Fiscal Note
The proposed resolution approves plans, specifications, and a schedule of assessments for the Cedar Street and Beld Street Assessment District - 2022 at an estimated cost of $1,739,300, including $1,578,532.50 in City funds and $160,767.50 from assessments. Funding is available in the following Munis accounts:
11202-402-170 Cedar Street, Beld Street - STREET $775,000
11202-402-174 Cedar Street, Beld Street - STREET STORM $131,500
11202-84-174 Cedar Street, Beld Street - STORM $220,000
11202-83-173 Cedar Street, Beld Street - SANITARY $553,300
11202-402-177 Cedar Street, Beld Street - LIGHTING $59,500
Total Cost: $1,739,300 (Includes 15% Engineering)
Assessments: $160,767.50
City Cost: $1,578,532.50
Title
Approving Plans, Specifications, And Schedule Of Assessments For Cedar Street and Beld Street 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 Cedar Street and Beld Street Assessment District - 2022 pursuant to a resolution of the Common Council, RED-21-00567, ID No.66634, adopted 8/31/21, 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 $1,578,532.50 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...
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