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File #: RES PH 16-427    Version: 2
Type: Resolution-Public Hearing Status: Passed
In control: City Council
Final action: 11/16/2016
Title: Authorizing Parks and Recreation to establish a 2016 financing and spending budget to recognize a donation in the amount of $300,000 for the Rice Park Revitalization Project.
Sponsors: Rebecca Noecker
Attachments: 1. Copy of RES PH 16-XXXX Rice Park (2).pdf
Title

Authorizing Parks and Recreation to establish a 2016 financing and spending budget to recognize a donation in the amount of $300,000 for the Rice Park Revitalization Project.

Body

WHEREAS, the City of Saint Paul and the Saint Paul Parks Conservancy have agreed to revitalize Rice Park through a joint funding effort with the Friends contributing a donation of  $1,000,000 of which more than $820,000 has been raised in anticipation of the construction of a $1,750,000 project; and

WHEREAS; the Mayor’s Proposed 2017 Capital Improvement Budget includes $500,000 in CIB funds dedicated to the project and is anticipated to be adopted on December 14, 2016; and

WHEREAS; of the $1,000,000 donation in total funding, the Saint Paul Parks Conservancy have pledged to provide for the $1,750,000 project, $300,000 is available for the project in 2016; and

WHEREAS; Parks and Recreation will return all funding from the Saint Paul Parks Conservancy if the project is not completed by the end of 2018; and 

WHEREAS, Parks and Recreation will provide construction management and implementation services for the project as anticipated in the 2017 Capital Improvement Budget; and

WHEREAS; Parks therefore wishes to make a total of $300,000 available in 2016 for initial expenditures including planning and design work; 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 $300,000 in excess of those estimated in the 2016 Capital Improvement Budget; now, therefore, be it

RESOLVED, by the Council of the City of Saint Paul, upon the recommendation of the Mayor, and the advice of the Long Range Capital Improvement Committee, that $300,000 is available for appropriation in the 2016 Capital Improvement Budget, and said budget, as heretofore adopted by Council, is hereby further amended as outlined in the attached Financial Analysis.

Financial Analysis

See Attachment...

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