Fiscal Note
In the adopted 2016 capital budget Engineering - Major Streets has budgeted $4.027 million for the reconstruction of streets with substandard pavement quality under major program Rural to Urban Streets (MUNIS 10204). The minor project for the N. Sherman Ave project (MUNIS 10217) is established with sufficient budget authority for the estimated project cost. Funding for the project is a combination of GO borrowing and Assessments.
The proposed resolution approves plan documents and schedule of assessments at a total estimated cost of $319,000 to the city and $255,000 via assessment. The split of other associated costs by agency for the project will be is as follows:
Engineering Major Streets $425,000
Stormwater Utility $367,000
Water $170,000
Total $962,000
MUNIS:
Street Acct. 10217-402-170 $388,000
Streets Storm Acct. 10217-402-174 $37,000
Stormwater Acct. 10217-84-174 $367,000
Water Acct. 10217-86-179 $170,000
Title
Approving Plans, Specifications, and Schedule of Assessments for N. Sherman Avenue 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 N. Sherman Avenue Assessment District - 2016 pursuant to a resolution of the Common Council, RES-16-00297, ID 42340, adopted 4/19/2016, which resolution was adopted in accordance with Sec. 66.0701 (formerly Sec. 66.62) of the Wisconsin Statutes and Sec. 4.09 of the Madison General Ordinances and having in all things duly conformed to the order of the Common Council in relation 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 $319,000 of the entire cost of said improvement, and that the sum assigned to each separate parcel, as indicated on the attached schedule of assessme...
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