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Subject: (Direct Referral) Revised State Municipal Agreement for State Project ID: 2703-00-01/71, Memorial Drive Bridge Project. (Res. No 15-0252)
Recommendation of the Public Works and Services Committee on 06-09-15: That Revision 1 to State Municipal Agreement for State Project ID: 2703-00-01/71, Memorial Drive Bridge Project, as submitted, be approved.
Fiscal Note: Revision 1 brings the total cost of this agreement to $618,720, with WisDOT's share being $494,176 (80% up to a maximum of $494,176) and the City of Racine's share being $124,544 (20% and any funds in excess of the $494,176 Federal/State maximum). Funding to defray the cost of this revision is allocated in the 2015-2024 CIP Budget.