Fiscal Note
The proposed resolution approves plans, specifications, and a revised schedule of assessments for the W. Wilson and S. Broom Street Assessment districts at an estimated total cost of $4,485,000, including $355,755 in assessments and $4,129,245 in City costs.
As reference, project funding for these assessments have previously been reviewed and adopted on 11/17/2020 in file RES-20-00745 (File # 62643). The update reflects changes to the City’s assessment policy (adopted under RES-22-00723) and current construction cost.
Funds are available in Acct. No.
11986-402-170: $1,900,000 (Street)
11986-402-174: $130,000 (Street Storm)
11986-84-174: $440,000 (Storm)
11986-83-173: $610,000 (Sanitary)
11986-86-179: $650,000 (Water)
11986-402-176: $420,000 (Traffic Signals)
11986-402-177: $335,000 (Street Lights)
Total Cost: $4,485,000
Assessments: $355,755
City Cost: $4,129,245
Title
Approving Plans, Specifications, And Revised Schedule Of Assessments For W. Wilson Street and S. Broom Street Assessment District - 2021.(4th AD)
Body
The Board of Public Works and the City Engineer having made reports of all proceedings in relation to the improvement of W. Wilson Street and S. Broom Street Assessment District - 2021 pursuant to a resolution of the Common Council, Resolution No. RES-20-00638, ID No. 61802, adopted 9/15/2020, 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 plans, specifications, and schedule of assessments were previously approved under Resolution No. RES-20-00745, ID No. 62643, and, per that resolution, bidding was delayed on the project in order to investigate potential undergrounding of private utility lines. The street assessment policy has since been updated under Resolution No. RES-22-00723, ID No. 74024. The revised schedule of assessments reflect the change in policy and current constructio...
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