Title
Amending the financing and spending plans in the Department of Public Works Capital Budget for the Kellogg/Third Street Bridge Project.
Body
WHEREAS, the Department of Public Works has a project to replace the Kellogg/Third Street Bridge; and
WHEREAS, the Kellogg/Third Street Bridge Project received $80,500,000 in funding from the State of Minnesota, of which $2,200,000 was previously budgeted; and
WHEREAS, the is a need to add $78,300,000 in State of Minnesota funding to the project; and
WHEREAS, the Mayor, pursuant to Section 10.07.1 of the Charter of the City of Saint Paul, does certify that there is available for appropriation funds of $78,300,000; 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 $78,300,000 is available for appropriation of funds 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 reviewed this request on September 11, 2023 and recommended approval.