Title
Amending the financing and spending plans in the Department of Public Works Capital Budget for the 2016, 2017 and 2018 Saint Paul Streets Program.
Body
WHEREAS, the Department of Public Works has closed out the 2016, 2017, and 2018 Saint Paul Streets Program; and
WHEREAS, there is a need to transfer excess bond proceeds to the City debt fund; and
WHEREAS, the Mayor, pursuant to Section 10.07.4 of the Charter of the City of Saint Paul, does certify that there are available for transfer of appropriation funds of $3,291,394.11; 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 $3,291,394.11 is available for transfer of appropriation in the Capital Improvement Budget, as heretofore adopted and amended by the Council, is hereby further amended 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 November 13, 2023 and recommended approval.