Fiscal Note
The City costs associated with the development of the Metrotech Plat was expensed in the Materials/Compaction capital project (810378). In 2009, the Special Assessent fund financed the captial project. Payments of the special assessment will be recognized as revenue in the Special Assessment fund. CA01-72120-000000-00-0000000-00000000-00000000.
City Share $0
Assessable $12,356.01
Total Cost $12,356.01
Title
Approving Assessments For Metrotech Plat Assessment District - 2010.
Body
The Board of Public Works and the City Engineer have made reports of all proceedings in relation to the improvements of Metrotech Plat Assessment District - 2010 pursuant to a resolution of the Common Council, RES-10-00242, ID 17419, adopted 3/16/2010, 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 has paid a sum of $12,356.01 towards costs associated with the development of the Metrotech Plat to help facilitate the right of way acquisition, engineering, inspection and testing services as required under Subdivision Contract No. 1889.
2. That the Developer, Metro-Tech, LLC was unable to pay for the associated costs incurred by the City of Madison to help facilitate the development of the Metrotech Plat and has requested that the City assess the fees to the lots controlled by the developer.
3. That the City has required that the developer, Metro-Tech, LLC execute a waiver of hearing and notice for the public hearing and assessments associated with the Metrotech Plat Assessment District - 2010.
4. That the sum assigned to each parcel, as indicated on the attached schedule of assessment, is herby specially assessed upon each such parcel.
5. That the Common Council determined such assessments to be reasonable.
6. That such costs associated with the assessments represents an exercise of the ...
Click here for full text