Title
Pertaining to a 2022 Budget Amendment No. 3 to record the increase in spending and financing for updated estimates for the McCarron’s Treatment Plant Improvement Project.
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WHEREAS, in its 2022 budget, the Board of Water Commissioners authorized spending for the McCarron’s Water Treatment Plant Improvement Project; and
WHEREAS, the 2022 Adopted Budget included financing and spending amounts for the McCarron’s Water Treatment Plant Improvement Project in the amount of $116,000,000, and an additional $58,000,000 is required to fully fund the 2022 work for the project; and
WHEREAS, the total amount needed in 2022 is an increase of $58,000,000 which will be funded by additional debt issuance; now, therefore, be it
RESOLVED, that the Board of Water Commissioners does hereby recommend amendment to its 2022 Adopted Budget, resulting in an increase of spending and financing in the amount of $58,000,000, resulting in an amended project budget of $225,000,000, the details of such are attached, and does recommend approval by the Saint Paul City Council.