City of Madison - File #: 03790

• File #: 03790
• Version: 1
• Name: Approving Plans, Specifications, And Schedule Of Assessments For Union Corners Reconstruction Assessment District - 2006 (Union Corners, Winnebago Street)
• Type: Resolution
• Status: Passed
• File created: 5/30/2006
• In control: Engineering Division
• On agenda: 6/20/2006
• Final action: 6/20/2006
• Enactment date: 6/22/2006
• Enactment #: RES-06-00531
• Title: Approving Plans, Specifications, And Schedule Of Assessments For Union Corners Reconstruction Assessment District - 2006 (Union Corners, Winnebago Street). (6th AD)
• Sponsors: Common Council By Request

Date	Ver.	Action By	Action	Result
6/20/2006	1	COMMON COUNCIL	Adopt and Close the Public Hearing	Pass
6/13/2006	1	Finance Dept/Approval Group	Approved Fiscal Note By The Comptroller's Office
6/9/2006	1	Engineering Division	Fiscal Note Required / Approval
6/7/2006	1	BOARD OF PUBLIC WORKS	RECOMMEND TO COUNCIL TO ADOPT - PUBLIC HEARING	Pass

Fiscal Note
The public improvement project plans and special assessments approved in this resolution are intended to serve the proposed Union Corners redevelopment project. The estimated total cost of the public improvement project is $944,200 (City cost $431,004.25 / Assessments $513,195.75). This project is not included and funds are not available in the Adopted 2006 Capital Budget. A separate budget amendment will be required before project bids could be accepted.

It is anticipated that the City portion of these costs would be funded with TIF revenues. However, creation of the associated TIF district has not yet been approved by the Common Council or the Joint Review Board, nor has the district been certified by the State Department of Revenue. Common Council approval of TIF district creation is tentatively scheduled for July 18th, 2006, and DOR certification is anticipated during the first quarter of 2007. If DOR does certify the district, than expenditures associated with this proposed public improvement project which occur after Council adoption will be eligible for reimbursement from future TIF increment generated within the newly created district.
Title
Approving Plans, Specifications, And Schedule Of Assessments For Union Corners Reconstruction Assessment District - 2006 (Union Corners, Winnebago Street). (6th AD)
Body
The Board of Public Works and the City Engineer having made reports of all proceedings in relation to the improvement of Union Corners Reconstruction Assessment District - 2006 pursuant to a resolution of the Common Council, Resolution No. 06-00398, ID No. 03452, adopted May 2, 2006, 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...