Title
Amending the financing and spending plans in the Department of Public Works Capital Budget to close out 2016 projects.
Body
WHEREAS, the Department of Public Works plans to finalize and close multiple 2016 projects; and
WHEREAS, there is a need to adjust project budgets to match the financing to the spending prior to project closeout; and
WHEREAS, the Department of Public Works proposes to transfer $65,000 of Municipal State Aid from the 2016 Saint Paul Streets Signal Program to the 2022 Saint Paul Streets Signal Program; and
WHEREAS, the Department of Public Works proposes to transfer $1,133,675 in Municipal State Aid balances from the White Bear Avenue, Raymond Avenue, Grand Avenue Pedestrian Improvements and Randolph Avenue Projects into the Capital City Bikeway Kellogg Phase 2 - St. Peter to W7th; 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 $1,198,675; 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 $1,198,675 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 Improvements Budget in the following particulars:
Financial Analysis
See Attachment.
CIB Recommendation
The St. Paul Long-Range Capital Improvement Budget Committee received this request on September 12, 2022 and recommended approval.