Submitted By
Bill McKenna, Village Engineer
Reviewed By
LKS
Agenda Item Title
Title
A Resolution Approving a Customer Work Agreement with Commonwealth Edison Company for Constructing the Relocation of Electrical Distribution Facilities for the Vacation of South Euclid Avenue for the Senior Living Center Development at 703 Madison Street in an Amount Not to Exceed $431,642.70 and Authorizing its Execution
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Overview
Overview
There are existing ComEd facilities located in the public right-of-way on Euclid Avenue south of Madison Street that must be relocated in order to proceed with the Senior Living Center at 703 Madison Street. Costs for relocating public electrical facilities are paid by the Village per the Redevelopment Agreement and according to the Franchise Agreement with ComEd. Design work has been completed and this agreement authorizes ComEd to start their construction work for relocating their facilities.
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Recommendation
Recommendation
Approve the Resolution.
Fiscal Impact
ComEd bid out this construction work in December in which the costs for this work are $431,642.70. The FY2020 Budget included funds for this work in the Madison Street TIF Fund, Economic Development Initiatives, for the Madison Street Redevelopment and Streetscape Project, account no. 2072-41300-101-570698. The cost for design in the amount of $47,651 was previously approved by the village board at the June 15, 2020 regular Board meeting.
Background
In the fall of 2019 the Engineering Division began working with Commonwealth Edison Company (ComEd) to relocate electrical distribution facilities which were located on Euclid Avenue south of Madison Street needed in order to vacate Euclid Avenue to allow for the senior living facility to be built. The senior living facility will be reserving a fifteen foot wide utility easement along the west edge of the parcel for the Village's water and sewer mains and private utilities.
Per the Redevelopment Agreement (RDA) wi...
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