Title
Amending the 2024 and 2025 Capital Improvement Budget to allocate funding for Community Proposal Allocations, and reprogramming unspent 2021 Community Proposal funding as recommended by the Capital Improvement Budget Committee.
Body
Whereas, the Saint Paul Long-Range Capital Improvement Budget Committee reviewed Community Proposal applications and approved 2024 funding recommendations on August 12, 2024; and
Whereas, the Saint Paul Long-Range Capital Improvement Budget Committee reviewed previous process project statuses and recommended reprogramming funding on October 14, 2024; and
Whereas, Office of Financial Services staff request to amend the Capital Improvement Budget in the manner as specified in Attachments A and B; and
Whereas, the Mayor, pursuant to sections 57.09 and 10.07.04 of the City Administrative Code, does certify there are available for transfer appropriation funds of $612,251 in the Capital Fund; now
Therefore be it resolved, by the Council of the City of Saint Paul, upon recommendation of the Mayor that $612,251 is available for transfer of appropriation in the Capital Fund, as heretofore adopted and amended by this Council, be hereby further amended in the particulars as specified in the attached financial analysis.
Financial Analysis
See Attachments.
CIB Recommendation
The St. Paul Long-Range Capital Improvement Budget Committee reviewed Community Proposals and recommended funding on August 12, 2024, and reviewed previous process project status and recommended reprogramming funding on October 14, 2024