Title
Approving plans and specifications for the reconstruction of University Avenue from Shorewood Boulevard to Segoe Road and authorizing the Mayor and City Clerk to execute agreements with Dane County and the Village of Shorewood Hills for cost sharing of the local share of the project. (11th AD)
Body
PREAMBLE
The City of Madison is proposing to reconstruct University Avenue from Shorewood Boulevard to Segoe Road. The City applied for Economic Stimulus Funding through the American Recovery and Reinvestment Act (ARRA) and the project received approval for ARRA funding.
The project will be constructed under a contract let by the Wisconsin Department of Transportation (WisDOT) and the City has entered into an Agreement with the WisDOT for funding, oversight and construction of the project. The proposed project is planned for construction in the year 2010.
The City also proposes to enter into agreements with Dane County and the Village of Shorewood Hills for cost sharing of the local share of the proposed project. The basis for cost sharing participation is as follows:
1) Design Engineering: All design-engineering costs necessitated by the street or road construction is 100% Local Funding.
2) Street Reconstruction: The WisDOT shall pay 100% of the costs for replacement of pavement, concrete curb and gutter, storm sewer, street lights, traffic signals, drive aprons, base material, sidewalk as needed, terrace restoration and all other necessary street improvements for completion of the project, through administration of ARRA funding, up to the approved 100% ARRA cap for the project.
3) Local Share: With WisDOT approval, all eligible construction costs above the 100% ARRA cap will be funded by 80% federal and 20% local funding. WisDOT reserves the right to limit the use of 80% federal and 20% local funding. The local share shall be further divided between the City of Madison, the Village of Shorewood Hills and Dane County based on the pe...
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