Fiscal Note
The proposed resolution amends the Sewer Utility's adopted 2016 Capital Budget in the amount of $325,000 for the sewer reconstruction of the Rimrock Interceptor - Industrial Drive Extension. The Sewer Utility will be responsible for funding $97,500 from Sewer Utility Reserves, while the remaining $227,500 will be funded by the City of Monona.
Total Cost: $325,000
City of Monona Share: $227,500
Madison Sewer Utility Share: $97,500
The Budget Amendment is as follows:
$325,000 11446-83-200
($227,500) 11446-83-750
($97,500) 11446-83-806
Title
Amending the 2016 Sewer Utility Capital Budget and Authorizing the Board of Public Works to Advertise and receive bids for, Rimrock Interceptor - Industrial Drive Extension.
Body
Whereas, the “Rimrock Interceptor - Industrial Drive Extension,” is a sewer used jointly by the City of Madison and the City of Monona; and,
Whereas, said sewer is in poor condition and in need of repair; and,
Whereas, since this sewer jointly serves multiple municipalities, it is usual and customary that the Madison Metropolitan Sewerage District (MMSD) own and maintain this sewer; and,
Whereas, MMSD is agreeable to assume ownership of the sewer once the municipalities reconstruct the sewer to a ‘like new’ condition.
Now Therefore Be It Resolved, that the 2016 Sewer Capital Budget is amended for this project and the Board of Public Works is hereby authorized to advertise and receive bids for, Rimrock Interceptor - Industrial Drive Extension.
Be It Further Resolved, that the Mayor and City Clerk are hereby authorized to enter into a 3 party agreement between the City of Madison, the City of Monona, and the MMSD, for the purpose of funding the project and transferring the sewer to MMSD ownership upon completion.