Title
Amending the financing and spending plans in the Department of Public Works Capital Budget by transferring $118,000 in revenues into the Snelling at Summit Intersection Improvement Project.
Body
WHEREAS, the Department of Public Works is planning safety improvements to the intersection of Snelling at Summit that include signal upgrades and a green path through the intersection that connects the bike lanes at a cost of $118,000; and
WHEREAS, the Department of Public Works plans to transfer $118,000 of Municipal State Aid (MSA) funding from the 2018 MSA Contingency to the 2019 Snelling at Summit Intersection Improvement Project; and
WHEREAS, the Mayor, pursuant to Section 10.07.4 of the Charter of the City of Saint Paul, does certify that there is available for transfer of appropriation of funds of $118,000; 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 $118,000 is available for transfer of appropriation in the Capital Improvement Budgets, as heretofore adopted and amended by this Council, be hereby further amended in the Improvements Budgets in the following particulars:
Financial Analysis
See attached.
CIB Recommendation
The St. Paul Long-Range Capital Improvement Budget Committee received this request on April 8, 2019, and recommends approval.