Fiscal Note
No City Funds required. Private contract.
Title
Accepting sanitary sewer, storm sewer, and street improvements (excluding bituminous surface pavement on Lone Oak Lane and Honey Harvest Lane) constructed by Private Contract In Acacia Ridge Phase 10, Private Contract No. 9340 (District 1).
Body
WHEREAS, East South Point, LLC, has satisfactorily completed the installation of sanitary sewer, storm sewer, and street improvements (excluding bituminous surface pavement on Lone Oak Lane and Honey Harvest Lane) by private contract, in accordance with the City of Madison Standard Specifications for Public Works Construction, in: Acacia Ridge Phase 10.
NOW, THEREFORE, BE IT RESOLVED
1. That said sanitary sewer, storm sewer, and street improvements (excluding bituminous surface pavement on Lone Oak Lane and Honey Harvest Lane) 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) $ 106,195.82
B) Contributions in Aid of Construction:
a) Public Sewer Components $ 106,195.82
b) Sewer Laterals $ ____-0-
C) Investments in Capital (MSU Share) $ ____-0-
D) Total Plant Value $ 106,195.82
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” $35,300.16.
4. That the street improvements (excluding bituminous surface pavement on Lone Oak Lane and Honey Harvest Lane) on the following streets be and are hereby accepted:
• Valley View Road from W of Redan Drive to Redan Drive
• Valley View Road from Redan Drive to White Sky Pass
• Valley View Road from White Sky Pass to Lone Oak Lane
• Valley View Road from Lone Oak Lane to E of Lone Oak Lane
• Honey Harvest Lane from W Lot Line of Lot 596 to Lone Oak Lane
• Lone Oak Lane from Valley View Road to Turning Oak Lane
• Lone Oak Lane from Turning Oak Lane to Honey Harvest Lane
• Lone Oak Lane from Honey Harvest Lane to North Lot Line of Lot 577
• Turning Oak Lane from W Lot Line of Lot 644 to Lone Oak Lane
• Outlot 24 from W Lot Line of Lot 506 to Lone Oak Lane
The attached Schedule "A" representing the actual cost of construction of these improvements, which shall increase the street infrastructure value for Project No. 14833 by $ 798,994.04 for a useful life of 40 years.