Title
Amending the 2024 Saint Paul Regional Water Services spending budget to record the cost-neutral change in spending for the cost of issuance, principal and interest due on PFA note DW09.
Body
WHEREAS, the 2024 adopted budget included $3,798,286 for principal, interest and cost of debt issuance for the McCarron’s Treatment Plant project; and
WHEREAS, the amount was budgeted in a placeholder accounting unit “6906920XX- NP 20XX Future Debt Proceeds”; and
WHEREAS, PFA note DW09 for $29,000,000 was signed and closed in August 2024. New accounting unit 690972024N was created for the debt service on the note; and
WHEREAS, the administrative order will result in no increase or decrease to spending, it will transfer the budget to the correct accounting unit; now, therefore, be it
RESOLVED, that the Board of Water Commissioners does recommend amendment to its 2024 spending budget of the Water Utility Fund, and does recommend approval by the Saint Paul City Council.