Fiscal Note
No Funds Required.
Title
Declaring the City of Madison's intention to exercise its police powers establishing the Larkin Street, Glenway St., Hillcrest Dr., Zwerg Dr. and Ross St. Resurfacing with Utilities Assessment District - 2015.
Body
BE IT HEREBY RESOLVED:
1. That the Common Council of the City of Madison hereby establishes an assessment district known as the Larkin Street, Glenway St, Hillcrest Dr, Zwerg Dr and Ross St Utilities with Resurfacing Assessment District - 2015 from Mineral Point to Hillcrest, Speedway to Regent, Glenway to Larkin, Glenway to Franklin and Glenway to Franklin all in accordance with Section 66.0701 (formerly Section 66.62) of the Wisconsin State Statutes and Section 4.09 of the Madison General Ordinances.
2. That the contemplated purposes of this assessment district is to reconstruct deteriorated curb and gutter, sidewalk and drive aprons; replace existing sanitary sewer laterals; and reconnect existing private storm sewer laterals The pavement will be resurfaced and the water and sanitary sewer will be replaced.
3. That the benefited properties shall have the opportunity to pay the special assessments which may be levied as a result of this assessment district in eight (8) annual installments, subject to the current interest rate in effect at the time of establishment of the special assessment.
4. That the City Engineer is hereby directed to prepare a report consisting of preliminary or final plans and specifications; an estimate of the entire cost of the proposed work or improvements within the assessment district; a schedule of proposed assessments, constituting an exercise of police power of the City of Madison; and a statement that the property against which the assessments are proposed is benefited.
5. That upon completion of this aforesaid report, the City Engineer shall proceed in accordance with Section 4.09 of the Madison General Ordinances.