90-2231 o�� � vl {� AL. - �. �,,
� <�J Council File : �o aa3i
Green Sheet # 0 �a-�
RESOLUTION
�CITY OF SAINT PAUL, MINNESOTA
Presented By - Zti '
Referred To Committ�e: Date
RESOLVED, by' the Council of the City of Saint Paul , upon recommendation
of the Mayor and positive advice of the Long Range Capital Improvement Budget
. Committee that the 1988 and 1990 Capital Improvement Budgets, as heretofore
adopted and amended by the Council , are hereby further amended as follows:
Funding Current Amended
, Source Appropriation Change Appropriation
--------- -------------- --------- --------------
NEWELL PARK RESTROOP�S 3K002
---------------------+-
925-90088-0537-73148 1988 CIB 87,500 (87,500) 0
925-90090-0537-73148 1990 CIB 0 87,500 87,500
LINWOOD COMMUNITY CENTER 3Q001
--------------------�---
925-90088-0537-73127 1988 CIB 0 87,500 87,500
925-90090-0537-73127 1990 CIB 2,448,000 (87,500) 2,360,500
APPROVED AS TO FUNDING . APPR4VED
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Adopt�d by Councils Dait� DEC 1 8 1990 lorm �► �d by,�City ttornay�
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Adopt a Cartilied� by Cbuncil S�cr�tary gY= � , p r� ��-J _ ��,
BY Council � ��r !or submisaioa to
Appro�n�d by �Sayor: Dat� �� � � �����
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Sy:
' �G�'�C�� BY= ///�2�"i'��X i'.�e��P/�
�tl�I�SHED L�� 2 -
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DEPARTM[NTIOFfIf�JCOUNqL OATE IN D
CS/Parks and Recr ation �o�ii�90 GREEN SHEET No. �;� `��1
CONTACT PERSOW 3 PHONH �NfTIALJ DATE INITIAUDATE
DEPARTMENT DIqECiOR ✓ �qTY OOUNCIL
John Wi rka 29 -7400 �� qTY ATTORNEV ,�-' [�]CITY CLERK
MUBT BE ON COUNpL AQENDA BY(D TE) ROUTIIiO BUDOET DIRECTOR S g ��FIN.6 MOT.SERVICES DIR.
October 30, 1990 Q MpVOR(OR ASSI8TANT) � Chi ef ACC
TOTAL#�OF SIGNATURE PA 1 (CLIr ALL(.00ATIONS fOR SIONATURE) dP s ecrea i on
ACT10N qE0UE8TED:
Approval of Cit Cou cil Resolution �ECEi�E� RECE[VED
1 1990
�coMM�a�nows:�ov�•w a c�n cou�cx.co��� o
�PLANNINO COMM18810N ' CIVIL.8E �WMMI881�1 ANALY8T �T r���E NO C"'_""____' l��.
U �.,�.a
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A STAFF �E�:
_DI81'Fi1CT COURT
SUPPORT8 WHiqi OOUNGL OBJE ?
tNITIATINt3 PROBLEM�ISSUE� (WAO Wh�.WMn.WMn.N�hY):
Combine 1988 an 199 Newell Park Capital Improvement Projects, for cost savings and
less disruption to t e park. Council action needed to establish Newell Park Projec�
in 1990 budget, and inwood Park Project in 1988 budget, in effect exch��,�e funds
between the two to liminate arbitrage concerns.
NOV 2 8 19��
MAY
ADVANTAOES IF APPROVED:
1. Cost saving on ewell Park Building Renovation Project and lessened disruption
to the park
2. Elimination of p tential arbitrage problem with 1988 Capital Improvement funds.
�
DIBADVANTIKiEB IF APPROVED:
RECEiVEt3 P'OV 15 1990
None �I�.v4: ���,�^��4� Cen�i�;' �
i3�i���� �;' ��nt �:l�t�CTOR
NOV 2 � �gQO ��'� �� 199�����RTl�ENT C3F FfNANCE
BUQG�7� �IF�I�t � �A�VAGEMENT SERVICE
D13ADVANTAQEB IF NOT APPROVED:
Unable to achie e cost savings by combining projects. �CEIVED
Potential arbit age c sts to city, 1988 Capital Improvement funds. ��O��O
CfTY CLERK
TOTAL AMOUNT OF et -O- COST/REVENUE SIlDGBTED(qRCLE ON� YES NO
�u�o sou� Ac�vmr a�Me� C88-3K002
FlNANCUL INFORMATION:(EXPWN) C9O�3Q 1
, C88 and C90 to be assigned r�
CJ
. _ � qe-a��
Analyst: AICHINGER
Date: November 9, 1990
BUDGET OFFICE ANALYSIS
OF BUDGET AMENDMENTS
Department: Community S�rvices
Green Sheet Number: 8125
Amount of Request: $87,500 Positions Requested: 0
Amount Recommended:$87,500 Positions Recommended 0
Funding Source: 1988 and 199�Capital Improvement Bonds
Subject of Request: Transfer$87,�00 in 1990 Capital Improvement Bond financing from Linwood Community Center to Newell Park
Restroom Rehabilitation; replace 1990 bond financing for Linwood with 1988 bonds originally budgeted for Neweil
Park Restroo�hs.
BaCkground: Rehabilitation�jof the kitchen at Newell Park is proposed for 1991. Because cost savings will occur if the bathrooms
and kitchen ane remodelled at the same time, Parks and Rec staff delayed work on the restrooms so that the two can
be done togetiher in the summer of 1991. Exchanging the financing sources with Linwood allows this coordination
without exceeqing arbitrage deadline requirements. Both projects continue to be financed in full.
Major IsSUes: If the transfer poes not occur, use of 1988 bond proceeds will exceed the arbitrage deadline.
Fiscal Impact: (Current Year and Following Year)
If the transfer does not occur,additional costs may incur to the City because of arbitrage requirements.
Recommendation: APPROVE
Follow—up Recommended, If Any:
None
swan sonllot9004-90.alUan alysis/5-8-90 .