Fiscal Note
Private Contract, No City Funds Are Required.
Title
Accepting sanitary sewer, storm sewer, and street improvements (excluding bituminous surface pavement) constructed by Private Contract in Hawks Valley - Phase 2, Private Contract No. 2401.
Body
WHEREAS, Woods Road Investments, Inc. has satisfactorily completed the installation of 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: Hawks Valley - Phase 2.
NOW, THEREFORE, BE IT RESOLVED
1. That said 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” $137,212.90
3. That the street improvements, excluding the bituminous pavement, on the following streets be and are hereby accepted:
• Ashworth Drive from the west line of Lot 38 to the east line of lot 37 (existing street)
• Raptor Drive from the north line of lot 32 (existing street) to the south line of Lot 68
The attached Schedule "A" representing the actual cost of construction of these improvements, which shall increase the street infrastructure value for Project No. 53B2401 $ 113,459.92 for a useful life of 40 years.