05-1175Council File #
Green Sheet #
RESOLUTION
CITY OF ST. PAUL, MINNESOTA
Presented By:
Referred To:
Committee:
1 WIIEREAS, the CouncIl of the City of Saint Paul approved C. F. 03-614 on June 25, 2003, wlnch established a budget
2 for the Meritex Lot and Carlo Building acquisirion proj ect; and
a WFIEREAS, the current anricipated acquisirion costs will exceed the original budget estimated two years ago; and
6 WHEREAS, the original financing budget included loan financing (assumed to be a Port Authoriry bond or note),
7 wluch is not the most cost-effective financing for the City and was ultimately not pursued; and
9 WHEREAS, the Griffin Building Construction Account has a remaining balance and interest eamings that can finance a
10 portion of the additional Meritex acquisition; and
ii
12 WHEREAS, the Trout Brook Corridor Acquisition project was completed under budget and a financing balance
remains; and
13
14 WHEREAS, the Council of the City of Saint Paul approved in the 2004 and 2005 Capital Improvement Budgets a total
11 of $1 million for the Sandy Lake Soccer Fields project; and
16
t7 WHEREAS, the Long-Range Capital Improvement Budget Committee did not recommend funding the additional $3.9
is million required to complete the Sandy Lake Soccer Fields project in 2006 or 2007; and
19
2o WHEREAS, the 2005 C1B Conringency Account has funds to finance project overruns and unforeseen needs; so
21
22 THEREFORE BE IT RESOLVED, by the Council of the City of Saint Paul, upon recommendarion of the Mayor and
23 advice of the Long-Range Capital Improvement Budget Committee, that $2,721,217 is available for appropriation in the
24 1999, 2000, 2001, 2003, 2004 and 2005 Capital Improvement Budgets, as heretofore adopted and amended by this
25 Council, be hereby further amended in the Capital Ixnprovement Budgets, in the following particulars:
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
41F
45
46
47
Meritex Lot / Car-Lo Building
Financing CO3-4T020
Contributions & Donations - Outside (6905)
Transfer from Special Revenue Fund (7305)
Rentals-N.O.C. (5499)
Transfer-In Intrafund (7499)
Transfer from C.I.B. 1994 (7314)
Transfer from C.I.B. 1995 (7315)
Transfer frum C.I.B. 1998 (7318)
Transfer from C.I.B. 1999 (7319)
Transfer from C.I.B. 2001 (7321)
Tzansfer from C.I.B. 2002 (7322)
Transfer from C.I.B. 2003 (7323)
Transfer from C.I.B. 2005 (7325)
Spending CO3-4T020
Transfer to Special Revenue Fund (0558)
AcquisirionofLand (0881)
Curreat
Bu et
350,000.00
275,000.00
0.00
0.00
125,539.58
162,020.06
42,363.00
6,40434
6Q932.00
352,862.14
274,378.88
Chan¢e
Amended
Budeet
(35Q000.00)
200,000.00
31,789.00
139,993.00
0.00 599,435.00
1,650,000.00 621,217.00
os-�t7s
?0.�`-1 O �l �
Date
/'
0.00
475,000.00
31,789.00
139,993.00
125,539.58
162,020.06
42,863.00
6,40434
60,932.00
352,86214
274,378.88
599,435.00
2,271,217.00
0.00 I 89,428.00 189,428.00
],650,000.00 431,789.00 2,081,789.00
1,650,000.00 621,217.00 2,271,217.00
Council File #
Green Sheet #
Current
Budeet
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
�7
78
79
30
81
82
83
84
2005 CIB Contingency
Financing COS-OT110
Transfer from C.I.B. 2005 (7325)
Spending COS-0T110
Council Contingency (0548)
2005 Sandy Lake Soccer Field
Financing COS-3T108
Transfer from C.I.B. 2005 (7325)
Spending COS-3T108
Improvetnents of Land (0882)
Trout Brook Corridor Acquisition
Financing C993E015
Other State Grants (3490)
State Highway Dir Grants (3499)
Sale of Capital Assets (42t5)
Rentals-N.O.C. (5499)
County Share of Cost (6907)
Transfer from C.I.B. priox to 199� (7310)
Transfer from C.I.B. 1998 (7318)
Transfer from C.I.B. 1999 (7319)
Transfer from C.I.B. 20U0 (732�)
n�sf� snm c.t.B. zom ��szi>
Transfer from C.I.B. 2002 (7322)
Spending C99-3E015
Transfer-outlnfrafund (0799)
Aequis�tionofLand (0881)
Cha°¢e
D s- ir�s
Amended
Bud¢et
426,000.00 (99,435.00) 326,565.00
426,000.00 (99,435.00) 326,565.00
426,000.00 (99,435.00) 326,565.00
426,000.00 (99,435.00) 326,565.00
500,000.00 (500,000.00) 0.00
soo,000.00 (soo,000.00> o.00
500,000.00 (500,000.00) 0.00
500,000.00 (500,000.00) Q.00
1,40Q000.00
1,800,000.00
109,993.30
30,000.00
147,000.00
3,4b3.41
22,207.22
19,153.10
48,222.89
31,951.16
1,651.92
3,613,643.00
0.00
3,613,643.00
3,613,643.00
Requested by:
� ��
139,993.00
(139,993.00)
0.00
1,400,000.00
7,800,000.00
109,99330
30,000.00
147,000.00
3,463.41
22,207.22
19,153.10
48,222.84
31,951.16
1,651.92
3,613,643.00
139,993.00
3,473,650.00
3,613,643.00
Office of Financial Services Bud et ection
By: �
Appr e d by OF �= tor:
B
{.�ece.ti•ber ar,aotty
Form Appr d by City rney:
Adoprion Ce '� ied by Council Secretary:
By: / / � ' SDiz. � By �` ��
7 3 Appxoved by Mayor fox Subm'ssion to Council:
Appro� Mayor: Date ��.�/�- � �j�� � , _ � � q „ �
Adopted by Councih Date
os- ��7s
� Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet �
DepartrnenNofficeMouncil: Date inifiated: �
Fs -F����� ,�E� Green Sheet NO: 3029091
Confact Person & Pbone: -,
Matt Smith
266-8796 Assign
Must Be on Council Agenda by (Date): Number
For
Routing
Order
ContradType:
AR-RESOLU710N W/$ iRANSACTION
7otal # of Signalure Pages _(Clfp All Locations for Signature)
ueoaronent �ent �o rerson m�vawate
0 mancial5ervica
1 nancialServicec DeoaihnentDirector 1
2 ancial Services �DftSce FSnancial Servi
3 'tv Attomev f
4 or's Otfice Ma or/ASSistant
5 oonN Cti Council
6 ' Cle k erk
Transferring funds from the Griffin BuYlding Construcfion, Trout Brook Corridor Acquisirion, and Sandy Lake Soccer Fields Projects to
cover the cost overrun of the Merite�Cazlo Project.
itlations: Approe2 (A) or Reject
Planning Commission
CIB Committee
G1NI Senice Commission
rersonai service convacu
1. Has this persoNfirtn e�er worked under a coMract for this department?
Yes No
2. Has this persoNfirm e�er been a ciry employee?
Yes No
3. Does this persoNfirm p�sess a skill rwt nortnally possessed by any
currant city employee?
Yes No
Explain all yes answers on separete sheet and attach to green sheet
Initiating Problem, lssues, Opportunity (Who, What, When, Where, Why):
The Meritex LoUCarlo Building Acquisition Project costs will exceed the original budget. The Griffm Building Construction, Tro
Brook Corridor Acquisi6on and Sandy Lake Soccet Fields Projects have additional funds. These funds will be transfened to cover the
cost ovemui of the Merite�c/Carlo Project.
AdVantage5 If ApproVed:
Funding will be available for the Meritex LoUCazlo Building Acquisirion Project.
Disadvantages If Approved:
None.
Disadvantages If NotApproved:
Funding will not be available for the Meritex LoUCazlo Building Acquisition Project.
iwnounior $3�613,64$
Transaction:
Funding5ource: VBriouS
Financial Information:
(Explain)
CostlRevenue Budgeted:
Activity Number.
December 15, 2005 1:38 PM Page 1