Title
Amending the financing and spending plans in the Department of Public Works Capital Budget for the Minnesota Street Phase 1 Project.
Body
WHEREAS, the Department of Public Works has a project to reconstruct Minnesota Street from Kellogg Boulevard to 6th Street; and
WHEREAS, the reconstruction of the traffic signals will be funded from the Saint Paul Streets (SPS) Traffic Signal Program; and
WHEREAS, there is a need to transfer municipal state aid into the 2023 Minnesota Street Project as follows:
• $673,152 from 2017 SPS Traffic Signal Program
• $152,963 from 2018 SPS Traffic Signal Program
• $150,000 from 2019 SPS Traffic Signal Program
• $23,885 from 2020 SPS Traffic Signal Program
WHEREAS, the Mayor, pursuant to Section 10.07.4 of the Charter of the City of Saint Paul, does certify that there is available for transfer of appropriation funds of $1,000,000; now, therefore, be it
RESOLVED by the Council of the City of Saint Paul, upon recommendation of the Mayor and advice of the Long-Range Capital Improvement Budget Committee, that $1,000,000 is available for transfer of appropriation of funds in the Capital Improvement Budgets, as heretofore adopted and amended by this Council, be hereby further amended in the Improvements Budgets in the following particulars:
CIB Recommendation
The St. Paul Long-Range Capital Improvement Budget Committee reviewed this request on June 10, 2023 and recommended approval.
Financial Analysis
See Attachment.