Fiscal Note
A construction cost estimate shall be provided in a future resolution for approving the plans and specifications and authorizing the City to let the construction contract for Central Park. The original City share for Oversight and Review was originally approved by RES-10-00226, ID No. 17536, which is the same amount as required by this resolution.
The proposed indemnification language in the Project Agreement has been reviewed by the Risk Manager. While the City’s risk exposure is increased by this agreement, the exposure is covered by the City’s insurance policy subject to its terms and conditions. Any impact on costs would not be immediately known.
The Project Agreement for Design Oversight for Central Park shall authorize the payment for oversight and review, which shall be funded in the 2011 Capital Budget Project CL60-58011-810625-00-53W0853
:
Oversight and Review
Cost: $35,000
State/Federal Cost $28,000
City Cost $7,000
Title
Authorizing the Mayor and City Clerk to execute a Project Agreement for Design Oversight for Central Park with the State of Wisconsin Department of Transportation with the use Federal grant money for the construction of the park and rescinding resolution RES-10-00226, ID No. 17536.
Body
PREAMBLE
The City is proposing construction of the Central Park project, an urban park located in the East Isthmus Corridor on the near east side. City has received approximately $3.1 millions from a Federal grant for the construction and land acquisition for this project. The design will be funded with local funds. Funds for design are included in the 2011 Capital Budget. Funds for the construction of this project will be available in a future Capital Budget.
WHEREAS, A Project Agreement between the City and the Wisconsin Department of Transportation will be required for review and oversight as well as for administration of the Federal funds by the Wisconsin Department of Transportation, and,
WHERAS, a future Proj...
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