Fiscal Note
ES01-54901-542320-00-53B3128
Title
Approving Schedule of Assessments for 633 W. Badger Road MMSD Sewer Area Charges Assessment District. (14th AD)
Body
PREAMBLE:
The owner of the property located at 633 W. Badger Road has elected to have the City of Madison assist in paying an outstanding Madison Metropolitan Sewerage District Fee (MMSD Sewer Area Charges) and has agreed to being assessed for the entire cost of the outstanding invoice. The City shall pay the outstanding fees in full and assess the entire amount, with interest, over the course of 8 years. The property owner has signed a Waiver of Special Assessment and has agreed to the schedule of assessments.
BE IT RESOLVED:
1. That the City shall pay the entire cost of the outstanding MMSD sewer area charges, in the amount of $13,154.96.
2. The City shall assess the entire cost of the outstanding MMSD sewer area charges, in the amount of $13,154.96.
3. That the Common Council determines such special assessments to be reasonable.
4. That the special assessment represents an exercise of the police power of the City of Madison.
5. That the schedule of assessments in the Report of the Board of Public Works and the Report of the City Engineer for the above named assessment district be and are hereby approved.
6. That the due date by which all such special assessments shall be paid in full is October 31st of the year in which it is billed, or,
7. That such special assessments shall be collected in eight (8) equal installments, with interest thereon at 3.0 percent per annum, except those special assessments paid in full on or before October 31st of that year.
INSTALLMENT ASSESSMENT NOTICE
The amount of the special assessment has been determined as to each parcel of real estate affected thereby and a statement of the same is on file with the City Clerk; it is proposed to collect the same in eight (8) installments, as provided for by Section 66.0715 of the Wisconsin Statutes, with interest there...
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