Number
070523
Version
ORIGINAL
Reference
061402
Sponsor
THE CHAIR
Title
Resolution to amend two Local Force Account - Local Contracts for the installation of light emitting diode signal indications at 162 intersections under 2007 Highway Safety Improvement Program with an increase of $153,971.18 ($138,574.06 grantor/$15,397.12 City) or 18.35 percent for a new total of $839,019.21, with an amended grantor share of $755,177.29 and an amended City share of $83,901.92.
Analysis
This resolution authorizes the Commissioner of Public Works and the Comptroller to amend two agreements previously authorized by Common Council File Number 061402, which authorized the Commissioner of Public Works and the Comptroller to enter into two funding agreements with the Wisconsin Department of Transportation for installation of light emitting diode signal indications at 162 intersections under 2007 Highway Safety Improvement Program. Due to the increased costs of material and labor, the cost of two Local Force Account - Local Contracts has increased $153,971.18 ($138,574.06 grantor/$15,397.12 City) or 18.35 percent to $839,019.21, with an amended grantor share of $755,177.29 and an amended City share of $83,901.92.
Body
Whereas, The Common Council has previously approved File Number 061402, which authorized the Commissioner of Public Works and the Comptroller to enter into two funding agreements with the Wisconsin Department of Transportation (WISDOT) for the installation of light emitting diode (LED) signal indications at 162 intersections under 2007 Highway Safety Improvement Program; and
Whereas, Costs for materials and labor have increased; and
Whereas, The revised estimated cost for these agreements is $839,019.21, an increase of $153,971.18 or 18.35% over the original estimated cost of $685,048.03 for the installation of light emitting diode signal indications; and
Whereas, Ninety percent of the participating project cost, or $755,117.29, is reimbursable from WISD...
Click here for full text