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07-584Council File # d 7 S�°f Green Sheet # D � 1 2 3 4 $ 6 � 8 9 1� IZ 12 13 14 15 16 17 I8 19 20 21 22 23 24 2S 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 SO $2 53 54 55 56 57 58 59 60 MINNESOTA :L:� WHEREAS, this transfer did not get into the 2007 Council Adopted budget for sidewalk reconstruction, and 4JF3EREAS, the 2007 Council Adopted budget for sidewalk reconstruction includes $675,000 funding from the 2007 Street Improvement Bonds, which can not be used for dus rype of wor$ and WHEREAS, the $675,000 Sheet Improvement Bond fiwding is needed to fmance the Rice Street Streetscape Phase II project, so TE�,REFORE BE TT RFSOLVSD, by the Council of the City of Saint Paul, upon recommendation of the Mayor and advice of the I,ong Range Capital Improvement Budget Comauttee, that $1,149,932 is available for appropciation in the 2007 Capital Improvement Budge[s, as heretofore adopted and amended by this Council, be hereby fiuther amended in the Improvement Budget, in the following particulars: FINAI�CING PLAN Sidewalk Reconshuction Program C07-2T760 cta Street Improv. Boods Transfer from ROW Asmt Fd Assessments RESOLUTION C�urent Budget sii,000.00 675,000.00 0.00 115,000.00 1,301,000.00 Change a.00 (675,OQ0.�0) 474,932.00 0.00 (200,068.00) Amended Budget 511,000.00 0.00 474,932.00 115 OOD.00 1,100,932.00 SPENDING PLAN Sidewallc Reconstruction Program C07-2T760 Construcrion L 301,000.00 1,301,000.00 (200.068.001 (200,068.00) 1.100.932.00 1,100,932.00 FINANCING PL,AN Rice Street Sheetscape Ph II C07-2F051 Street Improv. Bonds Assessments 291,000.00 259.000.00 550,000.00 675,000.00 0.00 675,000.00 �.� ��� �� ��t �� �� �� WFiEREAS, the 2007 Council Adopted budget for the Right of Way Assessment Fund included a transfer to Capital Projects Fund for sidewaLk reconstrucfion work in 2007 in the amouat of $474,932, and v � -ssy 61 62 63 b4 65 66 67 6$ 69 70 71 72 73 74 75 SPINDING PLAN Rice Street S�eetscape Ph II C07-2F051 construc[ion � ��� �� ��� �� ��� �� ��� t� 1225.000.00 �,zzs,000.00 37m St. Paul Lon9 • Range Capital SmQtoaec�4� $rul9et Committee rsceived this reqv�} Q� �date) �'!��'�� ._andreoommeau� a '(�'''a'�_'"'__�__ ��: �- �`�-.-� Bostrom Yeas Nays Absent Requested by; ✓ /� � f'���LC� ��2�A ✓ C�. /� ll77�.00 � o��,n BY� -v -.....�-. � �o.f� r= Form Approved by City Attorney , s b41S�- �.�j Adopted by Council: Date Adoption Certified by Counc Secret� Form A ved b ayor fo u � sion to ncil BY� ' %J By: Approve M yo � Date � (/ By: �F 5 �i., ���.c�; a�� � �c ��/"°,� °�-�� � Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet � FS - Financial serv;ces Contact Person & Phone- Paul Kur� 266-6203 Must Be on Council Aaen� Doc. Type: RESOLUTION W/� TRANSAC E-Document Required: N Document ConWct: Contact Phone: 14JUN-07 � Assign Number Por Routing Order Total # of Signature Pages _(Clip All Locations for Signature) 'I. Has this person/firm everworked under a conVact for this department? Yes No 2. Has this person/firtn ever been a city employee? Yes No 3. Does this person/firm possess a skill not normally possessed by any current city employee? Yes No Explain all yes answers on separate sheet and attach to green sheet Amend the 2007 Adopted Capital Improvement Budget for the sidewalk reconstruction progr2m by recognizing a transfer from the ROW Assessmen[ Fund rather than use of Street Improvement Bonds. �oanons: Hpprove (A) or R Planning Commission CIB Committee Civil Service Commission Initiating Problem, Issues, OppoRunity (Who, What, When, Where, Why): The 2007 Council Adopted budget for the Right of Way Assessment Fund included a transfer to Capital Projects Fund for sidewallc reconstruction work. This transfer did not get reflected in the 2007 Adopted Capita.l Improvement budget. Additionally $675,000 funding from Street Improvement Bonds for sidewalk reconstruction canno[ be used for this type of wozk, but could support costs assocuated with the Rice Street Streetscape Phase II project. AtivanWges If Approved: The Capitai budget will accurately reflect the funding for sidewallc reconstruction. DisadvanWges If Approved: None. �.�,wi !�m�, � B �9 .� � �t �.� ��` � '4...�� :I kt�, ��.,t,-_• � � 1 �J b26�i ��� 4 ,� g � LJ�t'v Disadvantages If Not Approved: � The Capital budget will not accurately reflect the funding for sidewalk reconstruction and will not recognize the transfer from the ROW Assessment Fund. Trensaction: $474,932 Funuing Source: CIB C07-2T760 Fi nancial Infortnation: (Explain) CostlRevenue Butlgeted: Green Sheet NO: 3040875 0 ' ancial Services f 1 ' ancialServices De ar�entDirector _�_�Z-S/ f 2 ' ancial Services ffice Financial Services 3 i Attome �..�711 — �i — � 4 a or's OfSce Ma or/Assistant 5 ounN Ci Council 6 i Clerk Gti Clerk Activf,ry. Np mber: . N760-�� �`,.'�... _ RECENED JUN 2 6 2007 �aYOR°s aF�c� June 14, 2007 2:11 PM Page 1