Fiscal Note
The proposed resolution authorizes an agreement for cost sharing for the John Nolen Drive construction project from Lakeside St to Olin Ave in 2028. The agreement authorizes a federal/state share of $4,465,500 and a City of Madison share of $2,452,826. Funding of $3,628,000 Non-General Fund GO Borrowing is included in the 2025 Executive Capital Budget in the Engineering - Major Streets Capital Improvement Plan (CIP) to fund the local share of the John Nolen Drive project (Munis #11860) in the year 2028.
Title
Authorizing the Mayor and City Clerk to execute a revised State/Municipal Agreement with the State of Wisconsin Department of Transportation for Project I.D. 5992-11-15/16, for John Nolen Drive Phase 2 (Lakeside St to Olin Ave) (District 13, District 14)
Body
Engineering Division submitted an application for and were awarded Federal funds under the Surface Transportation Block Grant Program. The City was awarded funds for 65% of construction costs (up to $4,465,500).
The City of Madison is proposing to reconstruct John Nolen Drive from Lakeside St to Olin Ave. The project will be constructed under a contract let by the Wisconsin Department of Transportation (WisDOT). A project Agreement with the State of Wisconsin Department of Transportation is required to cover estimated construction costs. The proposed project is planned for construction in the years 2028.
NOW, THEREFORE, BE IT RESOLVED, that the Mayor and City Clerk are hereby authorized to execute an agreement with the State of Wisconsin Department of Transportation for construction cost sharing for John Nolen Drive Phase 2 project (Lakeside St to Olin Ave).