...Title
Amending the financing and spending budgets in the Public Works Capital Funds for the 2019 Sidewalk Reconstruction Program.
...Body
WHEREAS, the Department of Public Works plans to reconstruct sidewalks as part of the Downtown Street and Sidewalk Improvements Program; and
WHEREAS, sidewalk reconstruction in the downtown area is 100% assessed to abutting property owners; and
WHEREAS, the Department of Public Works recommends adding $900,000 of assessment financing to the 2019 Sidewalk Reconstruction Program in order to have sufficient budget to award a contract and to cover the cost of the sidewalk work; and
WHEREAS, the Mayor, pursuant to Section 10.07.1 of the Charter of the City of Saint Paul, does certify that there is available for appropriation funds of $900,000; and
THEREFORE, BE IT RESOLVED by the Council of the City of Saint Paul, upon recommendation of the Mayor, that $900,000 is available for appropriation, as heretofore adopted and amended by this Council, be hereby further amended in the Budgets 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.