Fiscal Note
No Appropriation Required. Private Contract.
Title
Accepting storm sewer, and street improvements (excluding bituminous surface pavement) constructed by Private Contract in: Grandview Commons - Phase 23, Private Contract No. 7658.
Body
WHEREAS, MREC VH Grandview Commons, 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 23.
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 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” $16,193.87.
3. That the street improvements, excluding the bituminous pavement, on the following streets be and are hereby accepted:
• Saturn Drive from W Line of Lot 872 to E line of Lot 872.
• Aries Way from W Line of Lot 891 to E line of 891.
The attached Schedule "A" representing the actual cost of construction of these improvements, which shall increase the street infrastructure value for Project No. 11318 $17,245.98 for a useful life of 40 years.