Fiscal Note
The proposed resolution accepts the improvements completed under Private Contract No. 2331 with no fiscal impact.
Title
Accepting sanitary sewer, storm sewer, and street improvements (excluding bituminous surface pavement) constructed by Private Contract at 6002 Cottage Grove Road-Copps Market, Private Contract No. 2331.
Body
WHEREAS, 1200 South, LLC, has satisfactorily completed the installation of sanitary sewer, storm sewer, and street improvements (excluding bituminous surface pavement) by private contract, in accordance with the City of Madison Standard Specifications for Public Works Construction, at: 6002 Cottage Grove Road-Copps Market.
NOW, THEREFORE, BE IT RESOLVED
1. That said sanitary sewer, storm sewer, and street improvements (excluding bituminous surface pavement) be and are hereby accepted.
2. That said sanitary sewer improvements are hereby assigned to the Madison Sewer Utility for ownership and maintenance and that the attached Schedule "A" representing the actual cost of construction of these improvements shall be reflected in the Madison Sewer Utility's "Utility Plant In Service".
SANITARY SEWER ACCOUNTING DATA
A) Total Contract Value (including Engineering & Miscellaneous Costs) $54,778.10
B) Contributions in Aid of Construction:
a) Public Sewer Components $54,778.10
b) Sewer Laterals $0.00
C) Investments in Capital (MSU Share) $0.00
D) Total Plant Value $54,778.10
3. That said storm sewer improvements are hereby assigned to the Madison Storm Water Utility for ownership and maintenance and that the attached Schedule "A" representing the actual cost of construction of these improvements shall be reflected in the Madison Storm Water Utility's "Utility Plant In Service".
Increase in Total Plant Value per Schedule “A” $124,341.40.
4. That the street improvements, excluding the bituminous pavement, on the following streets be and are hereby accepted:
• Gemini Drive from Sharpsburg Drive to Cottage Grove Road
• Cottage Grove Road from 333 ft. West of Gemini Dr. to Gemini Dr.
• Cottage Grove Road from Gemini Dr. to 62 ft. West of McLean Dr.
• Cottage Grove Road from 315 ft. East of Gemini Dr. to 756 ft. East of Gemini Dr.
The attached Schedule "A" representing the actual cost of construction of these improvements, which shall increase the street infrastructure value for Project No. 53B2331 $193,272.41 for a useful life of 40 years.