Fiscal Note
The 2017 adopted capital budget includes $697,000 for Traffic Signal Installation (Munis #10427) funded by GO Borrowing ($391,763), Developer Funding ($100,000), Special Assessments ($95,237), County Sources (30,000), State Sources ($50,000), and Other Governments ($30,000). Resolution RES-17-00382 amended the Traffic Engineering capital budget by adding Special Assessment authority of $116,102 for the Colony Drive and South Gammon Road signal. The proposed resolution approve plans, specifications, and schedule of assessments for the installation of traffic signals at Colony Drive and South Gammon Road Traffic Signal Assessment District and for installation of a westbound right turn lane for signal operation. The cost of the project is $238,000; $121,535 for the City’s portion, funded by GO Borrowing and $116,465 funded by Special Assessments.
Title
Approving plans, specifications, and schedule of assessments for the installation of traffic signals at Colony Drive and South Gammon Road Traffic Signal Assessment District, and for installation of a westbound right turn lane for signal operation, and rescinding RES-17-00349, ID No. 46761, adopted May 2, 2017. (9th and 19th AD)
Body
WHEREAS, the Common Council of the City of Madison adopted a preliminary resolution, declaring its intention to exercise police powers and special assess 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 rescinding RES-17-00349, ID No. 46761, adopted May 2, 2017; 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 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 Stat...
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