Title
Amending the financing and spending plans in the Department of Public Works in the amount of $113,958 in additional revenues and $11,489 unavailable financing in order to realign and close out the 2010 RSVP projects.
Body
WHEREAS, in a continuing effort by the Department of Public Works to effectively manage capital budgets, there is a need to rectify the financing and spending within particular projects; and
WHEREAS, additional revenue from SPRW's and Assessments in the amount of $113,958 has been collected in 2010 RSVP Program; and
WHEREAS, excess Sewer Revenue of $11,489 will be removed from the 2010 RSVP Program; and
WHEREAS, the Mayor, pursuant to Section 10.9 of the Charter of the City of Saint Paul, does certify that there are unavailable funds of $11,489 in the Capital Improvement Budgets; 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 $113,958 in the Capital Improvement Budgets; so
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 the Capital Improvement Budgets, as heretofore adopted and amended by this Council; be hereby further amended in the Improvement Budgets as detailed and shown on the attached Financial Analysis.
Financial Analysis
See Attachment
CIB Recommendation
The Saint Paul Long-Range Capital Improvement Budget Committee received this request on June 8, 2015 and recommended approval.