Title
Amending the financing and spending plan in the Department of Parks and Recreation in the amount of $6,000,000 to utilize approved General Fund and City Bond Funds for the Pedro Park project. (Public hearing continued from August 16)
Body
WHEREAS, the Department of Parks and Recreation is developing a new park at the old Pedro Luggage building site; and
WHEREAS, it is the desire of the Department of Parks and Recreation to utilize approved General Funds in the amount of $1,000,000 for the Pedro Park project; and
WHEREAS, the City is allocating $1 million in General Fund support toward this project, made available through strategic investments of American Rescue Plan funding; and
WHEREAS, due to the reduction of city bond funding originally allocated to the North End Community Center budget (see RES PH 23-222), this $5,000,000 funding is now available to be used for the Pedro Park Project; and
WHEREAS, the Department of Parks and Recreation wishes to amend the existing financing and spending budget for the Pedro Park project to reflect said funds; 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 $6,000,000 in excess of those estimated in the 2023 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 $6,000,000 is available for appropriation in the 2023 Capital Improvement Budget, and said 2023 budget, as heretofore adopted by the Council, is hereby further amended as specified in the attached financial analysis.
Financial Analysis
See Attachment
CIB Recommendation
The St. Paul Long-Range Capital Improvement Budget Committee reviewed this request on August 14, 2023 and recommended approval.