Title
Amending the 2022 Saint Paul Regional Water Services budget resulting in an increase in spending and financing of $4M for a pass-through grant in American Rescue Plan funds.
Body
WHEREAS, On March 23, 2022, the City of Saint Paul (the “City”) passed RES 22-448 to authorize $4M of American Rescue Plan for Lead Water Pipe Replacement (“Project”); and
WHEREAS, SPRWS wishes to accept said grant Funds and amend the financing and spending plan for said Project; and
WHEREAS, SPRWS will use the Funds to replace lead water pipes in the City of Saint Paul; and
WHEREAS, the City will reimburse the Funds to SPRWS as a subrecipient; and
WHEREAS, a subrecipient grant agreement is necessary between the City and SPRWS; and
WHEREAS, the Board of Water Commissioners approved RES 22-738 accepting the grant funds and approving the amendment to the 2022 Adopted Budget at the May 10, 2022 Water Board Meeting; therefore, be it
RESOLVED, that the City Council of the City of Saint Paul, upon recommendation of the Mayor does hereby recommend amendment to its 2022 Adopted Budget, resulting in an increase of spending and financing in the amount of $4,000,000, resulting in an amended 2022 Budget of $254,253,414 the details of such are attached.
Financial Analysis
See Attachment.