Fiscal Note
The proposed resolution awards the contract for the Buckeye Road reconstruction project for a total cost of $6,968,000. Funding is provided by GO Borrowing, Dane County funding, and utility components via the amended 2019 capital budget for the Buckeye Road reconstruction project (MUNIS 10228).
City Share: $4,648,000
Dane County Share: $1,727,000
Assessable Share: $593,000
Grand Total: $6,968,000
Funds are available in the following accounts:
10228-402-170 (street) $3,206,000
10228-402-174 (storm) $960,000
10228-83-173 (sanitary) $1,282,000
10228-86-179 (water) $1,220,000
10228-402-177 (street lighting) $300,000
Federal funding intended for this project was applied to the CTH M project due to intergovernmental issues and timing. That transferred funding will not be applied to the CTH M assessments, but rather will be applied to the assessable project costs for Buckeye Road.
Title
Approving Plans, Specifications, And Schedule Of Assessments For Buckeye Road Assessment District - 2019. (15th AD)
Body
The Board of Public Works and the City Engineer having made reports of all proceedings in relation to the improvement of Buckeye Road Assessment District - 2019 pursuant to a resolution of the Common Council, RES-18-00344, ID 51249, adopted 5/1/19, 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 $6,968,000 of the entire cost of said improvement.
2. That the sum assigned to each separate parcel, as indicated on the attached schedule of assessment, is hereby specially assessed upon each such parcel.
3. That the Common Council determines such special assessments to be reasonable.
4. That the work or improvement be carried out in accordance with the reports as finally approved.
5. That such work or improveme...
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