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File #: RES PH 19-367    Version: 1 Name:
Type: Resolution-Public Hearing Status: Passed
In control: City Council
Final action: 11/6/2019
Title: Recommending an amendment to Saint Paul Regional Water’s 2019 Adopted Budget to record the increased financing and spending from the Minnesota Historical Society Grant for $250,000 for repair to the historic Highland Park Water Tower, and to transfer $285,000 in capital funds to operating funds for a portion of the grant match.
Sponsors: Amy Brendmoen
Attachments: 1. BWC Resolution 19-1754, 2. 2019 Amendment 1 Water Financial Analysis

Title

Recommending an amendment to Saint Paul Regional Water’s 2019 Adopted Budget to record the increased financing and spending from the Minnesota Historical Society Grant for $250,000 for repair to the historic Highland Park Water Tower, and to transfer $285,000 in capital funds to operating funds for a portion of the grant match. 

 

Body

WHEREAS, Resolution RES 19-275 approved the grant agreement between the Board of Water Commissioners of the City of Saint Paul and the Minnesota Historical Society to perform repairs on its historic Highland Park Water Tower in the amount of $250,000; and

 

WHEREAS, in its 2017 budget, the Board of Water Commissioners did authorize $285,000 for Highland 1 Station Modification as a capital funded project that has carried forward to 2019; and

 

WHEREAS, the Board of Water Commissioners recommended approval of the amendment to the 2019 Adopted Budget at the Water Board Meeting on October 8, 2019; therefore, be it

 

RESOLVED, that the City Council of the City of Saint Paul, upon recommendation of the Mayor does hereby recommend amendment to the Saint Paul Regional Water’s 2019 Adopted Budget, resulting in an increase of spending and financing of $250,000 to the 2019 Adopted Budget, resulting in an amended budget of $77,662,786, and transfer $285,000 from capital funds to operating funds and does recommend approval by the Saint Paul City Council.

 

Financial Analysis

See attachment

 

 

 

 

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