Fiscal Note
In the adopted 2017 capital budget Engineering-Major Streets and the associated Utilities have budgeted $7.87 million for the replacement of deteriorated street to provide improved neighborhood roadways via the Reconstruction Streets program (MUNIS 10226). The minor project for road improvements to the Gregory Street, Knickerbocker Street, Sprague Street and Sheldon Street Reconstruction Assessment District is established with sufficient budget authority for the proposed costs in this resolution (MUNIS 10899). Funding is provided by GO Borrowing, Revenue Bonds, Utility reserves, and Special Assessments.
The proposed resolution approves plan documents at a total estimated cost of $3,775,600 split by agency as follows:
Engineering Major Streets - $1,280,000
Sewer Utility - $1,350,000
Stormwater Utility - $160,000
Water Utility - $985,600
MUNIS:
10899-402-170 $1,130,000
10899-402-174 $150,000
10899-84-174 $150,000
10899-84-174-84500 $10,000
10899-83-173 $1,350,000
10899-86-179 $985,600
Title
Approving Plans, Specifications, And Schedule Of Assessments For Gregory Street, Knickerbocker Street, Sprague Street and Sheldon Street Reconstruction Assessment District - 2017.
Body
The Board of Public Works and the City Engineer having made reports of all proceedings in relation to the improvement of Gregory Street, Knickerbocker Street, Sprague Street and Sheldon Street Reconstruction Assessment District - 2017 pursuant to a resolution of the Common Council, RES-16-00865, ID No. 44896, adopted 11/22/2016, 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 $3,295,190.00 of the entire cost of said improvement.
2. That for those eligible property...
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