Title
Declaring the City of Madison's intention to exercise its police powers establishing the Hillcrest Drive Drainage Assessment District. (11th AD)
Body
BE IT HEREBY RESOLVED:
1. That the Common Council of the City of Madison hereby establishes an assessment district known as the Hillcrest Drive Drainage Assessment District.
2. That the contemplated purposes of this assessment district is to construct a public storm sewer from the public Right of Way of S. Franklin Ave. to the rear of 3704 Hillcrest Drive to drain an enclosed depression to the public storm sewer system. This will remove a flooding problem in the rear of several homes. While this flooding is confined to a few lots the area contributing to this flooding problem is significantly larger.
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 improvements within the assessment district; a schedule of proposed assessments, constituting an exercise of police power of the City of Madison; and a statement that the property against which the assessments are proposed is benefited.
5. That upon completion of this aforesaid report, the City Engineer shall proceed in accordance with Section 4.09 of the Madison General Ordinances
Fiscal Note
The City portion of the assessment shall be funded from ESTM-58270-810387-00-53W0863.