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Amending the financing and spending plans in the Library Capital Budget for the Transforming Libraries Project.
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WHEREAS, the Saint Paul Public Library (SPPL) is currently underway on its Transforming Libraries project focused on constructing a new Hamline Midway Library and renovating the Hayden Heights and Riverview Libraries; and
WHEREAS, public funds are needed to fully realize the goals of the Transforming Libraries Project; and
WHEREAS, the Office of Financial Services has identified $500,000 in Capital Improvement Bond interest that is available to transfer into the project to fund this work; and
WHEREAS, the Mayor, pursuant to Section 10.07.1 of the Charter of the City of Saint Paul, does certify that there is available for appropriation funds of $500,000; now, therefore be it
THEREFORE, BE IT RESOLVED, by the Council of the City of Saint Paul, upon recommendation of the Mayor that $500,000 is available for appropriation in the City Capital and Operating Budget, that said budget, as heretofore adopted by Council, is hereby further amended by the particulars as specified in the attached financial analysis.
Financial Analysis
See attachment.
CIB Recommendation
The St. Paul Long-Range Capital Improvement Budget Committee reviewed this request on April 14, 2025 and recommended approval.