Fiscal Note
In the adopted 2017 capital budget Engineering Major Streets has budgeted $10.04 million for the resurfacing of existing streets via the Pavement Management capital program (MUNIS 10540). The proposed resolution approves plan documents for the resurfacing and associated utility improvements to the scheduled assessment district at an estimated cost of $1,330,000. Funding is provided by GO borrowing, special assessments, and associated utility funding.
Cost Estimate: $1,330,000.
Assessable cost is $125,000.
City Cost is $1,205,000.
MUNIS:
11434-402-170 - $314,500
11434-402-170-014232 - $95,500
11434-402-174 - $48,800
11434-402-174-014232 - $96,200
11434-84-174 - $55,000
11434-83-173 - $470,000
11434-86-179 - $250,000
Title
Approving Plans, Specifications, And Schedule Of Assessments For Utility Replacement with Resurfacing Assessment District - 2017.
Body
The Board of Public Works and the City Engineer having made reports of all proceedings in relation to the improvement of Utility Replacement with Resurfacing Assessment District - 2017 pursuant to a resolution of the Common Council, RES-17-00033, ID No. 45375, adopted January 3, 2017, 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 1,205,000.00 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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