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File #: RES PH 19-70    Version: 1 Name: Budget amendment transferring funds to the 2019 Fairview Street Reconstruction Project
Type: Resolution-Public Hearing Status: Passed
In control: City Council
Final action: 4/24/2019
Title: Amending the financing and spending plans in the Department of Public Works Capital Budget by transferring $650,000 in revenues to the 2019 Fairview Street Reconstruction Project.
Sponsors: Mitra Jalali
Attachments: 1. RES PH 19-70 FA Fairview

Title

Amending the financing and spending plans in the Department of Public Works Capital Budget by transferring $650,000 in revenues to the 2019 Fairview Street Reconstruction Project.

 

Body

WHEREAS, the City is planning to reconstruct Fairview from Shields to University in 2019; and

 

WHEREAS, there is a need for increased funding due to higher estimated project costs and an expanded project scope; and

 

WHEREAS, the 2017 Como Avenue Project has Municipal State Aid funding available for transfer into the 2019 Fairview Project; and

 

WHEREAS, the Department of Public Works plans to transfer $650,000 Municipal State Aid funding into the 2019 Fairview Project from the 2017 Como Avenue 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 $650,000.

 

NOW, THEREFORE BE IT RESOLVED by the Council of the City of Saint Paul, upon recommendation of the Mayor and advice of the Capital Improvement Budget Committee, that $650,000 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 following particulars:

 

Financial Analysis

See attachment.

 CIB Recommendation

The St. Paul Long-Range Capital Improvement Budget Committee received this request on April 8, 2019, and recommends approval.

 

Date NameDistrictOpinionCommentAction
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