Fiscal Note
Private Contract, No City Funds Are Required.
Title
Accepting sanitary sewer, storm sewer, and street improvements (excluding bituminous surface pavement) constructed by Private Contract In Grandview Commons - Phase 17, Private Contract No. 2308.
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 17.
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) $ 14,785.76
B) Contributions in Aid of Construction:
a) Public Sewer Components $ 14,785.76
b) Sewer Laterals $ -0-
C) Investments in Capital (MSU Share) $ -0-
D) Total Plant Value $ 14,785.76
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" $18,002.49.
4. That the street improvements, excluding the bituminous pavement, on the following streets be and are hereby accepted:
· Seven Pines Avenue from Galileo Drive to the east plat line.
· Galileo Drive from the south line of Lot 184 (existing street) to the north line of Lot 227 (existing street).
· Pluto Street Alley from the north line of Lot 185 (existing alley) to Galileo Drive.
5. That the alley improvements on the following street be and are hereby accepted:
· Pluto Street Alley from the north line of Lot 185 (existing alley) to Galileo Drive.
The attached Schedule "A" representing the actual cost of construction of these improvements, which shall increase the street infrastructure value for Project No. 53B2308 $ 104,030.37 for a useful life of 40 years.