Fiscal Note
The proposed resolution approves plan documents for the construction of Dairy Drive at a total estimated cost of $1,678,554. Funding for the project is provided by borrowing proceeds from TID 39, special assesments, and associated utility funding. The components of the project by agency are as follows:
Major Streets - $678,228.30
Sewer Utility - $148,176.60
Stormwater Utility - $225,001.22
Water Utility - $399,937.20
MUNIS:
Funds are available in the following Acct. Nos.:
11865-402-170 Dairy Dr - Street $613,228.30
11865-83-173 Dairy Dr - Sewer $148,176.60
11865-84-174 Dairy Dr - Storm $ 225,001.22
11865-86-179 Dairy Dr - Water $399,937.20
11865-402-177 Dairy Dr - Lighting - $65,000
Total Cost: $1,678,553.75 (Includes 15% Engineering)
Assessments: $1,451,343.32
City Cost: $227,210.43
Title
Approving Plans, Specifications, And Schedule Of Assessments For Dairy Drive Assessment District - 2019. (16th AD)
Body
The Board of Public Works and the City Engineer having made reports of all proceedings in relation to the improvement of Dairy Drive Assessment District - 2019, pursuant to a resolution of the Common Council, RES-19-00018, ID No. 53949, adopted 01/08/2019, 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 $227,201.43 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 t...
Click here for full text