Fiscal Note
The proposed resolution approves plans, specifications, and a schedule of assessments for S. Owen Drive Assessment District - 2023 at an estimated cost of $2,105,650.00 including $193,529.66 in assessments. Funding is available in the following MUNIS accounts:
14080-402-170 (Street) $695,750.00
14080-402-174 (Street Storm) $93,150.00
14080-84-174 (Storm) $385,250.00
14080-83-173 (Sanitary) $931,500.00
Total Cost: $2,105,650.00
Assessments: $193,529.66
City Cost: $1,912,120.34
Title
Approving Plans, Specifications, And Schedule Of Assessments For S. Owen Drive Assessment District - 2023. (5th AD)
Body
The Board of Public Works and the City Engineer having made reports of all proceedings in relation to the improvement of S. Owen Drive Assessment District - 2023 pursuant to a resolution of the Common Council, Resolution No. RES-22-00675, ID No. 73732, adopted 10/11/2022, 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 $1,912,120.34 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 be carried out in accordance with the reports as finally approved.
6. That such work or improvement represents an exercise of the police power of the City of Madison.
7. That the plans & specifications and schedule of assessments in the Report of ...
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