Fiscal Note
The total projected cost of the project is $3,530,540; the City share of the cost is $3,530,540. Funds for the project are budgeted in MUNIS projects 11099 and 10024. The project will be funded through a combination of GO borrowing, revenue bonds (water and sewer), and special assessments. The breakdown of project costs is included below:
Project String Amount
Major Streets 11099-402-170 861,000
Major Streets-Stormwater 11099-402-174 54,000
Traffic Signals 11099-402-176 150,000
Street Lights 11099-402-177 10,000
Sewer 11099-83-173 1,108,000
Information Technology 10024-17-200 100,000
Water 11099-86-179 1,300,000
TOTAL 3,583,000
Title
Approving Plans, Specifications, And Schedule Of Assessments For Cottage Grove Road Resurfacing Assessment District - 2016.
Body
The Board of Public Works and the City Engineer having made reports of all proceedings in relation to the improvement of Cottage Grove Road Resurfacing Assessment District - 2016 pursuant to a resolution of the Common Council, RES-16-00023, ID No. 41109, adopted 41109, 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 $3,530,540.00 of the entire cost of said improvement.
2. That for those eligible property owners requesting construction of a rain garden in the public right-of-way adjacent to their property shall execute the necessary waiver of special assessments on forms provided by the City Engineer;
3. That the sum assigned to each separate parcel, as indicated on the attached schedule of assessment, is hereby specially assessed upon each such parcel.
4. That the Common Council determines such special assessments to be reasonable.
5. That the work or improvement be carried out in ac...
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