Title
Amending the financing and spending plans in the Department of Public Works Capital Budget for the Fourth and St. Peter Pedestrian Improvement, Kellogg/Third Bridge, Shepard Road Bridge near Otto and the West Side Pedestrian Improvement Projects.
Body
WHEREAS, the Department of Public Works proposes to add and/or transfer funding to the Fourth and St. Peter Pedestrian Improvement, Kellogg/Third Bridge, and Shepard Road Bridge near Otto and the West Side Pedestrian Improvement Projects; and
WHEREAS, the Department of Public Works is recommending the following changes to the financing and spending on these projects:
? Transferring $150,000 Municipal State Aid (MSA) from 2023 MSA Contingency to the Fourth and St. Peter Pedestrian Improvement Project.
? Transferring $350,000 MSA from 2023 MSA Contingency to the Shepard Road Bridge near Otto Project.
? Transferring $1,500,000 MSA from 2023 MSA Contingency to the Kellogg/Third Bridge Project.
? Adding $317,000 STAR funding to the West Side Pedestrian Improvement Project.
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 $317,000; 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 $2,000,000; 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 $317,000 is available for appropriation of funds and $2,000,000 is available for transfer of appropriation of 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 Rec...
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