Fiscal Note
The proposed amendment accepts the improvements constructed via private contract. The cost to the City for this construction contract is not to exceed $8,000, which is funded via GO borrowing budgeted within the capital budget for Engineering-Major Streets via the Reconstruction Streets program.
Title
Accepting improvements constructed by Private Contract for 1603 Monroe Street, Private Contract 7892. (13th AD)
Body
WHEREAS, Sixteen O Three, LLC, has satisfactorily completed the installation of storm sewer, street and terrace restoration by private contract, in accordance with the City of Madison Standard Specifications for Public Works Construction, in: 1603 Monroe Street.
NOW, THEREFORE, BE IT RESOLVED
1. 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” $12,815.00
2. That said street and terrace improvements adjacent to 1603 Monroe Street are hereby accepted.