Fiscal Note
Funds are available in the 2016 Capital Budget (project 10896) with additional funds to be included in the 2017 Capital Budget. Construction is scheduled for 2017.
Total $2,548,550
Assm’t $254,180
City Share $2,294,370
Street Acct 10896-402-170 $826,400
Street Storm Acct 10896-402-174 $48,600
Storm Acct 10896-84-174 $324,100
San Acct. 10896-83-173 $693,000
Water Acct 10896-86-179 $653,700
Metro Acct 85100-54250-00000 $2,750
Title
Approving Plans, Specifications, And Schedule Of Assessments For Walter Street and Sargent Street Assessment District - 2016.
Body
The Board of Public Works and the City Engineer having made reports of all proceedings in relation to the improvement of Walter Street and Sargent Street Assessment District - 2016 pursuant to a resolution of the Common Council, RES-15-00830, ID No. 40167, adopted 10/20/2015, 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 $2,294,370 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.
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