Fiscal Note
The proposed resolution authorizes an agreement for cost sharing for the Mineral Point Road construction project. The agreement authorizes a federal/state share of $1,650,000 and the City of Madison share of $1,160,000 funded by GO Borrowing. Funding is included in the 2022 Adopted Engineering - Major Streets Capital Improvement Plan (CIP) for the Mineral Point Road project (MUNIS 11131) and the 2023 Engineering - Major Streets Capital Improvement Plan (CIP) agency request.
Title
Authorizing the Mayor and City Clerk to execute a revised State/Municipal Agreement with the State of Wisconsin Department of Transportation for Project I.D. 5992-10-19/20: Mineral Point Road for construction cost sharing. (9th AD)
Body
PREAMBLE
The City of Madison is proposing to reconstruct Mineral Point Road from USH 12 to High Point Road. The project will be constructed under a contract let by the Wisconsin Department of Transportation (WisDOT). A revised project Agreement with the State of Wisconsin Department of Transportation will be required to update estimated construction costs. The proposed project is planned for construction in the year 2026.
The agreement requires that the City indemnify the State of Wisconsin Department of Transportation. City APM 1-1 requires Common Council Approval whenever the City indemnifies another party.
NOW, THEREFORE, BE IT RESOLVED, that the Mayor and City Clerk are hereby authorized to execute an amended agreement with the State of Wisconsin Department of Transportation for construction cost sharing for the Mineral Point Road project.
BE IT FURTHER RESOLVED, that the Common Council approves indemnification of the State of Wisconsin Department of Transportation as set forth in the agreement in order to use federal funds for the Mineral Point Road project.