Agenda Text
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Requesting an appropriation and authorization to borrow $1,500,000 for Beacon Street Reconstruction Non-Participating Costs.
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Official Text
To The Honorable Board:
I respectfully request that your Honorable Board vote to approve an appropriation request of $1,500,000.00 for non-participating costs associated with the Beacon Street Reconstruction project, and authorizing the Mayor and City Treasurer to borrow not exceeding $1,500,000.00 to meet said appropriation, in accordance with the provisions of Chapter 44, of the Massachusetts General Laws.
The total construction value of the Beacon Street Reconstruction Project is $9,550,000.00, of which $1,500,000.00 are costs that the City of Somerville is responsible for under the standard MassDOT Non-Participating Cost Agreement. This includes City standard traffic signals, street lights, landscaping and street furnishings beyond the MassDOT standard; parking improvements outside the scope of the MassDOT project; Resident Engineer / Construction Administration services beyond the MassDOT standard; and contingency funds subject to the MassDOT standard 110% Agreement.
Our Non-Participating Agreement with MassDOT specifies the City’s construction funding share at $1,202,295.00.
There are four major cost categories:
Water-related items $70,040
Curbing $82,770
Street Furnishings $617,605
Electrical Items $431,880
Our funding request also includes $275,000.00 of Construction Administration / Resident Engineer services.
Respectfully,
Joseph A. Curtatone
Mayor