Number
080014
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution relative to an agreement with 544 South 1st Street, LLC for the installation and funding of a new traffic control signal at the intersection of West Virginia Street and South 1st Street in the 12th Aldermanic District at a total estimated cost of $79,000, with one hundred percent of the total cost funded by 544 South 1st Street, LLC.
Analysis
This resolution authorizes the Commissioner of Public Works to install and enter into a funding agreement with 544 South 1st Street, LLC for a traffic signal at the intersection of West Virginia Street and South 1st Street in the 12th Aldermanic District at a total estimated cost of $79,000, with one hundred percent of the total cost funded by 544 South 1st Street, LLC. This resolution also authorizes the Comptroller to establish and transfer funds to the appropriate accounts for the project. The total estimated cost of the entire project is $79,000 with a grantor share of $79,000 and a City share of $0.
Body
Whereas, 544 South 1st Street, LLC, a development company, plans to develop a facility on the southeast corner of the intersection of West Virginia Street and South 1st Street that is anticipated to generate transit trips to and from the facility by persons with disabilities; and
Whereas, Vehicular gaps in traffic on South 1st Street are not adequate for persons with disabilities to cross to and from bus stops safely; and
Whereas, The City of Milwaukee recognizes that a traffic signal is the only way to provide safe access for disabled persons to the site without compromising pedestrian and vehicular operation and safety; and
Whereas, The traffic signal is warranted for no other reason and therefore would be a private interest signal, funded completely by the private interest benefiting from its placement; and
Whereas, 544 South 1st Street, LLC has agreed to completely fund the operation, installation and maintenance of the traffic signal; and
Whereas, The estimated cost of the initial installation is $79,000 with any cost overruns paid by 544 South 1st Street, LLC; and
Whereas, The operation and maintenance costs will be billed by the City of Milwaukee to 544 South 1st Street, LLC annually based on the amount of work operation and maintenance done yearly; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the Commissioner of Public Works and Comptroller be and hereby are directed to execute the agreement with 544 South 1st Street, LLC pertaining to the cost participation for the installation, maintenance and operation of a new traffic control signal at the intersection of West Virginia Street and South 1st Street, a copy of which is attached to this Common Council Resolution File, and is incorporated in this resolution by reference as though set forth in full; and, be it
Further Resolved, That upon approval of this agreement, the Commissioner of Public Works is authorized to install a new traffic control signal at the intersection of West Virginia Street and South 1st Street; and, be it
Further Resolved, That upon approval of this agreement, the City Comptroller is hereby authorized to create within the Capital Grant and Aid Projects fund the appropriate Project/Grant Chartfield Value for this project; and transfer to these accounts the amount required under the agreement and City accounting policy.
Location
West Virginia Street and South 1st Street
Grantor Share
Fund 0336
Project/Grant Number SP032080100
Total Estimated Cost $79,000
Previously Authorized for Traffic Signals and Signs-$0
Current Estimated Cost of the Total Project Prior to this Resolution-$79,000
Original Estimated Cost of the Total Project-$79,000
Requestor
Department of Public works
Drafter
Infrastructure Services Division
RWB:ns
April 9, 2008