Fiscal Note
No City Funds required. Private Contract.
Title
Accepting storm sewer and street improvements (sidewalk) constructed by Private Contract In Westgate Redevelopment Plat, Private Contract No. 8982 (District 10).
Body
WHEREAS, UNIVERSITY PARK ACQUISITIONS, LLC, has satisfactorily completed the installation of storm sewer and street improvements (sidewalk) by private contract, in accordance with the City of Madison Standard Specifications for Public Works Construction, in: Westgate Redevelopment Plat.
NOW, THEREFORE, BE IT RESOLVED
1. That said storm sewer and street improvements (sidewalk) be and are hereby accepted.
2. 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” $28,255.36.
3. That the street improvements, sidewalk, on the following streets be and are hereby accepted:
• S Whitney Way Sidewalk from N of Tokay Place Lot 3 to S of Tokay Place Lot 4.
• Tokay Boulevard Sidewalk from S of Whitney Way to 669’ E of S Whitney Way.
• Tokay Boulevard Sidewalk from 679’ E of S Whitney Way to 729’ E of S Whitney Way.
The attached Schedule "A" representing the actual cost of construction of these improvements, which shall increase the street infrastructure value for Project No. 13283 by $ 6,014.40 for a useful life of 40 years.