Fiscal Note
No Funds Required.
Title
Declaring the City of Madison's Mineral Point Road Assessment District - 2026. (District 1 and District 9)
Body
BE IT HEREBY RESOLVED:
1. That the Common Council of the City of Madison hereby establishes an assessment district known as the Mineral Point Road Assessment District - 2026, serving Mineral Point Road from Commerce Drive to S. High Point Road, S. High Point Road from Mineral Point Road to North Greenway Drainage Property, all in accordance with Section 66.0701 (formerly Section 66.62) of the Wisconsin State Statutes and Section 4.09 of the Madison General Ordinances.
2. That the contemplated purposes of this assessment district are to remove and replace the concrete pavement and base course from the eastern Beltline ramps to S. High Point Road, asphalt pavement on Mineral Point Road from Commerce Drive to the eastern Beltline ramps and S. High Point Road from Mineral Point Road to the north Greenway Drainage Property. The project will include spot replacements of the existing curb and gutter, driveways, and sidewalk. Improvements include safety enhancements at Tree Lane/Big Sky Drive and S. High Point Road intersections. There will be a large box culvert installation on Mineral Point Road from Commerce Drive to S. High Point Road and S. High Point Road to the north Greenway Drainage Property. The shared-use path along the north side of Mineral Point Road will remain as well as the BRT station on the east side of the S. High Point Intersection.
3. That the benefited properties shall have the opportunity to pay the special assessments which may be levied as a result of this assessment district in eight (8) annual installments, subject to the current interest rate in effect at the time of establishment of the special assessment.
4. That the City Engineer is hereby directed to prepare a report consisting of preliminary or final plans and specifications; an estimate of the entire cost of the proposed work or i...
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