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 improvement represents an exercise of the police power of the City of Madison.
6. That the plans & specifications and schedule of assessments in the Report of the Board of Public Works and the Report of the City Engineer for the above named improvement be and are hereby approved.
7. That the due date by which all such special assessments shall be paid in full is October 31st of the year in which it is billed, or,
8. That such special assessments shall be collected in fifteen (15) equal installments, with interest thereon at 4.0 percent per annum, except those special assessments paid in full on or before October 31st of that year.
9. That the Mayor and City Clerk are hereby authorized to accept dedication of lands and/or easements from the Developer/Owner for public improvements located outside of existing public fee title or easement right-of-ways.
10. That the Mayor and City Clerk are hereby authorized to enter into agreement(s) with Dane County for cost sharing and maintenance on the project.
INSTALLMENT ASSESSMENT NOTICE
Notice is hereby given that a contract has been (or is about to be) let for Buckeye Road Assessment District - 2019 and that the amount of the special assessment therefore has been determined as to each parcel of real estate affected thereby and a statement of the same is on file with the City Clerk; it is proposed to collect the same in fifteen (15) installments, as provided for by Section 66.0715 of the Wisconsin Statutes, with interest thereon at 4.0 percent per annum; that all assessments will be collected in installments as above provided except such assessments on property where the owner of the same has paid the assessment to the City Treasurer on or before the next succeeding November 1st.
NOTICE OF APPEAL RIGHTS
"Pursuant to Sec.4.09(14), Madison General Ordinances, as authorized by Sec. 66.0701(2), Wisconsin Statutes, any person against whose land a special assessment has been levied by this resolution has the right to appeal therefrom in the manner prescribed in Sec. 66.0703(12), Wisconsin Statutes, within forty (40) days of the day of the final determination of the Common Council, said date being the date of adoption of this resolution."