Fiscal Note
Funds are available in Acct. No. CL60-58201-810625-00-53W1604-00000000-00000000
The 2014 Adopted Capital Budget includes funding for the construction of phases 1A and 1B of the Central Park project (Pr. #23 Parks Division, Acct#810625). This contract is for phase 1B. The City’s funding for construction includes Park Impact Fees and G.O. Debt.
Estimated Construction Cost:
Total Project Cost: $ 358,000.00
State/Federal Cost $ 190,000.00
City Cost $ 150,166.00
Assessments $ 17,834.00
Title
Approving Schedule of Assessments for Central Park Phase IB Sidewalk Assessment District. (6th AD)
Body
PREAMBLE
The City is proposing construction of the Central Park project, an urban park located in the East Isthmus Corridor on the near east side. City has received approximately $3.1 million from a Federal grant for the construction and land acquisition for this project. The initial construction of the Park will be broken into 2 phases. Phase 1A was constructed in 2013 and Phase 1B will be constructed in 2014. Funding for the construction of Phase 1B of this project is included in the 2014 Adopted Capital Budget and the 2014 Executive Capital Budget as Recommended by the Board of Estimates.
Approving Schedule Of Assessments For Central Park Phase IB Sidewalk Assessment District. The Board of Public Works and the City Engineer having made reports of all proceedings in relation to the improvement of Central Park Phase IB Sidewalk Assessment District pursuant to a resolution of the Common Council, RES-12-00419, ID No. 26321, adopted 6/12/2012, which resolution was adopted thereto, and File ID 34429, which will be adopted on 7/1/2014 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 $150,166.00 of the entire cost of said improvement.
2. That the sum assigned to each...
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