Title
Amending the financing and spending plans in the Department of Public Works in order to clean up and realign revenues and expenditures to close out the 2007, 2008, and 2009 Local Street, Alley, Sewer, and Lighting Improvement Projects, and the 2009 RSVP Program.
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
WHEREAS, adjusting revenue from Sewers, SPRWs and Assessments to match the amounts collected is required to close out the projects; and
WHEREAS, the Mayor, pursuant to Section 10.9 of the Charter of the City of Saint Paul, does certify that the above named projects should be closed 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 10, 2014 and recommended approval.