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File #: RES PH 20-175    Version: 1
Type: Resolution-Public Hearing Status: Passed
In control: City Council
Final action: 9/23/2020
Title: Amending the financing and spending plans in the Department of Public Works Capital Budget by transferring $444,582 in revenues to the 2020 Randolph Bridge Project.
Sponsors: Rebecca Noecker
Code sections: Sec. 10.07.4. - Transfer of appropriations.
Attachments: 1. RES PH 20-175 Randolph Bridge

Title

Amending the financing and spending plans in the Department of Public Works Capital Budget by transferring $444,582 in revenues to the 2020 Randolph Bridge Project.

Body

WHEREAS, MnDOT’s Lafayette Bridge Project over the Mississippi River is complete; and

 

WHEREAS, the City’s local share was budgeted in the 2012 Lafayette Project budget, which has available CIB funding in the amount of $444,582; and

 

WHEREAS the 2020 Randolph Bridge @ the Xcel High Bridge Plant needs additional funding; and

 

WHEREAS, the Department of Public Works plans to transfer $444,582  of CIB funding from the 2012 Lafayette Bridge Project to the 2020 Randolph Bridge 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 $444,582; and

 

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 $444,582 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 Attachment.

 

 CIB Recommendation

The St. Paul Long-Range Capital Improvement Budget Committee received this request on September 14, 2020 and recommended approval.

 

 

Date NameDistrictOpinionCommentAction
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