Fiscal Note
The proposed resolution approves plans and specifications and authorizes the Board of Public Works to advertise and receive bids for West Towne Pond Improvements. The total estimated cost of the project is $11,400,000.00. Funding is available in the Stormwater Utility Capital Budget in the West Towne Pond project (Munis #13860) which contains $3,900,000 of existing budget authority; $2,550,000 of budget authority from the 2027 Adopted Capital Budget in the Citywide Flood Mitigation program (Munis #11513); and $4,950,000 of existing TID46 Borrowing authority in the Engineering Major Streets-Mineral Point Rd project (Munis #11131). The use of the $4,950,000 TID46 Borrowing budget authority from the Mineral Point Rd project is contingent on a TID Plan Amendment authorizing this use of funds being approved and the budget will be transferred into the West Towne Pond project via separate budget amendment resolution at the time of award.
Title
Approving plans and specifications and authorizing the Board of Public Works to advertise and receive bids for West Towne Pond Improvements. (District 19)
Body
BE IT RESOLVED,
1) That the plans and specifications for West Towne Pond Improvements, be and are hereby approved.
2) That the Board of Public Works be and is hereby authorized to advertise and receive bids for said project.
3) That the Mayor and City Clerk are hereby authorized to accept dedication of lands and/or easements from the Developer/Owner for public improvements located outside of existing public fee title or easement right-of-ways.