Title
Amending the financing and spending plans in the Department of Public Works Capital Budget for the 2024 Downtown Paver Replacement Project.
Body
WHEREAS, the Department of Public Works is planning to replace pavers in Downtown Saint Paul; and
WHEREAS, the Office of Financial Services has identified $174,000 in Capital Improvement Bond interest that is available to transfer into the 2024 Pedestrian and Traffic Safety Improvement Program to fund this work; and
WHEREAS, the Mayor, pursuant to Section 10.07.1 of the Charter of the City of Saint Paul, does certify that there is available for appropriation funds of $174,000; 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 $174,000 is available for appropriation funds in the Capital Improvement Budget, as heretofore adopted and amended by this Council, be hereby further amended in the Capital Improvement Budget in the following particulars:
Financial Analysis
See Attachment.
CIB Recommendation
The St. Paul Long-Range Capital Improvement Budget Committee reviewed this request on August 12, 2024 and recommended approval.