Fiscal Note
No City Funds required. Private Contract.
Title
Accepting sanitary sewer, storm sewer, and street improvements (including bituminous surface pavement) constructed by Private Contract In 4649 Verona Road, Private Contract No. 9231 (District 10).
Body
WHEREAS, Summit Ridge Apartments, LLC, has satisfactorily completed the installation of sanitary sewer, storm sewer, and street improvements (including bituminous surface pavement) by private contract, in accordance with the City of Madison Standard Specifications for Public Works Construction, in: 4649 Verona Road.
NOW, THEREFORE, BE IT RESOLVED
1. That said sanitary sewer, storm sewer, and street improvements (including 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) $ 104,112.00
B) Contributions in Aid of Construction:
a) Public Sewer Components $ 104,112.00
b) Sewer Laterals $ ____-0-
C) Investments in Capital (MSU Share) $ ____-0-
D) Total Plant Value $ 104,112.00
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” $136,497.76.
4. That the street improvements, including the bituminous pavement, on the following streets be and are hereby accepted:
• Atticus Way from 619 FT S of Verona Road Frontage Road to Rolling Way.
• Atticus Way Sidewalk from STA 103+21.50 to STA 107+00.00.
• Atticus Way Sidewalk from STA 107+00.00 to STA 108+75.00.
• Verona Road Sidewalk from STA 204+59.20 to STA 206+29.
The attached Schedule "A" representing the actual cost of construction of these improvements, which shall increase the street infrastructure value for Project No. 14774 by $ 153,393.43 for a useful life of 40 years.