Fiscal Note
No City funds required. Private contract.
Title
Accepting sanitary sewer, storm sewer, and street improvements (excluding bituminous surface pavement) constructed by Private Contract In Grandview Commons Phase 25, Contract No. 8134 (District 3).
Body
WHEREAS, MREC VH Madison, 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, in: Grandview Commons Phase 25.
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
and Miscellaneous Costs) $ 30,503.49
B) Contributions in Aid of Construction:
a) Public Sewer Components $ 30,503.49
b) Sewer Laterals $ ____-0-
C) Investments in Capital (MSU Share) $ ____-0-
D) Total Plant Value $ 30,503.49
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” $172,731.10.
4. That the street improvements, excluding the bituminous pavement, on the following streets be and are hereby accepted:
• Saturn Drive from West Line of Lot 669 to Galileo Drive
• Saturn Drive from Galileo Drive to West Line of Lot 691
• Galileo Drive from North Line of Lot 658 to Saturn Drive
• Galileo Drive from Saturn Drive to South Line of Lot 678
• Venus Way from North Line of Lot 1 to South Line of Lot 5
The attached Schedule "A" representing the actual cost of construction of these improvements, which shall increase the street infrastructure value for Project No. 11908 by $192,085.36 for a useful life of 40 years.