City of Madison - File #: 34257

• File #: 34257
• Version: 1
• Name: Amending the 2014 Stormwater Utility and Sewer Utility Capital Budgets to add additional budget authority to provide funding for a 100% assessable development project to be started in 2014 and completed in 2015.
• Type: Resolution
• Status: Passed
• File created: 5/27/2014
• In control: BOARD OF ESTIMATES (ended 4/2017)
• On agenda: 6/17/2014
• Final action: 6/17/2014
• Enactment date: 6/18/2014
• Enactment #: RES-14-00467
• Title: Amending the 2014 Stormwater Utility and Sewer Utility Capital Budgets to add additional budget authority to provide funding for a 100% assessable development project to be started in 2014 and completed in 2015.
• Sponsors: David Ahrens, Larry Palm

Date	Ver.	Action By	Action	Result
6/17/2014	1	COMMON COUNCIL	Adopt Unanimously	Pass
6/9/2014	1	BOARD OF ESTIMATES (ended 4/2017)	RECOMMEND TO COUNCIL TO ADOPT (15 VOTES REQUIRED) - REPORT OF OFFICER	Pass
6/4/2014	1	BOARD OF PUBLIC WORKS	Return to Lead with the Recommendation for Approval	Pass
6/3/2014	1	BOARD OF ESTIMATES (ended 4/2017)	Refer
6/3/2014	1	COMMON COUNCIL	Referred	Pass
5/27/2014	1	Engineering Division	Referred for Introduction

Fiscal Note

This budget amendment adds a total of $968,000 in borrowing authority to the Storm Sewer Utility Royster Clark Redevelopment account and $150,000 in borrowing authority to the Sewer Utility Royster Clark Redevelopment account.

The budget amendment needed is as follows:

ESTM-58270-810751       $968,000      Royster Clark - Stormwater

ESTM-79140-810751       ($968,000)   Royster Clark - GO Proceeds

ES01-58275-810751      $150,000      Royster Clark - Sewer

ES01-79445-810751      ($150,000)      Royster Clark - Assessment Revenue

Title

Amending the 2014 Stormwater Utility and Sewer Utility Capital Budgets to add additional budget authority to provide funding for a 100% assessable development project to be started in 2014 and completed in 2015.

Body

WHEREAS, the Adopted 2014 Stormwater Utility Capital Budget currently has $425,000 of budget authority available in account 810751 (Royster Clark Redevelopment); and

WHEREAS, the Adopted 2014 Sewer Utility Capital Budget currently has $500,000 of budget authority available in account 810751 (Royster Clark Redevelopment); and

WHEREAS, the redevelopment project known as Royster Clark Development (53W1537) has been supported by the City, as a project where the City would construct new public streets and other infrastructure improvements (water, sanitary, storm, water quality) in a development and fully assess the costs of this construction back to the developer; and

WHEREAS, the estimated cost of both the storm and sanitary sewer pipes have increased since the project was proposed in 2012; and

WHEREAS, the developer has additionally requested that the City construct the storm water management features (ponds); and

WHEREAS, there remains contaminated material on site that may be encountered during the pond construction which will require landfill disposal; and

WHEREAS, the costs associated with pond construction were not included with the initial budget estimate; and

WHEREAS, an additional $968,000 of Stormwater Utility funding is needed to allow this project to proceed; and

WHEREAS, an additional $150,000 of Sewer Utility funding is needed to allow this project to proceed;

NOW, THEREFORE, BE IT RESOLVED, that the 2014 Stormwater Utility Capital Budget is hereby amended to add an additional $968,000 in budget authority to account  810751 (Royster Clark Redevelopment), and the Sewer Utility Capital Budget is hereby amended to add an additional $150,000 in budget authority to account 810751 (Royster Clark Redevelopment).