Fiscal Note
The proposed resolution approves a revised schedule of assessments for the Ohmeda Drive construction project (Munis #13810) at an estimated cost of $2,790,000, including $1,718,497.90 in assessments and $1,071,502.10 in Tax Increment Financing (TIF). Funding is available in Engineering - Major Streets Capital Budget.
Funds are available in Acct. No.
13810-402-170 Ohmeda Drive - STREET $1,400,000.00
13810-402-174 Ohmeda Drive - STREET STORM $425,000.00
13810-84-174 Ohmeda Drive - STORM (East Side of Road) $200,000.00
13810-83-173 Ohmeda Drive - SANITARY $300,000.00
13810-86-179 Ohmeda Drive - WATER $450,000.00
13810-402-177 Ohmeda Drive - FIBER $15,000.00
Total Cost: $2,790,000.00 (Includes 15% Engineering)
Assessments: $1,718,497.90
City Cost: $1,071,502.10
Title
Approving Revised Schedule Of Assessments for Ohmeda Drive Assessment District - 2022 (District 16).
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-23-00133, ID No. 75903, adopted 2/28/2023, 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 sanitary sewer, water, and work along Femrite Drive have changed since the original assessments were created after the original and revised assessments were adopted by the City of Madison Common Council.
BE IT RESOLVED:
1. That the revised assessments approved under RES-23-00133, ID No. 75903 be deleted and replaced with the attached revised assessments dated February 7, 2024.
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 assess...
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