City of Madison - File #: 04136

• File #: 04136
• Version: 1
• Name: Awarding Public Works Contract No. 5953, Union Corners Reconstruction Assessment District - 2006 (Union Corners, Winnebago Street) and Amending the 2006 Capital Budget to authorize the expenditure of an additional $559,580 for the project.
• Type: Resolution
• Status: Passed
• File created: 7/7/2006
• In control: BOARD OF ESTIMATES (ended 4/2017)
• On agenda: 8/1/2006
• Final action: 8/1/2006
• Enactment date: 8/7/2006
• Enactment #: RES-06-00685
• Title: Awarding Public Works Contract No. 5953, Union Corners Reconstruction Assessment District - 2006 (Union Corners, Winnebago Street) and Amending the 2006 Capital Budget to authorize the expenditure of an additional $559,580 for the project.
• Sponsors: Common Council By Request

Date	Ver.	Action By	Action	Result
8/1/2006	1	COMMON COUNCIL	Adopt	Pass
7/24/2006	1	BOARD OF ESTIMATES (ended 4/2017)	RECOMMEND TO COUNCIL TO ADOPT UNDER SUSPENSION OF RULES 2.04, 2.05, 2.24, & 2.25 - REPORT OF OFFICER	Pass
7/19/2006	1	BOARD OF PUBLIC WORKS	Return to Lead with the Recommendation for Approval	Pass
7/19/2006		Comptroller's Office	Refer
7/18/2006	1	Finance Dept/Approval Group	Approved Fiscal Note By The Comptroller's Office
7/14/2006	1	Engineering Division	Fiscal Note Required / Approval

Fiscal Note
The $559,580 of public improvements approved in this resolution are associated with the proposed redevelopment of Union Corners and were not anticipated when the 2006 Capital Budget was developed. Consequently, a budget amendment is required to authorize these additional expenditures.

Costs related to this proposed project would be eligible TIF expenditures and could be reimbursed from future TIF increment if the Union Corners TIF district is approved by the Common Council and the Joint TIF Review Board, and certified by the State Department of Revenue. If such approvals are not received, the City and assessed property owners would be directly responsible for all costs associated with this project.

Financing for the City share of project costs would be from internal borrowing from City funds until sufficient TIF increment is generated as a result of future private development within the district.


Title
Awarding Public Works Contract No. 5953, Union Corners Reconstruction Assessment District - 2006 (Union Corners, Winnebago Street) and Amending the 2006 Capital Budget to authorize the expenditure of an additional $559,580 for the project.
Body
BE IT RESOLVED, that the following low bids for miscellaneous improvements be accepted and that the Mayor and City Clerk be and are hereby authorized and directed to enter into a contract with the low bidders contained herein, subject to the Contractor's compliance with Section 3.58 of the Madison General Ordinances concerning compliance with the Affirmative Action provisions:

BE IT FURTHER RESOLVED, that the funds be encumbered to cover the cost of the projects contained herein.

See attached document (Contract No. 5953) for itemization of bids.

BE IT FURTHER RESOLVED that the 2006 Capital Budget is amended to authorize the following additional expenditures totaling $559,580:
Street CS53-58250-810556-00-53W0294-53TIF037-00000000 $297,650
Storm CS53-58270-810556-00-53W0294-53TIF03...