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2000-57MAJOR HIGHWAY REHABILITATION RESOLUTION NO. 2000-57 12 JUNE 2000 PAGE (1) OF (3) PRELIMINARY RESOLUTION PRELIMINARY RESOLUTION DECLARING INTENT TO EXERCISE SPECIAL ASSESSMENT POWERS UNDER SECTION 66.60, WISCONSIN STATUTES AND REQUIRING INSTALLATION OF WATER, SEWER, AND GAS SERVICE PIPES AND PROVIDING FOR ASSESSMENT OF COSTS UNDER SECTION 66.625, WISCONSIN STATUTES; RESOLVED, By the Common Council of the City of Janesville, Wisconsin. 1. The Common Council hereby declares its intention to exercise its power pursuant to S.66.60 and S.66.625, Laws of the State of Wisconsin, to levy special assessments on a reasonable basis upon property abutting the following described streets, pursuant to its police powers, by improvement of streets to further facilitate traffic flow and safety, and to assist in providing for the safety, health, and general welfare of the public, to-wit: All Property Fronting Upon Each Side Of From Its Intersection With To Its Intersection With MAJOR HIGHWAY REHABILITATION ON PART OF 1-90 AND STH 11, INCLUDING: RECONSTRUCTION AND RECONFIGURATION OF WESTBOUND 1-90 EXIT RAMP TO EASTBOUND STH 11, ADDITION OF WEAVE LENGTH TO REACH MIDLAND ROAD, CONCRETE PAVEMENT AND BASE COURSE, AUXILIARY LANE, AND STREET LIGHTING Midland Road Midland Court E. Racine Street (STH 11) Midland Road (N) 424' S. of Palmer Drive Midland Road (S) 2. Said public improvements shall include the above listed improvements benefiting the various listed streets to the grades established therefore by the City Council of the City of Janesville, Wisconsin, and recorded in the Office of the City Clerk whether previously established or established in the future. 3. The property against which the assessments are proposed shall be benefited by the improvements and said assessments shall be made upon a reasonable basis. MAJOR HIGHWAY REHABILITATION PRELIMINARY RESOLUTION NO. 2000-57 12 JUNE 2000 PAGE (2) OF (3) 4. Excluding the assessment for the installation of sewer and water service pipes (lateral) and preliminary grading and graveling, the assessment against any parcel owned by an individual property owner 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-and-one-quarter percent (8-1/4%) 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-and-one-quarter percent (8-1/4%) per annum. The assessments against any parcel for sewer and water service pipes and preliminary grading and graveling shall constitute a lien against such parcel and must be paid in cash or with the taxes in the year following the completion of the work. The assessments, as outlined above, pertain only to said individual property owners. The assessments against all parcels of land owned by others, which include subdividers, land developers, speculative builders, or owners of several or more lots on the same street or in the same area will be billed upon completion of the work after which interest at eight-and-one-quarter percent (8-1/4%) per annum will be charged from the last day of the month of the billing. The assessments for said other owners may be: (a) paid in cash upon completion of the work in the month of billing without interest; or (b) paid with the taxes the first year following the completion of the work, the amount to be entered in the Tax Roll shall include the unpaid principal with interest through the end of December in the year so entered; or, (c) at the election of the property owner and with the approval of the Committee of Public Works, spread over a period of five (5) years with interest at eight-and-one- quarter percent (8-1/4%) per annum on the unpaid balance. The first installment on the five-year plan shall include one-fifth of the principal with interest through the end of December in the year so entered. Each of the subsequent installments shall be entered on each of the annual tax rolls thereafter until all are collected. Deferred payment on the aforementioned installments shall bear interest at eight-and-one-quarter percent (8-1/4 %) per annum. 5. The City Engineer is directed to prepare a report consisting of: a. Final plans and specifications for said improvements, b. An estimate of the entire cost of the proposed improvements, c. A schedule of the proposed assessments, and d. A statement showing that the property against which the assessments are proposed is benefited, the improvement constituting an exercise of police powers. MAJOR HIGHWAY REHABILITATION PRELIMINARY RESOLUTION NO. 2000-57 12 JUNE 2000 PAGE (3) OF (3) Upon completing such report, the City Engineer is directed to file a copy thereof in the City Clerk's Office for public inspection. The City Engineer is also directed to advertise for bids to carry out such work of such improvements in accordance with the report. 6. Upon receiving the report of the City Engineer, the Clerk is directed to give notice of a Public hearing on such report as specified in S.66.60(7), Wisconsin Statutes. The hearing shall be held at the Council Chambers in the Municipal Building at a time set by the Clerk, in accordance with S.66.60(7), Wisconsin Statutes. 7. The City has determined to undertake the capital improvements described in paragraph 1 above (the "Projects"). The City anticipates that moneys, 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 $5,000,000. 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. ADOPTED: June 12, 2000 APP~ED: ~- -~  City 10lana(~r ' ATTEST: J~,~n Ann Wul~, ~ity Clerk-Trea~(r APPROVED AS TO FORM: City Attorney Proposed By: Engineering Department Prepared By: Engineering Department MOTION BY: Schneider SECOND BY: 0' l.eary COUNCILMEMBER AYE NAY PASS ABSENT SCHNEIDER X WILLIAMS X NOLL X BRIEN X MURPHY X O'LEARY X DeGARMO X PreliminResMidlandRoadAssessments