Fiscal Note
The proposed resolution approves plan documents for the reconstruction of Koster Street and North Rusk Avenue at an estimated cost of $2,052,000. The project is funded within the adopted 2019 capital budget for Engineering Major Streets via the Reconstruction Streets program. Funding is provided by GO Borrowing, special assessments, and associated utility components as follows:
Major Streets - $1,050,000
Stormwater Utility - $320,000
Sewer Utility - $562,000
Water Utility - $120,000
MUNIS:
11676
Title
Approving Plans, Specifications, And Schedule Of Assessments For Koster Street and North Rusk Avenue Assessment Disrict - 2019. (14th AD)
Body
The Board of Public Works and the City Engineer having made reports of all proceedings in relation to the improvement of Koster Street and North Rusk Avenue Assessment Disrict - 2019 pursuant to a resolution of the Common Council, RES-18-00638, ID No. 52669 , adopted 9/4/2018, 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 $1,722,200 of the entire cost of said improvement.
2. That for those eligible property owners requesting construction of a rain garden in the public right-of-way adjacent to their property shall execute the necessary waiver of special assessments on forms provided by the City Engineer;
3. That the sum assigned to each separate parcel, as indicated on the attached schedule of assessment, is hereby specially assessed upon each such parcel.
4. That the Common Council determines such special assessments to be reasonable.
5. That the work or improvement be carried out in accordance with the reports as finally approved.
6. That such work or improvement represents an exercise of the police power of the City of Madison.
7. That the plans & specifications ...
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