Fiscal Note
The proposed resolution approves plans, specifications, and a schedule of assessments for S. Owen Drive, Keating Terrace and Caromar Drive Resurfacing - 2022 at an estimated cost of $ 2,154,000. Funding is available in the following MUNIS accounts:
Storm (13706-84-174): $254,000
Sanitary (13706-83-173): $910,000
Street (13706-402-170): $805,000
Street Stm (13706-402-174): $185,000
Assessments: $214,000
City Cost: $1,940,000
Title
Approving Plans, Specifications, And Schedule Of Assessments For S. Owen Drive, Keating Terrace and Caromar Drive Resurfacing Assessment District - 2022. (11th AD)
Body
The Board of Public Works and the City Engineer having made reports of all proceedings in relation to the improvement of S. Owen Drive, Keating Terrace and Caromar Drive Resurfacing Assessment District - 2022 (11th AD) pursuant to a resolution of the Common Council, Resolution No. RES-22-00013, ID No. 68746, adopted 1/10/2022, 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 $1,940,000 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 & sp...
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