Title
Amending the financing and spending plans in the Fire Department's 2024 capital project budget for Fire Station 7.
Body
WHEREAS, the current budget for the Fire Station 7 project is $10.75 million; and
WHEREAS, recent project estimates are higher than the current budget due to inflationary pressure on materials and labor costs; and
WHEREAS, there is additional funding available of $1,425,245 from bonds and federal earmark for the construction of new Fire Station 7; and
WHEREAS, the Fire Department wishes to accept said funds and amend the financing and spending plans; and
WHEREAS, these funds will be used for construction costs for the new Fire Station 7 project; 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 for appropriation of funds $1,425,245 in excess of those estimated in the 2024 Capital Improvement Budget; NOW
THEREFORE, BE IT RESOLVED, that the City Council finds that there is a public purpose in providing a new fire station to the east side and that acceptance of said funding will enable the project to move forward; and be it
FURTHER RESOLVED, that the City Council upon recommendation of the Mayor and advice of the Long Range Capital Improvement Committee that the $1,425,245 in excess is available for appropriation in the 2024 Capital Projects Budget, and said 2024 budget, is heretofore adopted by the Council, is hereby further amended by the particulars as specified in the attached financial analysis.
Financial Analysis
See Attachment "Fire Station 7 $1,425,245 Funding"
CIB Recommendation
The St. Paul Long-Range Capital Improvement Budget Committee reviewed this request on August 12, 2024 and recommended approval.