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Finance committee approves 30-year payback option for special assessments tied to private water co-op project
Summary
The Madison Finance Committee unanimously adopted an amendment to the Madison General Ordinances allowing 30-year installment payments for special assessments associated with a coordinated street reconstruction and water-service project that will relieve a private water cooperative serving about 100 properties.
The Madison Finance Committee voted unanimously April 13 to amend the Madison General Ordinances to allow 30-year installment payments for special assessments tied to projects that relieve private water supply cooperatives.
Council President Bidar called for the motion and the committee moved and seconded the measure. City Engineer Wolf described the project as “a unique situation” affecting what was previously a Town of Madison…
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