Fiscal Note
The proposed resolution approves plans, specifications, and schedule of assessments and authorizes the Board of Public Works to advertise and receive bids for the N Franklin Avenue and Lynn Terrace Assessment District - 2025. The total estimated cost of the project is $3,949,925.10 comprised of $3,705,596.10 in City costs and $244,329.00 in assessments. Funding for the City portion of costs is available in Munis #15113. No additional appropriation is required.
Title
Approving Plans, Specifications, and Schedule of Assessments for the N Franklin Avenue and Lynn Terrace Assessment District - 2025 (District 5)
Body
The Board of Public Works and the City Engineer having made reports of all proceedings in relation to the improvement of N Franklin Avenue and Lynn Terrace pursuant to a resolution of the Common Council, Resolution No. XXXX (available after 9/24/2024) , ID No 85092 adopted 9/24/2024, which resolution was adopted in accordance with Sec. 66.0701 (formerly Sec. 66.62) of the Wisconsin Statutes and Sec. 4.09 of the Madison General Ordinances and having in all things duly conformed to the order of the Common Council in relation 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 $3,705,596.10 of the entire cost of said improvement, and that the sum assigned to each separate parcel, as indicated on the attached schedule of assessment, is hereby specially assessed upon each such parcel.
2. That the Common Council determines such special assessments to be reasonable.
3. That the work or improvement be carried out in accordance with the reports as finally approved.
4. That such work or improvement represents an exercise of the police power of the City of Madison.
5. That the plans & specifications and schedule of assessments in the Report of t...
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