Title
Amending the financing and spending budgets in the Department of Public Works in the amount of $835,208 in order to fully fund the Montreal Avenue Reconstruction project known as SU-1503005 and approved on Council File PH 12-22, and to add water and sewer financing to the project in the amount of $402,000.
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WHEREAS, the Department of Public Works is in the process of awarding a contract for the Montreal Avenue Reconstruction Project that was approved by Council as part of the 2013 capital budget process, and
WHEREAS, the bid amounts received are higher than the engineer's estimate for the project due in part to the project being delayed as Public Works held several meetings with the community in order to address all design concerns, and
WHEREAS, some design elements were added to the project that were not in the original estimate such as removing and replacing all sidewalk along sections of Montreal Avenue in lieu of doing individual panel repair or replacement, and
WHEREAS, it was determined to reconstruct the traffic signal at the intersection of Fairview and Montreal that was not included in the original estimate for the project, and
WHEREAS, the Department of Public Works proposes to use available CIB Bond contingency identified from previous years and available MSA budget from MSA Contingency activities to cover the shortfall in order to get the project fully funded and constructed, and
WHEREAS, there is SPRWS work of $300,000 and Sewers work of $102,000 in the contract that is not in the initial budget; and
WHEREAS, the Mayor, pursuant to Section 10.07.4 of the Charter of the City of Saint Paul, does certify that there are available for transfer, funds of $835,208 in the Capital Improvement Budgets; and
WHEREAS, the Mayor, pursuant to Section 10.07.1 of the Charter of the City of Saint Paul, does certify that there are available funds to appropriate of $402,000; so
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 $1,237,208 is available for appropriation in the Capital Improvement Budgets, as heretofore adopted and amended by this Council, be hereby further amended in the Improvement Budgets in the following particulars:
Financial Analysis
See Attachment
CIB Recommendation
The St. Paul Long-Range Capital Improvement Budget Committee received this request on June 9, 2014 and recommended approval.