Fiscal Note
In the adopted 2017 capital budget Engineering Major Streets has budgeted a total of $3,468,150 for the construction of City View Drive on the City’s northeast side from Crossroads Drive to Lien Road (MUNIS 10429). Funding for this project is provided by reauthorization of $295,650 GO borrowing and $3,172,500 of Special Assessment revenue.
The proposed resolution approves plan documents and schedule of assessments for the project which is estimated at a cost of $960,000. $262,013 of the total cost is to be funded by the budgeted GO borrowing while the remaining $697,987 is to be funded via special assessment.
MUNIS:
10429-402-170 - $460,000
10429-402-174 - $45,093
10429-84-174 - $441,320
10429-83-173 - $13,087
10429-402-177 - $54,500
Title
Approving Plans, Specifications, And Schedule Of Assessments For City View Drive Assessment District - 2017.
Body
The Board of Public Works and the City Engineer having made reports of all proceedings in relation to the improvement of City View Drive Assessment District - 2017 pursuant to a resolution of the Common Council, RES-17-00177, ID No. 46100, adopted 3/10/2017, 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 $262,013.00 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 improvem...
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