Fiscal Note
Private Contract, No City Funds Required
Title
Accepting sanitary sewer constructed by Private Contract In Liberty Place - Phase I, Private Contract No. 1927 (16th AD).
Body
WHEREAS, Great Neighborhoods, Inc. has satisfactorily completed the installation of sanitary sewer improvements by private contract, in accordance with the City of Madison Standard Specifications for Public Works Construction, in:
Liberty Place - Phase I
NOW, THEREFORE, BE IT RESOLVED, that said sanitary sewer improvements be and are hereby accepted.
BE IT FURTHER RESOLVED, that said sanitary sewer improvements are hereby assigned to the Madison Sewer 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 Sewer Utility's "Utility Plant In Service".
ACCOUNTING DATA
1) Total Contract Value (including Engineering
and Miscellaneous Costs) $122,725.68
2) Contributions in Aid of Construction:
a) Public Sewer Components $122,725.68
b) Sewer Laterals $--
3) Investments in Capital (MSU Share) $--
4) Total Plant Value $122,725.68
BE IT FURTHER RESOLVED, that the one-year guarantee on said sanitary sewer improvements shall have commenced on June 1, 2005.