Title
Amending the financing and spending plans in the Department of Public Works Capital Budget for the Capital City Bikeway Phase 1 Project.
Body
WHEREAS, the Department of Public Works has a project to construct the first phase of the Capital City Bikeway on Kellogg from Jackson to St. Peter; and
WHEREAS, there is a need to transfer $778,455 of Municipal State Aid (MSA) funding from the 2023 Robert Street Project to the 2023 CCB Ph 1 Project for the Kellogg at Robert Street intersection, which will be completed as part of this project; and
WHEREAS, there is a need to transfer $21,545 of Municipal State Aid (MSA) funding from 2023 Municipal State Aid Contingency to the 2023 CCB Ph 1 Project; and
WHEREAS, there is a need to add $347,520 in Saint Paul Sewer funding and $320,314 in Saint Paul Regional Water funding to the project; 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 $667,834; and
WHEREAS, the Mayor, pursuant to Section 10.07.4 of the Charter of the City of Saint Paul, does certify that there is available for transfer of appropriation funds of $800,000; 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 $667,834 is available for appropriation of funds and $800,000 is available for transfer of appropriation of funds in the Capital Improvement Budgets, as heretofore adopted and amended by this Council, be hereby further amended in the Improvements Budgets in the following particulars:
Financial Analysis
See Attachment.
CIB Recommendation
The St. Paul Long-Range Capital Improvement Budget Committee reviewed this request on September 11, 2023 and recommended approval.