Title
Granting an additional $12 million of budgetary authorization for the construction of the McCarron’s Treatment Plant Improvements Project.
Body
WHEREAS, in its 2021 budget, the Board of Water Commissioners authorized spending for the construction phase of the McCarron’s Water Treatment Plant Improvement Project; and
WHEREAS, the 2021 Adopted Budget included financing and spending amounts for the construction phase of the McCarron’s Water Treatment Plant Improvement Project in the amount of $51,000,000; and
WHEREAS, the 2022 Adopted Budget added an additional $116,000,000 of funds to the construction phase of the McCarron’s Water Treatment Plant Improvement Project budget; and
WHEREAS, the Board of Water Commissioners also adopted RES 22-732 and RES 20-1888, which respectively added an additional $58,000,000 and an additional $4,600,000 of funds to the construction phase of the McCarron’s Water Treatment Plant Improvement Project budget; and
WHEREAS, an additional $12,000,000 of budgetary authorization is needed to ensure that adequate funds are available to complete the construction phase of the project in its entirety; and
WHEREAS, this additional $12,000,000 will be funded by additional debt issuance; now, therefore, be it
RESOLVED, that the Board of Water Commissioners does hereby recommend amendment to its 2025 Adopted Budget, resulting in an increase of spending and financing in the amount of $12,000,000, resulting in an amended budget of $210,697,999 (note: full utility budget for 2025), resulting in an amended project budget for the construction phase of the McCarron’s Water Treatment Plant Improvement Project of $241,600,000, the details of such are attached, and does recommend approval by the Saint Paul City Council.