Title
SECOND SUBSTITUTE Amending the 2011 Capital Budget for Engineering-Major Streets to fund the undergrounding of overhead utilities on Williamson Street (Blount Street to Paterson Street), increasing the budget authority for assessments for the reconstruction of Williamson Street and a Authorizing the Mayor and City Clerk to execute agreements with MG&E, Charter Communications, AT&T, US Signal and TDS for undergrounding installation of conduit for the future undergrounding of overhead utilities on Williamson Street (Blount to Brearly). (6th AD)
Body
WHEREAS there is currently $360,000 of available budget authority in Capital Project account 810358 for Engineering-Major Streets, Project 11, Atwood Avenue; and
WHEREAS the Atwood Avenue project will not proceed in 2011; and
WHEREAS the undergrounding of Williamson Street project requires the use of a portion of these funds in 2011; and
WHEREAS the Major Streets, Project 55, Williamson Street assessments were underestimated by $300,000;
NOW THEREFORE BE IT RESOLVED that the 2011 Capital Budget of Engineering-Major Streets, Project 55, Williamson Street, is hereby amended to provide an additional $1,000,000 in GO funding for undergrounding on Williamson Street; and to authorize an additional $300,000 of street construction funded by special assessments.
PREAMBLE
The City of Madison is proposing to install conduits on Williamson Street from Blount Street to South Thorton Avenue, RES-10-00903, adopted by the Common Council on 11-9-10 authorized a portion of the work. This resolution authorizes the additional work and funds to install all required laterals and design for the portion of Williamson Street from Blount Street to Brearly Street.
BE IT FURTHER RESOLVED that the Mayor and City Clerk are authorized to execute agreements with MG&E, Charter Communications, AT&T, US Signal and TDS for undergrounding installation of conduit on Williamson Street (Blount to Brearly).
Fiscal Note
The undergrounding of Williamson Street from Blount to Paterson will require an additional $1,000,000 in budget authority. This increased budget authority will utilize $360,000 of the existing authority from the Atwood Avenue project (Major Street Project 11) as well as additional GO funding of $640,000. The budget entry necessary is as follows:
CS53-79140-810358 $360,000 Atwood - G.O. Proceeds
CS53-58250-810358 ($360,000) Atwood - Street Construction
CS53-58250-810358 $1,000,000 Williamson - Street Construction
CS53-79140-810358 ($1,000,000) Williamson - G.O. Proceeds
The 2011 Capital Budget for Engineering-Major Streets, Project 55, Williamson Street will also be amended to reflect additional authority derived from increased assessments in the amount of $300,000 related to the street reconstruction. The budget entry is as follows:
CS53-58250-810358 $300,000 Williamson - Street Construction
CS53-79445-810358 ($300,000) Williamson - Assessments
(The estimated cost of the undergrounding of $1,000,000 will be available in CS53-58250-810358-00-53W0633 once the budget amendment is adopted.)
Estimated cost $250,000.
Budget authority is available in Acct. No. CS53-58260-810358-00-53W0633