Fiscal Note
The proposed resolution authorizes the cost sharing agreement with the Town of Blooming Grove for the Libby Road resurfacing project. The total project cost is $70,000 and the agreement will require the City to fund $35,000. Funding for the project is provided by GO Borrowing budgeted within the Engineering Major Streets adopted 2018 capital budget via the Pavement Management capital program.
MUNIS:
11885-402-170
Title
Authorizing the Mayor and City Clerk to enter into a cost sharing agreement with the Town of Blooming Grove for the Resurfacing of Libby Road. (Town of Blooming Grove and 14th AD)
Body
PREAMBLE
The Town of Blooming Grove has scheduled the resurfacing of Libby Road from 2650 feet east of Lake Farm Road to the east end. A portion of the right-of-way lies within the City of Madison. The Town of Blooming Grove shall resurface the east end of Libby Road and the City of Madison shall be responsible for the cost to resurface their share of the roadway.
NOW THEREFORE BE IT RESOLVED that the Mayor and City Clerk are hereby authorized to enter into an agreement with the Town of Blooming Grove for cost sharing the resurfacing of Libby Road from 2650 feet east of Lake Farm Road to the east end.