Fiscal Note
The proposed resolution approves plans, specifications, and a schedule of assessments for Braxton Place and La Mariposa Lane Assessment District - 2022 at an estimated cost of $1,635,000, including $859,873.25 in assessments. Funding is available in the following MUNIS accounts:
13169-402-170 La Mariposa Ln - STREET $300,000
13169-402-174 La Mariposa Ln - STREET STORM $30,000
13169-84-174 La Mariposa Ln - STORM $200,000
13169-83-173 La Mariposa Ln - SANITARY $200,000
13169-402-177 La Mariposa Ln - LIGHTING $90,000
13169-402-178 La Mariposa Ln - FIBER NETWORK $15,000
Total Cost: $835,000.00 (Includes 15% Engineering)
Assessments: $792,016.25
City Cost: $42,983.75
14110-402-170 Braxton Pl Resurfacing - STREET $700,000
14110-402-174 Braxton Pl Resurfacing - STREET STORM $30,000
14110-84-174 Braxton Pl Resurfacing - STORM $5,000
14110-83-173 La Mariposa Ln - SANITARY $5,000
Total Cost: $740,000 (Includes 15% Engineering)
Assessments: $67,857
City Cost: $672,143
14111-403-172 La Mariposa Bike Path - BIKE PATH $30,000
14111-403-177 La Mariposa Bike Path - PATH LIGHTING $30,000
Total Cost: $60,000 (Includes 15% Engineering)
Assessments: $0
City Cost: $60,000
No additional appropriation is required.
Title
Approving Plans, Specifications, And Schedule Of Assessments For Braxton Place and La Mariposa Lane Assessment District - 2022. (13th AD)
Body
The Board of Public Works and the City Engineer having made reports of all proceedings in relation to the improvement of Braxton Place and La Mariposa Lane Assessment District - 2022 pursuant to a resolution of the Common Council, RES-20-00117 ID No 69480, adopted 2/22/2022 which resolution was adopted thereto, and the provisions of the Madison General Ordinances and the Wisconsin Statutes in such case made and provided, and the Common Council being fully advised.
BE IT RESOLVED:
1. That the City at large is justly chargeable with and shall pay the sum of $775,126.75 of the entire cost of said improvement.
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