Title
Accepting funds from the Great River Passage Conservancy in the amount of $200,000 for use on the River Balcony Schematic Design Project, amending the financing and spending plan, and approving budget reallocation of Great River Passage Legacy funds to the River Balcony Schematic Design Project in the amount of $55,000.
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WHEREAS, the Great River Passage Conservancy has committed $200,000 for the schematic design of the Great River Passage River Balcony project; and
WHEREAS, the Department of Parks and Recreation wishes to accept this donation and adjust the spending budget for the Great River Passage River Balcony project; and
WHEREAS, the Department of Parks and Recreation also wishes to add $55,000 from Great River Passage Legacy Funds to the River Balcony Project; and
WHEREAS, it is therefore the desire of the Department of Parks and Recreation to amend the financing and spending budget for the River Balcony Capital Project in the amount of $255,000; and
WHEREAS, the City Council accepts and thanks the Great River Passage Conservancy for their generous funding; 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 $255,000 in excess of those estimated in the 2021 Capital Improvement Budget; now, therefore, be it
RESOLVED, by the Council of the City of Saint Paul, upon the recommendation of the Mayor, and the advice of the Long Range Capital Improvement Committee, that $255,000 is available for appropriation in the 2021 Capital Improvement Budget, and said budget, as heretofore adopted by Council, are hereby further amended as outlined in the attached Financial Analysis.
Financial Analysis
See Attachment
CIB Recommendation
The St. Paul Long-Range Capital Improvement Budget Committee received this request on October 11, 2021 and recommended approval.