Title
Recommending an amendment to the 2019 adopted budget to record the increase in spending and financing for the demolition of the Highland Reservoir, pipe assessment, modifications and repairs to buildings and structures, and technology improvements.
Body
WHEREAS, Resolution 19-1754 approved Amendment No. 1 to the 2019 Adopted Budget and this amount was $250,000; and
WHEREAS, in its 2018 budget, the Board of Water Commissioners did authorize spending for the repair and maintenance of the utility facilities for $697,000, technology improvements for $160,000, plans and specifications for the Highland reservoir and an assessment of our concrete pipe for $360,000, and improvements to Sucker Lake under a joint powers agreement with the Vadnais Lake Area Water Management Organization (VLWAMO) for $30,000 for a total of $1,247,000; and
WHEREAS, contracts for these services were not fully executed by the end of the fiscal year 2018 and not expended or encumbered; and
WHEREAS, the total amount needed in 2019 increase in spending is $1,247,000 which will be financed from use of fund balance; and
WHEREAS, the Board of Water Commissioners recommended approval of the amendment to the 2019 Adopted Budget at the Water Board Meeting on October 8, 2019; now, therefore, be it
RESOLVED, that the City Council of the City of Saint Paul, upon recommendation of the Mayor does hereby recommend amendment to its 2019 Adopted Budget, resulting in an increase of spending and financing of $1,247,000 to the 2019 Adopted Budget, resulting in an amended budget of $78,909,786 and does recommend approval by the Saint Paul City Council.
Financial Analysis
See attachment