Title
Amending the financing and spending plans in the Department of Public Works Capital Budget by transferring $70,000 in revenues into the 2020 Gold Line Bus Rapid Transit Lighting Design Project.
Body
WHEREAS, Metro Transit is planning the METRO Gold Line Bus Rapid Transit (BRT) Project in the Interstate 94 corridor from Woodbury into downtown Saint Paul; and
WHEREAS, the City of Saint Paul plans to provide funding for the design of the lighting along the corridor in the estimated amount of $70,000; and
WHEREAS, there is $49,825 available in 2017 CIB Contingency and $20,175 available in 2018 CIB Contingency to transfer into the 2020 Gold Line BRT Lighting Design Project; 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 of funds of $70,000.
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 $70,000 is available for transfer of appropriation in the Capital Improvement Budgets, as heretofore adopted and amended by this Council, be hereby further amended in the Improvements Budgets in the following particulars:
Financial Analysis
CIB Recommendation
The St. Paul Long-Range Capital Improvement Budget Committee received this request on May 11, 2020, and recommends approval.