with the street construction.
2. Over the following decades, the city continued to develop and expand and in 1967, storm
drainage infrastructure was installed in North Tracy Avenue.
3. By the early 2000’s North Tracy Avenue had fallen into a failed condition as a result of
age and an increase in heavy vehicular traffic. The original street section was not
designed for modern vehicle loading and the curb and gutter did not meet current city
standards. In addition, the water and sewer lines were past their useful lives.
4. In 2013, the City hired a consultant to perform a citywide inventory of our street
pavement conditions. The results of the survey indicated that North Tracy Avenue was
among the worst streets for pavement condition in the City and was placed on a list for a
local street reconstruction.
5. An engineering design was completed earlier this year to reconstruct North Tracy Avenue
to a City Standard Local Street and install new water, sewer and storm drainage utilities.
FISCAL EFFECTS:
Current Budget: The FY19 Approved Budget anticipated the reconstruction of W. Lincoln
Avenue (between Grand and Willson) with a total project cost of $224,011; 25% from the Street
Reconstruction Funds ($56,003) and 75% SID financed through the SID ($168,008). Homeowners
did not accept this project and the project has been moved to the bottom of the list of local street
improvement projects. The North Tracy project was moved forward. If SID 750 is created a budget
amendment will be needed to increase the total appropriation by $222,989 to $447,000.
Project Costs: The total estimated cost of the street and storm drain improvements are $447,000.
Because the actual traffic counts on North Tracy Avenue were higher than anticipated, the funding
split per Resolution 4507 is 50% from the Street Reconstruction Funds and 50% through the SID.
The City can commit, per its policy, $223,500 from the Street Reconstruction fund to reduce the
costs to the SID, leaving $223,500 to be funded by the SID. In addition, the SID will be responsible
for an estimated $1,000 in incidental costs related to the creation of the SID for a total of $224,500.
104
If the Commission adopts Resolution 4983 based on the recommended method of assessment, that
is, linear feet lot frontage, then for an average residential lot with 58 ft. of frontage, the total
estimated assessment would be $8,019.44. At the current estimated interest rate of 2.5% (2.0%
estimated interest on the interfund loan discussed below, plus 0.5% simple interest on assessments
in accordance with 7-12-4189, MCA), a typical property would be assessed including interest
approximately $511.96 annually over a period of twenty years.
Financing. Costs and expenses of construction of the Improvements will be paid for by
assessments levied against benefitted properties; we propose to finance the initial construction
costs by transferring excess money in the City’s SID Revolving Fund to the General Fund and then
loaning these monies to the North Tracy SID.
Years ago, the City created an SID Revolving Fund, the purpose of which is to “secure prompt
payment of any special improvement district bonds or warrants issued in payment of improvements
made.” See 7-12-4221, MCA. State law does not authorize the City to loan money directly from
the SID Revolving Fund to a SID construction fund to finance improvements to be paid for by
assessments on properties. State law does authorize transferring excess funds of the SID Revolving
Fund to the General Fund. See 7-12-4227, MCA. The City’s SID Revolving Fund has cash in
excess of the statutorily required amount (10% of outstanding SID debt). Currently, the Revolving
Fund has a balance of approximately $3.4M. The minimum amount the City must maintain in the
Revolving Fund to comply with statutory requirements is $51,050. This minimum amount will
increase if the Manley Road SID is created.
For this SID, we recommend transferring a portion of this excess in an amount equal to the portion
of the improvements to be assessed against benefitted property in the District to the General Fund
to be deposited into a new SID fund within the General Fund. The purpose of the transfer is to
have the General Fund underwrite the SID’s share of the costs of the Improvements through an
“interfund loan” to the SID 750 construction fund with a 20-year repayment term at 2.0% interest.
An interfund loan has a number of benefits, including a lower interest rate for the District property
owners, and avoidance of the costs and time-consuming work of underwriting a bond sale. The
SID Fund within the General Fund will be paid back as property owners make their payments over
time, with interest.
Should SID 750 be created, we will present the Commission a proposed resolution approving the
transfer of the excess SID Revolving Fund to the General Fund, a resolution approving the
interfund loan documents, and a proposed budget amendment resolution for the Street
Reconstruction Fund.
UNRESOLVED ISSUES: As discussed above, SID creation is subject to protest by the
property owners to be assessed. The sufficiency of protest is outlined in 7-12-4113, MCA.
Simply stated, if protest is made by property owners to be assessed for more than 50% of the
costs of the proposed work, further proceedings are barred for six months. Should this occur, our
plan is to move on to the next street which needs reconstruction. There are more than enough
streets requiring reconstruction to keep us busy for a number of years to come. However, at some
point in the future, the community at large will not be able to absorb the displaced traffic that
will result from the failure to reconstruct local streets that are a critical component of the City’s
105
street network. . At that time, the Commission will be asked to provide direction on how to
finance local street improvements in the face of local opposition to SIDs.
ALTERNATIVES: As suggested by the City Commission.
Attachments: Resolution 4983, Exhibits A – C
106
Page 1 of 9
COMMISSION RESOLUTION NO. 4983
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN,
RELATING TO SPECIAL IMPROVEMENT DISTRICT NO. 750 FOR LOCAL
IMPROVEMENTS TO NORTH TRACY AVENUE; DECLARING IT TO BE THE
INTENTION OF THE CITY COMMISSION TO CREATE THE DISTRICT FOR THE
PURPOSE OF UNDERTAKING CERTAIN LOCAL IMPROVEMENTS AND
FINANCING THE COSTS THEREOF AND INCIDENTAL THERETO THROUGH THE
ISSUANCE OF MUNICIPAL WARRANTS.
BE IT RESOLVED by the City Commission (the “Commission”) of the City of
Bozeman, Montana (the “City”), 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 limits. The
improvements consist of roadway improvements to North Tracy Avenue between Villard Street
and Peach Street, including: repaving of the road, replacement of curbing, installation of storm
drainage improvements, and pedestrian ramps, as more particularly described in Section 5. The
total estimated costs of the Improvements are $447,000. Pursuant to Resolution 4507, $223,500
will be paid from the City’s Street Maintenance District fund, leaving $223,500 of the costs of the
Improvements to be funded through the District (hereinafter referred to as the “District's Share of
the Improvements”). It is the intention of this Commission 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 the District's Share of the Improvements and
paying costs incidental thereto, including any costs associated with issuance of warrants drawn
107
Resolution 4983, Resolution of Intent to Create SID 750
Page 2 of 9
against special assessments to be paid by benefitted properties in the District (the “Warrants”), the
creation and administration of the District, and the funding of an administrative charge to the
General Fund for costs associated with financing of the Improvements (collectively the "Incidental
Costs"). The total estimated cost of the District's Share of the Improvements, including such
Incidental Costs, to be financed is $224,500. The City Commission intends to provide the funds to
pay the District’s Share of the Improvements and the Incidental Costs through a transfer of excess
funds in the City’s Special Improvement District Revolving Fund (the “Revolving Fund”) to the
City’s General Fund with such funds to be applied by the General Fund to finance the District’s
Share of the Improvements and Incidental Costs. The City Commission intends to direct that the
funds so applied will be evidenced by and will purchase the Warrants issued against the SID 750
North Tracy Avenue Fund into which special assessments paid by owners of benefitted properties
in the District will be deposited. The properties in the District subject to assessment will be
specially benefited by the Improvements in an amount not less than $224,500.
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. 750 of the City of Bozeman, Montana.
Section 3
Boundaries of District. The limits and boundaries of the District are depicted by the continuous
line circumscribing the exterior boundaries of the properties shown on the map attached as Exhibit
A hereto (which is hereby incorporated herein and made a part hereof) and includes all those lots
and parcels on North Tracy Avenue between Villard Street and Peach Street which front directly
on North Tracy Avenue, legal descriptions of which are contained in 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.
108
Resolution 4983, Resolution of Intent to Create SID 750
Page 3 of 9
Section 4
Benefitted Property. The District and territory included within the limits and boundaries
described in Section 3 and as shown on Exhibit A and Exhibit B are hereby declared to be the
special improvement district and the territory that will benefit from and be benefitted by the
Improvements and will be assessed for a portion of the costs of the Improvements as described
herein. The property included within said limits and boundaries is hereby declared to be the
property benefitted by the Improvements.
Section 5
General Character of the Improvements. The Improvements to be constructed generally consist
of removing the existing street pavement and curbing, installing a 28-foot-wide street section on
North Tracy Avenue with gravel base course material, asphaltic cement surfacing, City standard
curbs and gutters, pedestrian ramps, traffic control signage and pavement striping, storm drains,
and all related improvements on these streets. The Improvements shall include the engineering
design, construction, inspection and engineering certification of asphalt cement paving, gravel
base courses and subgrade preparation, storm drainage, and all necessary permits and
appurtenances to complete the road installation. Each lot, parcel, or tract abutting such portion of
North Tracy Avenue, as set forth on the attached Exhibit B, will be improved with or benefitted
by such Improvements.
Section 6
Engineer and Estimated Cost. The City, acting through its City Engineer, shall be the engineer for
the District. The Engineer has estimated the costs of the Improvements to be $447,000, as shown
on Exhibit C, attached hereto (and hereby incorporated herein and made a part hereof). The City
has committed $223,500 in Street Maintenance District funds, in accordance with Commission
Resolution No. 4507, to the costs of the Improvements. The District's Share of the Improvements,
plus the Incidental Costs, are $224,500. The District’s Share of the costs of the Improvements to
109
Resolution 4983, Resolution of Intent to Create SID 750
Page 4 of 9
be financed by the proceeds of the Warrants are shown on Exhibit B (which is hereby incorporated
herein and made a part hereof).
Section 7
Assessment Methods.
7.1. Property To Be Assessed. All properties in the District will be assessed for their
proportionate share of the costs of the District's Share of the Improvements plus the Incidental
Costs from which they derive a benefit as determined and set forth herein. The District's Share of
the Improvements plus the Incidental Costs shall be assessed against the property in the District
benefitting from these Improvements, based on the method as authorized by Section 7-12-4163,
M.C.A., as particularly applied and set forth in Section 7.2 hereof.
7.2. Lot Frontage. The District's Share of the Improvements plus the Incidental Costs will
be assessed using the lot frontage method of assessment. The Engineer has determined the lineal
feet of the frontage on North Tracy Avenue of each lot, tract or parcel, based on current recorded
plats and certificates of survey for each lot, tract or parcel of land, on file at the Clerk and
Recorder’s office. The total lineal feet frontage of the District to be assessed, exclusive of streets,
roads, and rights-of-way, is 1,623.74 feet. The total estimated cost of the District's Share of the
Improvements, including Incidental Costs, to be funded through the District is $224,500 and shall
be assessed against each lot, tract or parcel of land in the District for that part of the costs of the
District's Share of the Improvements that the frontage of such lot, tract or parcel bears to the total
frontage of all lots, tracts or parcels of land in the District, exclusive of streets, roads, and rights-
of-way. The District's Share of the Improvements plus the Incidental Costs per lineal foot of
frontage, exclusive of interest, shall not exceed $138.26. The estimated principal assessment for
each lot, tract or parcel of land for the District's Share of the Improvements is shown on Exhibit C
hereto.
7.4. Principal Amount Only; Interest Rate. The estimated dollar amount of each special
assessment against each lot, tract, or parcel in the District is only the principal amount of such
110
Resolution 4983, Resolution of Intent to Create SID 750
Page 5 of 9
special assessment. Notwithstanding any provision herein to the contrary, pursuant to 7-12-
4189(1), MCA, all unpaid special assessments will bear interest at a rate equal to the sum of the
average interest rate payable on the outstanding Warrants at the time the assessment is levied plus
not less than ½ of 1% per year.
7.4. Assessment Methodology Equitable and Consistent with Benefit. This Commission
hereby determines that the method of assessment described above and the assessment of costs of
the District's Share of the Improvements against the properties benefitted thereby as prescribed in
this Section 7 are equitable and in proportion to and not exceeding the special benefits derived
from the 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 District's Share of the
Improvements plus the Incidental Costs shall be payable over a term not exceeding (20) twenty
years, each in equal semi-annual installments of principal, plus interest, or equal semi-annual
payments of principal and interest, as this Commission shall prescribe in the resolution authorizing
the issuance of the Warrants. Property owners have the right to prepay assessments as provided by
law. The estimated total principal amounts of special assessments against properties in the District
are shown on the attached Exhibit B. Such amounts are estimates only and are exclusive of interest.
In the event the District is created and the Warrants are issued, and excess Revolving Fund monies
transferred to the City’s General Fund to purchase the Warrants thereby making available funds to
finance the District’s Share of the Improvements including the Incidental Costs, the special
assessments levied against properties in the District will be stated as semiannual installments of
principal and interest over a term of up to twenty (20) years.
Section 9
Method of Financing. The City on behalf of the District will issue the Warrants payable to the
General Fund in an aggregate principal amount not to exceed $224,500 in order to finance a portion
of the costs of the Improvements and all Incidental Costs. The City Commission intends to use
111
Resolution 4983, Resolution of Intent to Create SID 750
Page 6 of 9
excess monies of the Revolving Fund transferred to the General Fund to purchase the Warrants to
make funds available to finance the District’s Share of the Improvements including the Incidental
Cost, such Warrants to be held by the General Fund and drawn against the SID 750 North Tracy
Avenue Fund. Principal of and interest on the Warrants will be paid from special assessments
levied against the benefitted properties in the District.
In determining it intends to authorize a loan from the General Fund to the SID 750 North
Tracy Avenue Fund, this Commission has taken into consideration the following factors:
(a) Diversity of Property Ownership. There are 28 (twenty eight) separate
parcels of land in the District, with 40 separate owners.
(b) Comparison of Special Assessments and Property Taxes and Market
Value. The City has compared the estimated market value of each lot, tract, and
parcel in the District after the Improvements are made to the amount of the
proposed special assessments against each lot, tract, and parcel in the District. The
estimated market value of each lot, tract, and parcel in the District after the
Improvements are made is expected to be in excess of the proposed special
assessments against each lot, tract, and parcel in the District.
(c) Outstanding Special Assessments. As of the date of this resolution, the
amount of special assessments against properties in the District is relatively low
compared to the market value of the property.
(d) Delinquencies. The records of the County Assessor show that of the 28
taxable properties in the District, four (4) properties have delinquent property taxes
or annual city assessments. The total value of delinquent property taxes within the
district equals $3,386.95 and the total delinquent city assessments equal $1,784.04.
(e) The Public Benefit of the Improvements. The planned Improvements
will preserve public safety by providing through lanes and drive approaches for
112
Resolution 4983, Resolution of Intent to Create SID 750
Page 7 of 9
those who reside along this street or use the street to access their residences and
businesses. Safety will be improved, especially for those properties within the
District, by reconstructing roadway that has deteriorated beyond the point where it
can be maintained and by installing pedestrian ramps and traffic control signage.
Section 10
Public Hearing; Protests. At any time within fifteen (15) days (or such longer period if required by
law) from and after the date of the first publication of the notice of the passage and approval of
this Resolution, any owner of a lot, tract, or parcel 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., MT, on the expiration date of said 15-day period (or such longer period if
required by law) written protest against the proposed Improvements, or against the creation of the
District. Such protest must be in writing, identify the property in the District owned by the protestor
and be signed by all owners of the property. The written protest must be delivered to the City
Clerk, who shall endorse thereon the date and hour of its receipt. For purposes of calculating
protests under Section 7-12-4113, M.C.A., the sufficiency or insufficiency of protests, if any, as
to the entire proposed District shall be based on the estimated total principal amount of special
assessments made by valid protestors in the District as compared to the estimated total principal
amount of special assessments to be levied against all properties in the District. The Commission
will at its next regular meeting after the expiration of the protest period proceed to hear and pass
upon all such protests so made and filed.
Section 11
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 Bozeman
Daily Chronicle, a newspaper of general circulation in the county 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 the owner's name upon the last completed assessment roll for state, county, and
113
Resolution 4983, Resolution of Intent to Create SID 750
Page 8 of 9
school district taxes, at the owners last-known address, on or before the same day such notice is
first published.
PASSED, ADOPTED, AND APPROVED by the City Commission of the City of
Bozeman, Montana, at a regular session thereof held on the 4th
day of February, 2019.
___________________________________
CYNTHIA L. ANDRUS
Mayor
ATTEST:
______________________________________
ROBIN CROUGH
City Clerk
APPROVED AS TO FORM:
___________________________________
GREG SULLIVAN
City Attorney
114
Resolution 4983, Resolution of Intent to Create SID 750
Page 9 of 9
CERTIFICATE AS TO RESOLUTION AND ADOPTING VOTE
I, the undersigned, being the duly qualified and acting recording officer of the City of
Bozeman, Montana (the “City”) hereby certify that the attached resolution is a true copy of
Resolution No. 4983, entitled: “A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF BOZEMAN, RELATING TO SPECIAL IMPROVEMENT DISTRICT NO. 750 FOR
LOCAL IMPROVEMENTS TO NORTH TRACY AVENUE; DECLARING IT TO BE THE
INTENTION OF THE CITY COMMISSION TO CREATE THE DISTRICT FOR THE
PURPOSE OF UNDERTAKING CERTAIN LOCAL IMPROVEMENTS AND FINANCING
THE COSTS THEREOF AND INCIDENTAL THERETO THROUGH THE ISSUANCE OF
MUNICIPAL WARRANTS” (the “Resolution”), on file in the original records of the City in my
legal custody; that the Resolution was duly adopted by the City Commission of the City at a
meeting on February 4, 2019, and that the meeting was duly held by the City Commission 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 Commissioners voted in favor thereof: ______________________________________
_____________________________________________________________________________;
voted against the same: __________________________________________________________;
abstained from voting thereon: ____________________________________________________;
or were absent: ________________________________________________________________.
WITNESS my hand officially this 5th
day of February, 2019.
_______________________________________
ROBIN CROUGH
City Clerk
115
N TRACY AVE
N BLACK AVE
N WILLSON AVE
E PEACH ST
W PEACH ST
W SHORT ST
E SHORT ST
City of Bozeman
N. TRACY EXHIBIT AVE. A - S.I.D.
Legend
N Tracy Ave - S.I.D.
Parcels
¯
116
EXHIBIT B
Property Address Property Owner Property Owner #2 Mailing Address City State Zip Parcel # Legal Description Assessable Lot Total 2018
Frontage Assessment Amount Market Value
519 N Tracy Ave Murphy, William 519 N Tracy Ave Bozeman MT 59715‐3530 RGH5871 BEALLS 3RD ADD, S07, T02 S, R06 E, BLOCK 1, Lot 1 ‐ 2 46 $ 6,360.01 $ 319,500.00
517 N Tracy Ave Champe, Charles G Haller, Ann H 517 N Tracy Ave Bozeman MT 59715‐3530 RGH5870 BEALLS 3RD ADD, S07, T02 S, R06 E, BLOCK 1, Lot 3 ‐ 4 50 $ 6,913.05 $ 305,400.00
515 N Tracy Ave Champe, Charles G Haller, Ann H 515 N Tracy Ave Bozeman MT 59715‐3530 RGH5872 BEALLS 3RD ADD, S07, T02 S, R06 E, BLOCK 1, Lot 5 ‐ 6 50 $ 6,913.05 $ 307,700.00
511 N Tracy Ave Sandiland, Douglas S Trust McConnell, Mike Trustee 511 N Tracy Ave Bozeman MT 59715‐3530 RGH5328 BEALLS 3RD ADD, S07, T02 S, R06 E, BLOCK 1, Lot 7 ‐ 8 50 $ 6,913.05 $
315,800.00
505 N Tracy Ave Boik, Robert J & Barbara L 505 N Tracy Ave Bozeman MT 59715‐3530 RGH5072 BEALLS 3RD ADD, S07, T02 S, R06 E, BLOCK 1, Lot 9 ‐ 10 50 $ 6,913.05 $ 315,500.00
501 N Tracy Ave Robinson, Karen & Chris Grein, Jamie 501 N Tracy Ave Bozeman MT 59715‐3530 RGH2327 BEALLS 3RD ADD, S07, T02 S, R06 E, BLOCK 1, Lot 11 ‐ 12 50 $ 6,913.05 $ 338,900.00
2 E Peach St Tita, George E & Lisa Ann 1 McClintock Ct Irvine CA 92617‐4046 RGH4549 BEALLS 2ND ADD, S07, T02 S, R06 E, BLOCK F, Lot 11A 60.7 $ 8,392.45 $ 306,400.00
518 N Tracy Ave Sickler, Peter 518 N Tracy Ave Bozeman MT 59715‐3531 RGH5009 BEALLS 2ND ADD, S07, T02 S, R06 E, BLOCK F, Lot 13 45 $ 6,221.75 $ 312,600.00
514 N Tracy Ave Marcinek, Matthew Easton, Lisa 514 N Tracy Ave Bozeman MT 59715‐3531 RGH6378 BEALLS 2ND ADD, S07, T02 S, R06 E, BLOCK F, Lot 15, S2 lot 14 45 $ 6,221.75 $ 376,800.00
512 N Tracy Ave Todd, Melissa Nixon, Clive 512 N Tracy Ave Bozeman MT 59715‐3531 RGH2789 BEALLS 2ND ADD, S07, T02 S, R06 E, BLOCK F, Lot 16, N 20' lot 17 50 $ 6,913.05 $ 311,900.00
506 N Tracy Ave Hannon, Sally Anona Trust 506 N Tracy Ave Bozeman MT 59715‐3531 RGH1821 BEALLS 2ND ADD, S07, T02 S, R06 E, BLOCK F, Lot 18, S 10' Lot 17 50 $ 6,913.05 $ 318,700.00
502 N Tracy Ave Walk, Seth & Heather 502 N Tracy Ave Bozeman MT 59715‐3531 RGH6128 BEALLS 2ND ADD, S07, T02 S, R06 E, BLOCK F, Lot 20, s 20' Lot 19 50.69 $ 7,008.45 $ 391,500.00
439 N Tracy Ave Minor, Mary Kay 439 N Tracy Ave Bozeman MT 59715‐3528 RGH1549 BEALLS 3RD ADD, S07, T02 S, R06 E, BLOCK 2, Lot 1 ‐ 2 63 $ 8,710.45 $ 372,400.00
433 N Tracy Ave Jelinski, John B & Jane Mary 433 N Tracy Ave Bozeman MT 59715‐3528 RGH3631 BEALLS 3RD ADD, S07, T02 S, R06 E, BLOCK 2 74.91 $ 10,357.14 $ 431,000.00
427 N Tracy Ave Dowdin, Lawrence & Bateson, Mary 427 N Tracy Ave Bozeman MT 59715‐3528 RGH5087 BEALLS 3RD ADD, S07, T02 S, R06 E, BLOCK 2, Lot 6 ‐ 8 75 $ 10,369.58 $ 419,900.00
423 N Tracy Ave Wolfe, Chaundera & Gentner, Jesse 423 N Tracy Ave Bozeman MT 59715‐3528 RGH1269 BEALLS 3RD ADD, S07, T02 S, R06 E, BLOCK 2, Lot 9 ‐ 10 50 $ 6,913.05 $ 418,300.00
415 N Tracy Ave Raven Assets LLC 11 E Lamme St Bozeman MT 59715‐3614 RGH2870 BEALLS 3RD ADD, S07, T02 S, R06 E, BLOCK 2, Lot 11 ‐ 13 75 $ 10,369.58 $ 356,300.00
411 N Tracy Ave Comarratta, Mark & Kathleen 405 S Tracy Ave Bozeman MT 59715‐5277 RGH5190 BEALLS 3RD ADD, S07, T02 S, R06 E, BLOCK 2, Lot 14 ‐ 15 N 7' lot 16 57 $ 7,880.88 $ 278,300.00
405 N Tracy Ave Lori Martindale 200 Lower School Rd Belgrade MT 59714‐8478 RGH5052 BEALLS 3RD ADD, S07, T02 S, R06 E, BLOCK 2, Lot 17 ‐ 18 S 18' LOT 16 68 $ 9,401.75 $ 469,900.00
403 N Tracy Ave Jermyn, Casey 403 N Tracy Ave Bozeman MT 59715‐3528 RGH4333 BEALLS 3RD ADD, S07, T02 S, R06 E, BLOCK 2, Lot 19 ‐ 20 50 $ 6,913.05 $ 421,900.00
440 N Tracy Ave Tuttle, Barbara K & P. Randall 10388 Dustin Rd Remsen NY 13438‐4240 RGH6702 BEALLS 2ND ADD, S07, T02 S, R06 E, BLOCK E, LOTS 19 & 20 60.14 $ 8,315.02 $ 374,300.00
434 N Tracy Ave Reach Inc 322 Gallatin Park Dr Bozeman MT 59715‐7909 RGH5054 BEALLS 2ND ADD, S07, T02 S, R06 E, BLOCK E, Lot 21 ‐ 22 60 $ 8,295.66 $ 561,201.00
430 N Tracy Ave Wittie, Kasia & Larry 430 N Tracy Ave Bozeman MT 59715‐3529 RGH1686 BEALLS 2ND ADD, S07, T02 S, R06 E, BLOCK E, Lot 23 ‐ 24 60 $ 8,295.66 $ 525,800.00
426 N Tracy Ave Maxfield Kate Trust 1503 Clifton St Santa Barbara CA 93103‐2878 RGH4201 BEALLS 2ND ADD, S07, T02 S, R06 E, BLOCK E, Lot 25 ‐ 26 60 $ 8,295.66 $ 316,500.00
422 N Tracy Ave Messer, Ishmael Cager Barrell, Karla Jean 422 N Tracy Ave Bozeman MT 59715‐3529 RGH5302 BEALLS 2ND ADD, S07, T02 S, R06 E, BLOCK E, Lot 27, N 20' LOT 28 50 $ 6,913.05
$ 409,700.00
416 N Tracy Ave Visscher, Anna S Davis, Edward Kent Jr 416 N Tracy Ave Bozeman MT 59715‐3529 RGH5019 BEALLS 2ND ADD, S07, T02 S, R06 E, BLOCK E, Lot 29, S 10' LOT 28 40 $ 5,530.44 $
313,753.00
414 N Tracy Ave Hainsworth, Pamela Cowan, Jay 414 N Tracy Ave Bozeman MT 59715‐3529 RGH5189 BEALLS 2ND ADD, S07, T02 S, R06 E, BLOCK E, Lot 30 43.3 $ 5,986.70 $ 329,700.00
402 N Tracy Ave Eckenrod, Brian J 402 N Tracy Ave Bozeman MT 59715‐3529 RGH2396 BEALLS 2ND ADD, S07, T02 S, R06 E, BLOCK E, Lot 32 ‐ 35 140 $ 19,356.55 $ 339,600.00
Totals 1623.74 $ 224,500.00 $ 10,259,254.00
50% share $ 224,500.00
$ / foot $ 138.26
117
EXHIBIT C
Item Description Unit Est. Quantity Unit Price Total Price
101 Taxes, Bonds, Insurance L.S. 1 $ 8,000.00 $ 8,000.00
102 Mobilization L.S. 1 $ 20,000.00 $ 20,000.00
103 Unclassified Excavation Above Subgrade C.Y. 2,100 $ 20.00 $ 42,000.00
104 Remove Existing Concrete Curb L.F. 1,842 $ 5.50 $ 10,131.00
105
Remove Existing Concrete Sidewalk, Ped
Ramps, and Drive & Alley Approaches S.F. 2,281
$ 3.00 $ 6,843.00
106 Geotextile Separation Fabric S.Y. 4,320 $ 1.10 $ 4,752.00
107 3" Minus Uncrushed Subbase C.Y. 1,200 $ 30.00 $ 36,000.00
108 1" Minus Crushed Base Course C.Y. 600 $ 38.00 $ 22,800.00
109 Asphalt Concrete Pavement 3" Thickness S.Y. 2,930 $ 15.00 $ 43,950.00
110 Concrete Curb and Gutter L.F. 1,842 $ 16.00 $ 29,472.00
111
Ped Ramps, Drive and Alley Approach, and
Sidewalk (6" Depth) S.F. 1,971
$ 10.50 $ 20,695.50
112 Concrete Sidewalk 4" Depth S.F. 500 $ 8.50 $ 4,250.00
113 Concrete Fillets & Double Gutters S.F. 552 $ 13.00 $ 7,176.00
114 ADA Detectable Warning Panel S.F. 144 $ 50.00 $ 7,200.00
115 4" Sch 80 PVC Utility Conduit L.F. 230 $ 15.00 $ 3,450.00
116 Topsoil, Sod & Site Restoration L.S. 1 $ 6,000.00 $ 6,000.00
117 Boulevard Topsoil Excavation C.Y. 25 $ 30.00 $ 750.00
118 Traffic Control L.S. 1 $ 14,000.00 $ 14,000.00
119 2" Square Tube Metal Posts L.F. 143 $ 45.00 $ 6,435.00
120 Aluminum Signs S.F. 18 $ 40.00 $ 720.00
121 Epoxy Pavement Marking (Curb, Top &
Face) GAL 8 $ 290.00 $ 2,320.00
122 Construction Staking & Quality Assurance L.S. 1 $ 14,000.00 $ 14,000.00
123 Exploratory Excavation HR 5 $ 300.00 $ 1,500.00
124 Miscellaneous Work EA 50,000 $ 1.00 $ 50,000.00
TOTAL SCHEDULE 1 BID $ 362,444.50
Item Description Unit Est. Quantity Unit Price Total Price
401 Remove Existing Storm Drain Inlet EA 2 $ 400.00 $ 800.00
402 12" SDR 35 PVC Storm Sewer Pipe L.F. 56 $ 50.00 $ 2,800.00
403 Reset 12" RCP Storm Sewer Pipe L.F. 56 $ 50.00 $ 2,800.00
404 Standard Storm Drain Inlet EA 1 $ 2,700.00 $ 2,700.00
405 Combo 4' Dia. Storm Inlet/Manhole EA 2 $ 3,500.00 $ 7,000.00
406 Connection to Existing Storm Manhole EA 3 $ 1,800.00 $ 5,400.00
407 Miscellaneous Costs EA 5000 $ 1.00 $ 5,000.00
TOTAL SCHEDULE 4 BID $ 26,500.00
TOTAL COMBINED SCHEDULE 1 AND 2 $ 388,944.50
W/ 15% Contingency $ 447,286.18
Schedule 2: Installation of new storm sewer mains, manholes, laterals, and inlets on East
Olive, South Bozeman, South Black, and South Church
Engineers Estimate
2019 North Tracy Avenue Street Reconstruction
Engineers Estimate
118