Fiscal Note
Engineering’s major capital project Rural to Urban Streets (MUNIS 10204) has authorized budget of $4 million in the adopted 2016 capital budget to reconstruct streets with substandard pavement. The 2016 minor project for Turner Ave. (MUNIS 10904) is budgeted for the planned cost in this proposed resolution. The funding source for the majority of the project is from GO Borrowing.
The proposed resolution approves plan documents for the Turner Ave., Allis Ave., and Maher St. assessment district. The total project cost is $2,756,110 with the budgeted amounts assigned as follows:
Engineering Major Streets - $1,178,545
Stormwater - $264,681
Sewer - $722,884
Water - $590,000
Total Cost $2,756,110
City Share $2,294,035
Asssessment $462,075
Acct. No. 10904-402-170 $1,043,275
Acct. No. 10904-402-174 $135,270
Acct. No. 10904-84-174 $250,641
Acct. No. 10904-84-174-84500 $ 14,040
Acct. No. 10904-83-173 $722,884
Acct. No. 10904-86-179 $590,000
Title
Approving Plans, Specifications, And Schedule Of Assessments For Turner Avenue, Allis Avenue and Maher St Assessment District - 2016 and Authorizing the Mayor and City Clerk to enter into a Cost Sharing Agreement with the Town of Blooming Grove for the Allis Avenue Construction.
Body
The Board of Public Works and the City Engineer having made reports of all proceedings in relation to the improvement of Turner Avenue, Allis Avenue and Maher St Assessment District - 2016 pursuant to a resolution of the Common Council, RES-16-00108, ID No. 41420, adopted 2/2/16, 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 $2,294,035 of the entire cost of said improvement....
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