City of Madison, Wisconsin | Legislative Information Center
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File #: 27745    Version: 1 Name: Accepting improvements and assessing benefits for Todd Drive (Frontage Road-McDivitt Road) Streetlight Improvement District, and rescinding Leg. File 27388, Enactment No. RES-12-00694. (14th AD)
Type: Resolution Status: Passed
File created: 9/19/2012 In control: BOARD OF PUBLIC WORKS
On agenda: 10/16/2012 Final action: 10/16/2012
Enactment date: 10/18/2012 Enactment #: RES-12-00808
Title: Accepting improvements and assessing benefits for Todd Drive (Frontage Road-McDivitt Road) Streetlight Improvement District, and rescinding Leg. File 27388, Enactment No. RES-12-00694. (14th AD)
Sponsors: BOARD OF PUBLIC WORKS
Attachments: 1. Final_Todd Drive_2012 rev.pdf
Fiscal Note
The total cost assessed for this project will be $15,000.00. The funds are available and will be recovered through special assessments in Capital Account Number CE57-58545-810412.
Title
Accepting improvements and assessing benefits for Todd Drive (Frontage Road-McDivitt Road) Streetlight Improvement District, and rescinding Leg. File 27388, Enactment No. RES-12-00694. (14th AD)
Body
BE IT RESOLVED that the street light improvement in the Todd Drive (Frontage Road-McDivitt Road) Streetlight Improvement District which has been completed, be and hereby is accepted; and that Leg. File 27388, Enactment No. RES-12-00694 hereby be rescinded.

The total cost of such improvement being: $15,000.00

Of which the City is to pay: $ -0-

And the abutting property: $15,000.00

BE IT FURTHER RESOLVED that the sum so charged to the abutting property be and hereby is assessed and levied upon said property, payable by the owners of the lots or parcels of land benefited as determined by the Board of Public Works, and in accordance with its recommendations, the amount so charged to each of the several lots or parcels of land so benefited being as follows, to-wit:

See Attached Schedule.

BE IT FURTHER RESOLVED that the property owners assessed for these improvements will be provided the following payment options:

1. The property owner may elect to pay the assessment prior to October 31st of the year in which it was billed, or pay the assessment when the property tax bill becomes due;

2. 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

3. Special assessments shall be collected in eight (8) equal installments, with interest thereon at three and one-half percent (3.5%) per annum, except those special assessments paid in full on or before October 31st of that year.

INSTALLMENT ASSESSMENT NOTICE

Notice is hereby given that the amount of the special assessment therefore has been dete...

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