Title
Amending the financing and spending plan of the Saint Paul Public Library for the Hayden Heights and St. Anthony libraries.
Body
WHEREAS, the citywide 2018-2019 Capital Maintenance budget included funding for the replacement of boilers at the Hayden Heights and St. Anthony libraries; and
WHEREAS, the Saint Paul Public Library has received bids for the DDC controls systems to accompany the new boilers; and
WHEREAS, the boilers at each branch have been fabricated and are ready for installation; and
WHEREAS, there is cost savings if the DDC controls are installed at the same time; and
WHEREAS, the Saint Paul Public Library has identified an additional need of $76,993 for the DDC control systems project; and
WHEREAS, the Saint Paul Public Library is requesting use of $27,594 in available contingency to complete the DDC control systems project at Hayden Heights and St. Anthony libraries; and
WHEREAS, the Saint Paul Public Library is requesting use of $44,962 of interest earnings; and
WHEREAS, the Saint Paul Public Library is requesting to repurpose $4,437 of bond proceeds; and
WHEREAS, the Saint Paul Public Library needs to align the budget with actuals for two projects that have been completed; and
WHEREAS, the Series 2014C bond proceeds have been spent and the budget needs to be aligned with actuals; and
WHEREAS, it is the desire of the Saint Paul Public Library to amend the financing and spending budgets in the amount of $189,965; 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 $76,993 in excess of those estimated in the 2020 Capital Improvement Budget; now, therefore, be it
RESOLVED, by the City Council of the City of Saint Paul, upon recommendation of the Mayor and the advice of the Long Range Capital Improvement Budget Committee, that $76,993 is available for appropriation in the 2020 Capital Improvement Budget, and said 2020 budget, as therefore adopted by the Council, is hereby further amended.
Financial Analysis
See Attachment
CIB Recommendation
The St. Paul Long-Range Capital Improvement Budget Committee received this request on August 10, 2020 and recommended approval.