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2000-462000 SIDEWALK PROGRAM RESOLUTION NO. 2000-46 24 APRIL 2000 CITY OF JANESVILLE RESOLUTION WHEREAS, the Common Council of the City of Janesville desires the installation of standard concrete sidewalks in front of the parcels of land described below where standard concrete sidewalks have not been constructed; and WHEREAS, the Common Council desires that the construction of these sidewalks be effectuated pursuant to the empowerment and according to the procedures set forth in Wisconsin Statute Section 66.615 (3); and WHEREAS, The City anticipates that monies, other than the proceeds of any outstanding debt of the City, will be expended by the City with respect to such capital improvements. The City reasonably expects to be reimbursed for such expenditures with proceeds of its debt. The maximum principal amount of debt expected to be issued for the reimbursement of such expenditures is $1,000,000. No funds from sources other than the debt referred to above are, or are expected to be, reserved, allocated on a long-term basis, or otherwise set aside by the City or any entity controlled by the City pursuant to its budget or financial policies with respect to the Projects. This is consistent with the budgetary and financial circumstances of the City. Copies of this Resolution shall be made available for public inspection in the manner required by law. This Resolution is a declaration of official intent under Treasury Regulation Section 1.103.18; WHEREAS, the expenses to be charged against abutting property owners may be: (a) paid in cash upon completion of the work; or (b) paid with the taxes the first year following completion of the work; or (c) at the election of the property owner, spread over a period of five (5) years with interest at eight percent (8 %) per annum on the unpaid balance. The first installment on the five-year plan shall include one-fifth of the principal with the interest for November and December on the unpaid portion and shall be so entered in the tax roll. Each of the subsequent installments shall be entered in each of the annual tax rolls thereafter until all are collected. Deferred payment on the aforementioned installments shall bear interest at eight percent (8 %) per annum. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Janesville that, pursuant to Wisconsin Statute Section 66.615 (3), standard concrete sidewalks shall be constructed in front of all herein described parcels of property where standard concrete sidewalks have not been constructed along the following streets: SIDE STREET FROM TO ....................... ~/ ~ Drive 6. East N. Wright Road Cu~ L~e 7. No~h R~dolph Road Momingside Drive 8. East Green Valley Drive R~dolph Road 10. * East S. ~a~nut Street Lapham Street · * Deleted by Counc~ action. 5/22/00 Added by Counc~ action 4/24/00. USH 14 Green Valley Drive 356' N. of Pine View L~ ~ ~olcott Street 2000 SIDEWALK PROGRAM RESOLUTION NO. 2000-46 24 APRIL 2000 CITY OF JANESVILLE RESOLUTION (Page 2 - Continued) ADOPTED: May 22, 2000 St~en 1~. Sheiffe~, C-ity Malq~ger ATTEST: Je~Ann Wulf, City Clerk-Treasur~l/ Proposed by: Engineering Department~ Prepared by: Engineering Department MOTION BY: Schneider SECOND BY: 0 ' Lear), COUNCILMEMBER AYE NAY PASS ABSENT MURPHY X BRIEN X SCHNEIDER X O'LEARY X NOLL X DeGARMO X WILLIAMS x SidewalkResolution