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 Hill Valley Phase 2A, Private Contract No. 9662 ( District 1).
Body
WHEREAS, VH HILL VALLEY, 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: Hill Valley Phase 2A.
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) $ 142,855.29
B) Contributions in Aid of Construction:
a) Public Sewer Components $ 142,855.29
b) Sewer Laterals $ ____-0-
C) Investments in Capital (MSU Share) $ ____-0-
D) Total Plant Value $ 142,855.29
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” $164,291.40.
4. That the street improvements, excluding the bituminous pavement, on the following streets be and are hereby accepted:
• Velocity Lane from Waldorf Blvd to Northern Lot Line of Lot 40
• Capacitor St from Waldorf Blvd to Out of Time Ln
• Capacitor St from Out of Time Ln to Northern Lot Line of Lot 49
• Out of Time Lane from Capacitor St to Southern Lot Line of Lot 55
• Waldorf Blvd from Southern Lot Line of Lot 14 to Capacitor St
• Waldorf Blvd from Capacitor St to Velocity Ln
• Waldorf Blvd from Velocity Ln to the Northern right of way line of the public alley adj to Lot 40
• UNK-Waldorf Blvd Alley from Waldorf Blvd to Northern Lot Line of Lot 56
• UNK-Waldorf Blvd Alley from Waldorf Blvd to Northern Lot Line of Lot 72
The attached Schedule "A" representing the actual cost of construction of these improvements, which shall increase the street infrastructure value for Project No. 15828 by $362,830.07 for a useful life of 40 years.