Fiscal Note
The proposed resolution amends Traffic Engineering’s 2017 Adopted Capital Budget by increasing authority for the Colony Drive and South Gammon Road Traffic Signal project (Munis Project 45826) by $116,102.33 funded by Special Assessments. The City’s portion of the installation is $121,897.67 and will be funded by GO Borrowing authorized in the 2017 adopted capital budget project Traffic Signal Installation (Munis Project 10427).
Title
Amending Traffic Engineering’s 2017 Capital Budget to include the assessable expenses and funding relating to the construction of the Colony Drive and South Gammon Road Traffic Signal, and for the installation of a westbound right turn lane for signal operation. (9th and 19th AD)
Body
WHEREAS, the assessable funds required to pay for this project were not included in Traffic Engineering’s 2017 Capital budget; and
WHEREAS, the Common Council of the City of Madison adopted a preliminary resolution, declaring its intention to exercise police powers and special assessment costs for installation of traffic signals at Colony Drive and South Gammon Road and all other statutory requirements, pursuant to Section 66.0703(4), Wis. Statutes; and
WHEREAS, the Board of Public Works having reported on all the proceedings in relation to the installation of traffic signals at Colony Drive and South Gammon Road and the installation of a westbound right turn lane for signal operation in accordance with Section 66.0701 of the Wisconsin Statutes 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;
NOW, THEREFORE, BE IT RESOLVED that Traffic Engineering’s 2017 Capital Budget is amended to increase it by $116,102.33 for the assessable portion of the Colony Drive and South Gammon Road Traffic Signal, and the installation of a westbound right...
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