Fiscal Note
Private Contract, No City Funds Are Required.
Title
Accepting storm sewer and street improvements (including bituminous surface pavement) constructed by Private Contract at High Crossing Fifth Addition-Phase 4, Private Contract No. 2060. (17th AD)
Body
WHEREAS,High Crossing Limited Partnership has satisfactorily completed the installation of storm sewer and street improvements (including bituminous surface pavement) by private contract, in accordance with the City of Madison Standard Specifications for Public Works Construction, at: High Crossing Fifth Addition-Phase 4.
NOW, THEREFORE, BE IT RESOLVED
1. That said storm sewer and street improvements (including bituminous surface pavement) be and are hereby accepted.
2. 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".
SANITARY SEWER ACCOUNTING DATA
A) Total Contract Value (including Engineering
and Miscellaneous Costs) $ 54,055.41
B) Contributions in Aid of Construction:
a) Public Sewer Components $ 54,055.41
b) Sewer Laterals $ -0-
C) Investments in Capital (MSU Share) $ -0-
D) Total Plant Value $ 54,055.41
3. That said storm sewer improvements are hereby assigned to the Madison Storm Water 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 Storm Water Utility's "Utility Plant In Service".
Increase in Total Plant Value per Schedule “A” $64,153.06.
4. That the street improvements, including the bituminous pavement, on the following streets be and are hereby accepted:
• City View Drive from N Line of Lot 59 to SW Line of Lot 52
The attached Schedule "A" representing the actual cost of construction of these improvements, which shall increase the street infrastructure value for Project No. 53B2060 $72,988.80 for a useful life of 40 years.