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D10745 White — City Clark CITY OF SAINT 13A U L Pink — Finance Opt. Canary— Opt. OFF10F OF THI: MAYOR _ No: . ADMINISTRATIVE ORDER 111'1XXrRE%1S10X Date: 1.'2 :VDNILN'ISTR ALTIVE 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 & Economic Development to amend the 19_83 budget of the NRA Urban Renewal Bond fund.the Director of the Department of Finance and Management Services is authorized to amend said budget in the following manner: Current Amended Budget Change Budget SPENDING PLAN Fund 157 HRA Urban Renewal Bond Fund P6-157-76500-0739-69302 $ 150,633 $ (16,525) $ 134,108 Concourse Furnishings for Town Square P6-157-76500-0217-69303 18,643 (18,506) 137 Architectural Services for Block 36 Pedestrian Skyway Bridge P6-157-76500-0296-69304 132,763 (34,340) 98,423 Urban Renewal Demolition Costs P6-157-76500-0561-69305 69,831 (13,561) 56,270 Urban Renewal Relocation Costs P6-157-76500-0537-69306 142,943 (15,454) 127,489 Block 40 Development (Skyway Bridges) • P6-157-76500-0739-69307 229,639 (218,670) 10,969 Concord Terrace (Minn. R-37) Public Improvements P6-157-76500-0739-69308 4,500 (3,007) 1,493 Carriage Hill-Victory Ramp Skyway Bridge P6-157-76500-0537-69310 113,679 (12,174) 101,505 Railroad Island Public Improvements P6-157-76500-0739-69319 487,500 2,106 489,606 Block 23 Parking Ramp & Skyway Bridge P6-157-76588-0551-69321 490,000 (3,817) 486,183 North End URAP Project All Other Fund Spending Categories 973,143 -0- 973,143 $2,813,274 $(333,948) $2,479,326 Net Change to Spending Plan $(333,948) Prepared by:Activity Manager by Mayor Requested by:Department director pate DEPARTMENT/OFFICE/COUNCIL DATE INITIATED Planning & Economic Development 12/21/89 GREEN SHEETS NO. INITIAUDATE INITIAU D CONTACT PERSON&PHONE DEPARTMENT DIRECTOR a fT^""`❑CITY COUNCIL Tom Meyer 228-3231 NUMBER FOR MCI ATTORNEY — CITY CLERK :T BE ON COUNCIL AGENDA BY(DATE) ROUTING BUDGET DIRECTOR ©FIN.&MGT.SERVICES DIR. ORDER MAYOR(OR ASSISTANT) © T_ He�Le r TOTAL#OF SIGNATURE PAGES 1 (CLIP ALL LOCATIONS FOR SIGNATURE) ACTION REQUESTED: Approve attached Administrative Order amending 1989 Spending Plan Budget for Fund 157, HRA Urban Renewal Bond Fund. RECOMMENDATIONS:Approve(A)or Reject(R) COUNCIL COMMITTEE/RESEARCH REPORT OPTIONAL PHONE NO. ANALYST —PLANNING COMMISSION — CIVIL SERVICE COMMISSION —CIB COMMITTEE — COMMENTS: STAFF - -DISTRICT COURT — SUPPORTS WHICH COUNCIL OBJECTIVE? INITIATING PROBLEM,ISSUE,OPPORTUNITY(Who,What,When,Where,Why): Fund 157 HRA Urban Renewal Bond Fund is a multi-year budget. Staff recommends spending budgets be decreased for completed projects for Bonds sold prior to 1/1/82 and the 1984 Bonds; and amend the spending budgets for the 1987 and 1988 Bonds to equal the amount of the bond proceeds. (See attached copy of HRA Annual Report - Schedule of Project Costs as of 12/31/88) ADVANTAGES IF APPROVED: 'he 1989 HRA Annual Report will reflect accurate amounts for Designated and Undesignated fund Balance. DISADVANTAGES IF APPROVED: IREC' 'vFt PECOaa 1 � DEC DISADVANTAGES IF NOT APPROVED: i OTAL AMOUNT OF TRANSACTION $ 333,948 COST/REVENUE BUDGETED(CIRCLE ONE) YES NO FUNDING SOURCE Fund 157 ACTIVITY NUMBER 76500 and 76588 FINANCIAL INFORMATION:(EXPLAIN) Spending Plan budget for the HRA Urban Renewal Bond Fund will be decreased by $333,948.