Number
250502
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution authorizing the City Comptroller to create within the Capital Improvement Fund, Grant and Aid Projects, the necessary Project Grant Chartfield Values for construction for the project for the planned improvement of Silver Spring Drive from North 27th Street to the Milwaukee River.
Analysis
This resolution authorizes the City Comptroller to create within the Capital Improvement Fund, Grant and Aid Projects, the necessary Project Grant Chartfield Values for the construction costs associated with the rehabilitation of Silver Spring Drive from North 27th Street to the Milwaukee River. The City of Glendale has entered into an agreement with the Wisconsin Department of Transportation for rehabilitation of the subject roadway with the Wisconsin Department of Transportation funding 80 percent of the project’s construction costs. The City of Glendale has incorporated segments of the roadway that lie within the City of Milwaukee’s municipal boundaries into the construction project to complete the rehabilitation of the entire roadway between North 27th Street and the Milwaukee River. The total estimated construction cost of this project is $10,792,933.70, with a grantor share of $7,916,160.00, and a local share of $2,876,773.70, of which the City of Milwaukee’s share is $863,032.11 and the City of Glendale’s share is $2,013,741.59.
Body
Whereas, The City of Glendale was awarded Federal Surface Transportation Program entitlement funds to cover approximately 80 percent of the project’s construction costs (see attached State/Municipal Agreement); and
Whereas, Approximately 30 percent of the project’s work lies within the municipal boundaries of the City of Milwaukee; and
Whereas, The City of Glendale has incorporated the segments of the roadway that lie within the City of Milwaukee into the improvement project to complete the rehabilitation of the entire roadway between North 27th Street ...
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