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Amending the City’s 2020 Operating Budget to reflect the use of fund equity of up to $350,000 to finance the CHA Fire Pump Controller/Transfer Switch Project.
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WHEREAS, the Office of Financial Services Real Estate Section (“Real Estate”) proposes to install a fire pump controller and transfer switches to its emergency power system within the City Annex Building in order to provide power to critical building systems in the event of a power outage ("Fire Pump Controller Project"); and
WHEREAS, OFS Real Estate has been working with an electrical engineering consultant to conduct an assessment of the emergency power system and to prepare cost estimates, plans and specifications for the needed installation work; and
WHEREAS, said consultant has completed plans and specifications and OFS Real Estate now wishes to solicit bids for the work; and
WHEREAS, OFS Real Estate estimates the total cost of the Fire Pump Controller Project to be up to $350,000; and
WHEREAS, the 2020 Operating Budget needs to be amended to provide spending and financing for the Fire Pump Controller Project; and
WHEREAS, OFS Real Estate proposes to finance the project through the use of fund equity (up to $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 $350,000 in excess of those estimated in the 2020 Budget; now
THEREFORE, BE IT RESOLVED, by the Saint Paul City Council, upon recommendation of the Mayor, that the 2020 Operating Budget, as heretofore adopted by the City Council, is hereby further amended in the particulars as indicated in the attached Financial Analysis, to finance the proposed Fire Pump Controller Project.