Title
Amending the financing and spending plans in the Department of Public Works in the amount of $45,130 in additional revenues and $584,551 for transfer of appropriations in order to cleanup and realign the Rice - Maryland Intersection 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 to transfer program dollars into specific projects; and
WHEREAS, additional revenue from Sewers, SPRWs and County Financing in the amount of $45,130 has been collected in Rice Maryland Project; and
WHEREAS, excess MSA of $584,551 will be moved to MSA Contingency from the Rice Maryland Project; 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, funds of $584,551 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 $45,130 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 July 14, 2014 and recommended approval.