Title
Amending the financing and spending plans in the Department of Public Works Capital Budget to close out 2019 projects.
Body
WHEREAS, the Department of Public Works plans to finalize and close multiple 2019 projects; and
WHEREAS, there is a need to adjust project budgets to match the financing to the spending prior to project closeout; and
WHEREAS, there is a need to transfer $1,281,807 Municipal State Aid (MSA) funding from the East 7th Safety Improvements, Summit Bridge and Como Trail Projects to 2023 MSA Contingency; and
WHEREAS, the Mayor, pursuant to Section 10.07.4 of the Charter of the City of Saint Paul, does certify that $1,281,807 is available for transfer of appropriation of funds; 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 $1,281,807 is available for transfer of 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 November 13, 2023 and recommended approval.