Fiscal Note
Private Contract, No Appropriation Required.
Title
Accepting sanitary sewer, storm sewer, and street improvements (including bituminous surface pavement) constructed by Private contract in Edgewater Redevelopment, Private Contract No. 2241.
Body
WHEREAS, the Edgewater Hotel Company, LLC has satisfactorily completed the installation of sanitary sewer, 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, in: Edgewater Redevelopment.
NOW, THEREFORE, BE IT RESOLVED
1. That said sanitary sewer, 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) $ 19,800.00
B) Contributions in Aid of Construction:
a) Public Sewer Components $ 19,800.00
b) Sewer Laterals $ -0-
C) Investments in Capital (MSU Share) $ -0-
D) Total Plant Value $ 19,800.00
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” $83,600.00.
4. That the street improvements, including the bituminous pavement, on the following streets be and are hereby accepted:
• Langdon Street from 65 ft southwest of Wisconsin Ave to 63 ft northeast of Wisconsin Ave.
• Wisconsin Ave from Langdon St to 125 ft southeast of Langdon St.
The attached Schedule "A" representing the actual cost of construction of these improvements, which shall increase the street infrastructure value for Project No. 10076 $ 47,435.60 for a useful life of 40 years.