Title
Amending the financing and spending plans in the Department of Public Works Capital Budget for the Gold Line Bus Rapid Transit (BRT) Project.
Body
WHEREAS, the City of Saint Paul and the Metropolitan Council have entered into an agreement for the City to provide traffic signal cabinets on the Metropolitan Council's Gold Line BRT Project; and
WHEREAS, there is a need to add $406,359 in funding from the Metropolitan Council to the project to fund the traffic signal cabinets; 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 $406,359; 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 $406,359 is available for appropriation in the Capital Improvement Budget, as heretofore adopted and amended by the Council, is hereby further amended in the particulars 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 November 13, 2023 and recommended approval.