Fiscal Note
No Funds Required
Title
Declaring the City of Madison's Virginia Terrace, Norwood Place, Rugby Row, and Hillington Way - Assessment District 2026. (District 5)
Body
BE IT HEREBY RESOLVED:
1. That the Common Council of the City of Madison hereby establishes an assessment district known as the Virginia Terrace and Norwood Place - Assessment District 2026, serving Virginia Terrace from cul-de-sac south of Norwood Place to Regent Street, Norwood Place from Virginia Terrace to Hillington Way, Rugby Row from Virginia Terrace to Hillington Way, and Hillington Way from Norwood Place to Fox Avenue, all in accordance with Section 66.0701 (formerly Section 66.62) of the Wisconsin State Statutes and Section 4.09 of the Madison General Ordinances.
2. That the contemplated purposes of this assessment district are to remove and replace sanitary sewer main and laterals, water main, storm sewer main and laterals, base course, asphalt pavement, pavement marking, and spot replace curb and gutter, sidewalk, and driveway aprons.
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.