Fiscal Note
The proposed resolution approves a revised schedule of assessments for the Ohmeda Drive street construction project (Munis project #13810) at an estimated cost of $3,674,100.00, including $2,157,039 in assessments and $1 million of TIF funding. The update reflects changes to the design of street lighting, sanitary sewer, storm sewer, and driveways, since the original assessments were created.
Total Cost: $3,674,100.00
Assessments: $2,157,039.08
City Cost: $1,517,060.92
As reference, project funding for these assessments have previously been reviewed and adopted on 11/22/22 in file RES-22-00773 (File # 74428)
Title
Approving Revised Schedule Of Assessments for Ohmeda Drive Assessment District - 2022. (16th AD)
Body
The Board of Public Works and the City Engineer having made reports of all proceedings in relation to the improvement of Revised Schedule of Assessments for Ohmeda Drive Assessment District - 2022 pursuant to a resolution of the Common Council, RES-22-00773, ID No. 74428, adopted 11/22/2022, 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.
The design of the street lighting, sanitary sewer, storm sewer, and driveways have changed since the original assessments were created after the assessments were adopted by the City of Madison Common Council.
BE IT RESOLVED:
1. That the original assessments approved under RES-22-00773, ID No. 74428 be deleted and replaced with the attached revised assessments dated February 8, 2023.
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 such work or improvement represents an exercise of the police power of the City of Madison.
5. That the schedule of assessments for t...
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