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File #: 55352    Version: 1 Name: Amending the Parking Division 2019 Adopted Capital Budget to increase funding authorization for the South Livingston Street Garage project by $120,000, and accepting and applying a $33,332.50 reimbursement payment from MGE to the project budget.
Type: Resolution Status: Passed
File created: 4/9/2019 In control: FINANCE COMMITTEE
On agenda: 4/30/2019 Final action: 4/30/2019
Enactment date: 5/6/2019 Enactment #: RES-19-00362
Title: Amending the Parking Division 2019 Adopted Capital Budget to increase funding authorization for the South Livingston Street Garage project by $120,000, and accepting and applying a $33,332.50 reimbursement payment from MGE to the project budget.
Sponsors: Marsha A. Rummel
Date Ver.Action ByActionResultAction DetailsMeeting DetailsWatch
4/30/20191 COMMON COUNCIL Adopt - 15 Votes RequiredPass Action details Meeting details Not available
4/24/20191 TRANSPORTATION COMMISSION Return to Lead with the Recommendation for ApprovalPass Action details Meeting details Not available
4/22/20191 FINANCE COMMITTEE RECOMMEND TO COUNCIL TO ADOPT (15 VOTES REQUIRED) - REPORT OF OFFICERPass Action details Meeting details Not available
4/17/20191 BOARD OF PUBLIC WORKS Return to Lead with the Recommendation for ApprovalPass Action details Meeting details Not available
4/16/20191 FINANCE COMMITTEE Referred  Action details Meeting details Not available
4/16/20191 FINANCE COMMITTEE Referred  Action details Meeting details Not available
4/16/20191 COMMON COUNCIL ReferPass Action details Meeting details Not available
4/9/20191 BOARD OF PUBLIC WORKS Return to Lead with the Recommendation for Approval  Action details Meeting details Not available
Fiscal Note
The proposed resolution amends the Parking Division 2019 Adopted Capital Budget to increase authorization for the South Livingston Street Garage project (Munis #1627) by $120,000. The increase is funded by $86,667.50 from Parking Utility reserves and by applying a $33,332.50 payment from MGE to the project budget. MGE has paid for the extra cost associated a solar installation on the roof of $33,332.50. This resolution authorizes the Parking Utility to spend those funds received.
Title
Amending the Parking Division 2019 Adopted Capital Budget to increase funding authorization for the South Livingston Street Garage project by $120,000, and accepting and applying a $33,332.50 reimbursement payment from MGE to the project budget.
Body
WHEREAS, construction of the South Livingston Street Garage began in October 2017, and as site work commenced, significant quantities of unforeseen buried concrete continued to be discovered, resulting in over $630,000 in unanticipated project costs; and

WHEREAS, City staff and the design team worked to reduce and control project expenses throughout construction of the facility in an effort to keep the project within budget; and

WHEREAS, the final project costs and budget needs were not known until all change orders had been reviewed and approved, following negotiations between City Engineering and the contractor to reduce project costs and address liquidated damages for schedule delays; and

WHEREAS, the approved project budget for MUNIS capital project number 1627 is $17,890,465 and an additional $120, 000 (or 0.67% increase) in additional budget authority is required to complete the project, for a total budget of $18,010,465; and

WHEREAS, Madison Gas & Electric reimbursed the City $33,332.50 for the estimated increase in structural costs associated with constructing the garage with potential for a future photovoltaic panel installation on the roof; and

WHEREAS, the MG&E reimbursement has been applied to the proj...

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