City of Madison, Wisconsin | Legislative Information Center
Share to Facebook Share to Twitter Bookmark and Share
File #: 42429    Version: 1 Name: Approving a 15 year payback period for Turner Avenue, Allis Avenue and Maher St Assessment District - 2016.
Type: Resolution Status: Passed
File created: 4/7/2016 In control: BOARD OF PUBLIC WORKS
On agenda: 5/3/2016 Final action: 5/3/2016
Enactment date: 5/5/2016 Enactment #: RES-16-00336
Title: Approving a 15 year payback period for Turner Avenue, Allis Avenue and Maher St Assessment District - 2016.
Sponsors: David Ahrens, Amanda Hall

Fiscal Note

Adoption of this resolution will provide a 15 year payback period for assessments. There is no substantial cost to the City associated with this action.

Title

Approving a 15 year payback period for Turner Avenue, Allis Avenue and Maher St Assessment District - 2016.

Body

WHEREAS, the Common Council adopted resolution RES-16-00108, ID No. 41420 on 2/2/16 establishing the Turner Avenue, Allis Avenue and Maher St Assessment District - 2016;

 

WHEREAS, the Common Council adopted resolution RES-16-00188, ID No. 41898 on 3/15/16 approving the Schedule of Assessments for Turner Avenue, Allis Avenue and Maher St Assessment District - 2016 with a 8 year payback period;

 

WHEREAS, past projects of similar scope have been allowed 15 year payback periods.

 

NOW, THEREFORE, BE IT RESOLVED that RES-16-00188, ID No. 41898, is amended to allow the collection of special assessments in fifteen (15) annual installments rather than eight (8) annual installments.