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D001975CITY OF SAINT PAUL, MINNESOTA OFFICE OF THE MAYOR ADMINISTRATIVE ORDER No: �� 1 q 7.5 1 CityClerk BUDGET REVISION Date: �—�l � Finance Dept. ADMINISTRATIVE ORDER, Consistent with the authority granted to the Mayor in Section 10.07.4 of the City Charter and based on the request of the Director of the Department of Planning 8 Economic Development to amend the 2000 budget of the City Sales Tax Capital Projects Pund, the Director of the O�ce of Financial Services is authorized to amend said budget in the following manner: WHEREAS, CF96-891 allocated funds for the Coordinated Housing Progrem (CHIP), STAR program 77094; and WHEREAS, the progrem was established to provide up to thirty-five loans and grants for purchase-rehab of residential property; and WHEREAS, loans were approved for 118 E Colorado and 1035 Beech Street; and NOW THEREFORE, staff recommends the reallocation of $18,680 from the budget for the CHIP program to project code 77448 for 118 E Colorado and $980 for the balance of 1035 Beech. Current Budget Fund 930 City Sales Tau Capital Projects Fund P7-930-90305-0547-77094 Coordinated Housing Program C � J P7-930-90305-0547-77300 1035 Beech St - CHIP P7-930-90305-0547-77448 718 E Colorado - CH1P Net Change • Pre ed i it Manager 1 ( ate �� 9LF /1 � ���� �queste b : rtment Director Dat $198,105 $15,600 $0 Change ($19,660) $980 $18,680 $0 Amended Budget $178,4A5 $16,580 $18,680 �.. �� ��l �l Approved by: Director of Financial Services (Date) PED TOTAL # OF SIGNATURE PAGES N�� GREEN SHEET MXWIDffie � 2 or.,u,re�rm,Fer,s Bria _ � ❑ fm'AiioRNEY � piM1NC1I1LiERYL'FiCYt ❑ �In`PoRIORASgYSAxf7 1 (CUP ALL LOCATIONS ��� No 1109$9 InM1e11Dafa ancowcz _ _. .. ❑ arvaEnK - S� AI�MCW.iERV/ACCT6 Approval of attached Administrative Order to authoriie reallocation of CHIP budget. PLANNING CAMMISSION CIB COMMITTEE CIVfL SERVICE COMMISSION Flas this ce�soNGrm ever vroitced wwer a coMract tor this aepartment't YES NO Has this persorJfiim everbeen a city emplaYee� YES NO Does this persoNfirtn possess a sltill �wt nortnallyposswsed by any curteM city employee9 YES NO Is this perw�rm a taryeted vendo/t YES NO �lain all ves ansrers on se�2te sheet aM altach to oreen sheet The CHIP Program was established to pr6vide up to 35 loans and grants for neighborhood home purchaseirehab. A second-tier loan was approved for 1035 Beech Street and 118 E. Colorado Street. A separate project code is needed to track the loan payments on these properties. A clear record of loan payments IFAPPROVED AMOUNT OF TRANSACTION t 19 � F36O-- COST/REVENUE BUDGETED (qRCLE ON� �F NO SOURCE S�� ncrnmNUn+sercP7-930-90305-0547 - ?709 �f �� �� (P(�()} r-- INFORM.4TION(EXPWN) Net effect to budget is zero 7 �� ���� 77`�'f 8 g t g� 6�II t�a 5�o t