Title
Amending the financing and spending plan in the Department of Parks and Recreation in the amount of $5,500,000 to reflect funds from the Metropolitan Council’s Regional Solicitation for the construction of Phase 1 of the Point Douglas Regional Trail.
Body
WHEREAS, RES 22-334 authorized the Department of Parks and Recreation to apply for federal transportation funds through the Metropolitan Council’s Regional Solicitation for the construction of Phase 1 the Point Douglas Regional Trail; and
WHEREAS, the City of Saint Paul has been granted $5,500,000 for said project; and
WHEREAS, the funding will be matched by $1,375,000 in regional parks and trails funds to satisfy the minimum 20% required non-federal funding match; and
WHEREAS, the project has been identified in the Minnesota Department of Transportation’s approved 2024-2027 State Transportation Improvement Plan; and
WHEREAS, it is the desire of Parks and Recreation to amend the financing and spending budget for the projects in the amount of $5,500,000; 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, funds of $5,500,000 in excess of those estimated in the 2024 Capital Improvement Budget; now, therefore, be it
RESOLVED, by the City Council of the City of Saint Paul, upon recommendation of the Mayor and the advice of the Long Range Capital Improvement Budget Committee, that $5,500,000 is available for appropriation in the 2024 Capital Improvement Budget, and said 2024 budget, as therefore adopted by the Council, is hereby further amended.
Financial Analysis
See Attachment
CIB Recommendation
The St. Paul Long-Range Capital Improvement Budget Committee reviewed this request on June 10, 2024 and recommended approval.