Fiscal Note
In the adopted 2016 capital budget, Engineering Major Streets has budgeted $5.96 million for the major Pavement Management project (MUNIS 10540) to provide for resurfacing of existing streets. Funding comes from GO borrowing, utility fund reserves, and revenue bonds. The minor capital project for Fordem Ave Utility and Resurfacing Improvements (MUNIS 11095) has sufficient authority for the amounts in the proposed resolution. The proposed resolution approves plan specifications and schedule of assessments at a net cost of $3,409,800.
Agency MUNIS String Amount
Engineering Streets 11095-402-170 $ 1,150,000
Engineering Streets (Storm) 11095-402-174 $ 121,000
Stormwater 11095-84-174 $ 355,000
Storm Water Treatment 11095-84-174-84500 $ 16,000
Sanitary Sewer 11095-83-173 $ 750,000
Water Mains 11095-86-179 $ 1,100,000
Engineering Street Lighting 11095-402-177 $ 34,000
Total Cost: $3,526,000
Street Assessments: $72,700
Sanitary Sewer Assessments: $16,500
Storm Sewer Assessments: $27,000
City Cost: $3,409,800
Title
Approving Plans, Specifications, And Schedule Of Assessments For Fordem Avenue Resurfacing Assessment District - 2016.
Body
The Board of Public Works and the City Engineer having made reports of all proceedings in relation to the improvement of Fordem Avenue Resurfacing Assessment District - 2016 pursuant to a resolution of the Common Council, RES-16-00102, ID No. 41296, adopted 2/2/16, 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 $3,409,800 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 p...
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