Fiscal Note
Private Contract, No City Funds Required.
Title
Accepting sanitary sewer and street improvements (including bituminous surface pavement) constructed by Private Contract in The Meadowlands - Phase 8 (3rd AD), Private Contract No. 2430
Body
WHEREAS, the The Meadowlands 40, LLC, has satisfactorily completed the installation of sanitary 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: The Meadowlands - Phase 8.
NOW, THEREFORE, BE IT RESOLVED
1. That said sanitary 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) $ 60,498.72
B) Contributions in Aid of Construction:
a) Public Sewer Components $ 60,498.72
b) Sewer Laterals $ -0-
C) Investments in Capital (MSU Share) $ -0-
D) Total Plant Value $ 60,498.72
3. That the street improvements, including the bituminous pavement, on the following streets be and are hereby accepted:
• Reston Heights Drive from West Line of Lot 183 to Field Flower Way
• Littlemore Drive from Field Flower Way to East Line of Lot 158
• Field Flower Way from Reston Heights Drive to South Line of Lot 187
The attached Schedule "A" representing the actual cost of construction of these improvements, which shall increase the street infrastructure value for Project No. 10861 $ 114,904.47 for a useful life of 40 years.