Fiscal Note
The proposed resolution approves three addendums to existing surface pacing contracts with developer East South Point, LLC. The three contracts are for Acacia Ridge Phase 6 (Contract No. 9041), Acacia Ridge Phase 7 (Contract No. 9071), and Acacia Ridge Phase 9 (Contract No. 9261). The City and East South Point, LLC agreed to offset the City share of the Acacia Ridge Phase 10 Valley View Road improvements by having the City surface asphalt pave the streets in Acacia Ridge 6, 7, and 9. The costs for the paving work will be included in future surface paving contracts. No appropriation is required at this time for the addendums.
Title
Approving Addendums to the surface paving contracts for Acacia Ridge Phases 6 (Contract No. 9041), 7 (Contract No. 9071), and 9 (Contract 9261). (District 1)
Body
WHEREAS, on October 25, 2021, the developer, East South Point, LLC, hereinafter the “Developer” had entered into a Contract For the Construction of Public Improvements that will be Accepted by the City of Madison hereinafter the “Contract” with the City of Madison, and;
WHEREAS, on May 19, 2022, the developer, East South Point, LLC, hereinafter the “Developer” had entered into a Contract For the Construction of Public Improvements that will be Accepted by the City of Madison hereinafter the “Contract” with the City of Madison, and;
WHEREAS, on August 8, 2023, the developer, East South Point, LLC, hereinafter the “Developer” had entered into a Contract For the Construction of Public Improvements that will be Accepted by the City of Madison hereinafter the “Contract” with the City of Madison, and;
WHEREAS, the pending Acacia Ridge Phase 10 construction includes improvements to Valley View Road, and;
WHEREAS, the Developer and City have since mutually agreed to offset the City share of the Acacia Ridge Phase 10 Valley View Road improvements by having the City surface asphalt pave the streets in Acacia Ridge Phases 6, 7, and 9.
NOW, THEREFORE, BE IT RESOLVE:
1. Tha...
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