Title
Amending the financing and spending plans in the Department of Public Works Capital Budget to transfer $30,000 of CIB funding from Capital Maintenance Contingency to the Public Works South Garage Paint Booth Project.
Body
WHEREAS, the Department of Public Works was awarded $102,350 from the CIB Capital Maintenance funding for the South Garage Paint Booth Project; and
WHEREAS, the cost of the project has increased by $30,000; and
WHEREAS, there is CIB funding available in Capital Maintenance Contingency; and
WHEREAS, there is a need to transfer $30,000 of CIB funding from CIB Capital Maintenance Contingency to the Public Works South Garage Paint Booth 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 $30,000; now, 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 $30,000 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 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 March 13, 2023 and recommended approval.