Fiscal Note
No Funds Required.
Title
Declaring the City of Madison's intention to exercise its police powers establishing the N Franklin Avenue and Stevens Street Assessment District - 2024 (District 5)
Body
BE IT HEREBY RESOLVED:
1. That the Common Council of the City of Madison hereby establishes an assessment district known as the N Franklin Avenue and Stevens Street Assessment District - 2024 (District 5), all in accordance with Section 66.0701 (formerly Section 66.62) of the Wisconsin State Statutes and Section 4.09 of the Madison General Ordinances.
2. That the contemplated purposes of this assessment district is to remove and replace base course, pavement, sanitary sewer main and laterals, water main, replace storm sewer as needed, and spot replace curb and gutter, sidewalk, and driveway aprons for N Franklin Avenue from Regent Street to University Avenue. For Stevens Street from N Franklin Avenue to Grand Avenue remove and replace base course, pavement, sanitary sewer main and laterals, replace storm sewer as needed, and spot replace curb and gutter, sidewalk, and driveway aprons from N Franklin Avenue to Grand Avenue.
3. That the benefited properties shall have the opportunity to pay the special assessments which may be levied as a result of this assessment district in eight (8) annual installments, subject to the current interest rate in effect at the time of establishment of the special assessment.
4. That the City Engineer is hereby directed to prepare a report consisting of preliminary or final plans and specifications; an estimate of the entire cost of the proposed work or i...
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