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97-335�3 �e' � �-• e ,� "t, � �..�� i . . . . � . , 1 �_' Presented By Referred to RESOLUTION CITY OF SAINT PAUL, MINNESOTA �o, Council File # q�1-335 Green Sheet # �� Committee: Date 1 WHEREAS, the Cily has entered into the Rice and Arlington Sporis Dome project, and 2 WHEREAS, the Cily has entered into a Taac Exempt Revenue bond Sale to fund this project, and 3 WHEREAS, the 1997 budget was prepared prior to ihe sale of these bonds, and 4 WHEREAS, the es6mate prepared for ttie 1997 budget includes anticipated expe�es for this project which were not paid 5 for from the 1996 budget, and 6 WHEREAS, the estimated 1997 budget does not reflect the actuai needs for 1997 expenses, and 7 WHEREAS, an adjustment is required to carry forv+ard the correct amaunt of unspent bond proceeds from the 1996 8 budget,and 9 WHEREAS, The Mayor, pursuant to Section 10.07.01 of the Cily Charter, does certify that there are available for 10 appropriation, revenues in excess of those estimated in the 1996 budget, and 11 12 13 lA 15 16 17 18 19 2� 21 22 23 24 25 26 WHEREAS, Council File 277520, adopted October 1,1981 did establish certain Special Fund policies, and WHEREAS, The Mayor recommends the following changes to the 1997 budget: Department of Community Setvices Division of Parks and Recreation Rice and Arlington Sports Dome Fund Financinu Plan 326-23130-9910 Use of Fund Balance 326 ALL Other Financing Saendint� Plan 326-23130-0735 Traffic Signal 326-23130-0894 Construction - Generai 326 AI{ Other Spending Current Bud et 536,241 1.294.987 1,831,228 1,010,742 462,841 357.645 1,831,228 Chanaes 931,962 0 931,962 (961,642) 1,345,186 0 931,962 Amended Budpet 1,468,203 1.294.987 2,763,190 49,100 1,808,027 357.645 2,763,190 27 Page 1 of2 � 29 �� v �� NOW, THEREFORE BE IT RESOLVED, That the City Counal approves these changes to the 1997 budget. Page 2 of 2 m Adopted by Council: Date �q+1 Adoption Certified by Council Secretary BY 1 \ � �- _ F�Tt� Approved by Mayor: Date: ° 'E By: Requested by: � Div' on of arks and Recreation � By: � r-.-�"'J Form Appr ed by City At orney i` g . � Approved by M yor for Submission to Council By: _ ,� � � °['7 -� � 5 DEPARTMDITlOFRCFICOUNGL DATEkNS1AT� GREEN SHEET ��{ NO. 37327 Parks and Recreation 3/13/97 GONTACT P0t50N AND PHONE INITAUDATE INITIAL/DATE Vic WittgenStCin 266-6409 1 o�rAa,n,e,rn�aECTOR 5 cmcouNU� - �� _CIT'ATfOFiNEY CRYttHtlC MIMBFA FOFl — ' MuST BE ON COUNCIL AGENDA BY 0ATE1 flW ��' ? BW6E7 DIflECiOR �_flN. fi MG7. SERNICES DIR. 4 MAYOft IOR FSSISiANT F Cfiief Accountant 7 Parks TOT/LL i Of SGNATUflE PAGES � fCllP ALL IACATIONS FOR 81ONATUFEI ACTION RFAUESTED: Approvai of Council Resofution amending the 1997 budget for the Rice and Ariington Dome Project. RECOMMFNDATIONS: Approve W x RHact IA) PBSOtlILL S6MCE CONiRACTB fJIUBT lWSW6t TMEiOUAYAN6 W1FS710NS: PLANNING COMMISSION _�CML SERVICE COMMISSION �, Ha N's penoNfirm ever workeA under e caw�ct fq His depwtmmtT �Cf6COMMITfEE �_ . VES NO A STAFP �_ 2. Xa thb M�*aJibm evar been a ab amployaet , DISTRICT LOUNqL �_ VES ND - 3. Daes tiv perc�rm powu ��kill mt normallY ia+e++� M' hY �'/«ant eity emPloYeal SUPPOBTS WHICH COVNQL OBJECTIVE) y� NO , E(. Vwil � Yp MYWM M MPN�b iflNt �M YIYCh t0 PM�I f11Nt. INMATING PAOBIEM.ISSUE, OPPORSUNIN fJJIw,N/h�t. When. Whe�4�'/l: 7he 1997 budget for the Rice and Ariington Dome project was prepared based on estimated remaining bond proceeds from 1996. The actuai amount of bond proceeds which should be carried forward is more than the amount estimated causing the 1997 budget to be incorrect. A budget adjustment is required to reflect the actual amount of bond proceeds available for the project. ADVANTAGES IFAPPflOVED: , The Rice and Arlington Dome project can proceed as planned. �� A� � 7 3987 �;� DISAOVANTAGESIFAGPROVm: ��:� � tiv^m � � None � ��° MAR 17 �99T fEf;!-.:� � � r��7 �nRm��"� ��€ DI8ADVANTAGES IFNOTAPPflOVED: -- ` "` -'--- "- : .`�"-�� There will be insufficient budget authority to proceed with the Rice and Arlington Dome project and bond proceeds will nrn be spent. ` - TOTALAMOUNTOFTflANSACTION $ 931.962 eosrmEVwueeuoo�oterc+c�o� rFS e�o FUNDIN650URCE Retained Earninas/Bond Proceeds - ac,rv�rrHUn+ee� 23130 NNANCIAL INFOpMAT10N: i'�.' �N) �3 �e' � �-• e ,� "t, � �..�� i . . . . � . , 1 �_' Presented By Referred to RESOLUTION CITY OF SAINT PAUL, MINNESOTA �o, Council File # q�1-335 Green Sheet # �� Committee: Date 1 WHEREAS, the Cily has entered into the Rice and Arlington Sporis Dome project, and 2 WHEREAS, the Cily has entered into a Taac Exempt Revenue bond Sale to fund this project, and 3 WHEREAS, the 1997 budget was prepared prior to ihe sale of these bonds, and 4 WHEREAS, the es6mate prepared for ttie 1997 budget includes anticipated expe�es for this project which were not paid 5 for from the 1996 budget, and 6 WHEREAS, the estimated 1997 budget does not reflect the actuai needs for 1997 expenses, and 7 WHEREAS, an adjustment is required to carry forv+ard the correct amaunt of unspent bond proceeds from the 1996 8 budget,and 9 WHEREAS, The Mayor, pursuant to Section 10.07.01 of the Cily Charter, does certify that there are available for 10 appropriation, revenues in excess of those estimated in the 1996 budget, and 11 12 13 lA 15 16 17 18 19 2� 21 22 23 24 25 26 WHEREAS, Council File 277520, adopted October 1,1981 did establish certain Special Fund policies, and WHEREAS, The Mayor recommends the following changes to the 1997 budget: Department of Community Setvices Division of Parks and Recreation Rice and Arlington Sports Dome Fund Financinu Plan 326-23130-9910 Use of Fund Balance 326 ALL Other Financing Saendint� Plan 326-23130-0735 Traffic Signal 326-23130-0894 Construction - Generai 326 AI{ Other Spending Current Bud et 536,241 1.294.987 1,831,228 1,010,742 462,841 357.645 1,831,228 Chanaes 931,962 0 931,962 (961,642) 1,345,186 0 931,962 Amended Budpet 1,468,203 1.294.987 2,763,190 49,100 1,808,027 357.645 2,763,190 27 Page 1 of2 � 29 �� v �� NOW, THEREFORE BE IT RESOLVED, That the City Counal approves these changes to the 1997 budget. Page 2 of 2 m Adopted by Council: Date �q+1 Adoption Certified by Council Secretary BY 1 \ � �- _ F�Tt� Approved by Mayor: Date: ° 'E By: Requested by: � Div' on of arks and Recreation � By: � r-.-�"'J Form Appr ed by City At orney i` g . � Approved by M yor for Submission to Council By: _ ,� � � °['7 -� � 5 DEPARTMDITlOFRCFICOUNGL DATEkNS1AT� GREEN SHEET ��{ NO. 37327 Parks and Recreation 3/13/97 GONTACT P0t50N AND PHONE INITAUDATE INITIAL/DATE Vic WittgenStCin 266-6409 1 o�rAa,n,e,rn�aECTOR 5 cmcouNU� - �� _CIT'ATfOFiNEY CRYttHtlC MIMBFA FOFl — ' MuST BE ON COUNCIL AGENDA BY 0ATE1 flW ��' ? BW6E7 DIflECiOR �_flN. fi MG7. SERNICES DIR. 4 MAYOft IOR FSSISiANT F Cfiief Accountant 7 Parks TOT/LL i Of SGNATUflE PAGES � fCllP ALL IACATIONS FOR 81ONATUFEI ACTION RFAUESTED: Approvai of Council Resofution amending the 1997 budget for the Rice and Ariington Dome Project. RECOMMFNDATIONS: Approve W x RHact IA) PBSOtlILL S6MCE CONiRACTB fJIUBT lWSW6t TMEiOUAYAN6 W1FS710NS: PLANNING COMMISSION _�CML SERVICE COMMISSION �, Ha N's penoNfirm ever workeA under e caw�ct fq His depwtmmtT �Cf6COMMITfEE �_ . VES NO A STAFP �_ 2. Xa thb M�*aJibm evar been a ab amployaet , DISTRICT LOUNqL �_ VES ND - 3. Daes tiv perc�rm powu ��kill mt normallY ia+e++� M' hY �'/«ant eity emPloYeal SUPPOBTS WHICH COVNQL OBJECTIVE) y� NO , E(. Vwil � Yp MYWM M MPN�b iflNt �M YIYCh t0 PM�I f11Nt. INMATING PAOBIEM.ISSUE, OPPORSUNIN fJJIw,N/h�t. When. Whe�4�'/l: 7he 1997 budget for the Rice and Ariington Dome project was prepared based on estimated remaining bond proceeds from 1996. The actuai amount of bond proceeds which should be carried forward is more than the amount estimated causing the 1997 budget to be incorrect. A budget adjustment is required to reflect the actual amount of bond proceeds available for the project. ADVANTAGES IFAPPflOVED: , The Rice and Arlington Dome project can proceed as planned. �� A� � 7 3987 �;� DISAOVANTAGESIFAGPROVm: ��:� � tiv^m � � None � ��° MAR 17 �99T fEf;!-.:� � � r��7 �nRm��"� ��€ DI8ADVANTAGES IFNOTAPPflOVED: -- ` "` -'--- "- : .`�"-�� There will be insufficient budget authority to proceed with the Rice and Arlington Dome project and bond proceeds will nrn be spent. ` - TOTALAMOUNTOFTflANSACTION $ 931.962 eosrmEVwueeuoo�oterc+c�o� rFS e�o FUNDIN650URCE Retained Earninas/Bond Proceeds - ac,rv�rrHUn+ee� 23130 NNANCIAL INFOpMAT10N: i'�.' �N) �3 �e' � �-• e ,� "t, � �..�� i . . . . � . , 1 �_' Presented By Referred to RESOLUTION CITY OF SAINT PAUL, MINNESOTA �o, Council File # q�1-335 Green Sheet # �� Committee: Date 1 WHEREAS, the Cily has entered into the Rice and Arlington Sporis Dome project, and 2 WHEREAS, the Cily has entered into a Taac Exempt Revenue bond Sale to fund this project, and 3 WHEREAS, the 1997 budget was prepared prior to ihe sale of these bonds, and 4 WHEREAS, the es6mate prepared for ttie 1997 budget includes anticipated expe�es for this project which were not paid 5 for from the 1996 budget, and 6 WHEREAS, the estimated 1997 budget does not reflect the actuai needs for 1997 expenses, and 7 WHEREAS, an adjustment is required to carry forv+ard the correct amaunt of unspent bond proceeds from the 1996 8 budget,and 9 WHEREAS, The Mayor, pursuant to Section 10.07.01 of the Cily Charter, does certify that there are available for 10 appropriation, revenues in excess of those estimated in the 1996 budget, and 11 12 13 lA 15 16 17 18 19 2� 21 22 23 24 25 26 WHEREAS, Council File 277520, adopted October 1,1981 did establish certain Special Fund policies, and WHEREAS, The Mayor recommends the following changes to the 1997 budget: Department of Community Setvices Division of Parks and Recreation Rice and Arlington Sports Dome Fund Financinu Plan 326-23130-9910 Use of Fund Balance 326 ALL Other Financing Saendint� Plan 326-23130-0735 Traffic Signal 326-23130-0894 Construction - Generai 326 AI{ Other Spending Current Bud et 536,241 1.294.987 1,831,228 1,010,742 462,841 357.645 1,831,228 Chanaes 931,962 0 931,962 (961,642) 1,345,186 0 931,962 Amended Budpet 1,468,203 1.294.987 2,763,190 49,100 1,808,027 357.645 2,763,190 27 Page 1 of2 � 29 �� v �� NOW, THEREFORE BE IT RESOLVED, That the City Counal approves these changes to the 1997 budget. Page 2 of 2 m Adopted by Council: Date �q+1 Adoption Certified by Council Secretary BY 1 \ � �- _ F�Tt� Approved by Mayor: Date: ° 'E By: Requested by: � Div' on of arks and Recreation � By: � r-.-�"'J Form Appr ed by City At orney i` g . � Approved by M yor for Submission to Council By: _ ,� � � °['7 -� � 5 DEPARTMDITlOFRCFICOUNGL DATEkNS1AT� GREEN SHEET ��{ NO. 37327 Parks and Recreation 3/13/97 GONTACT P0t50N AND PHONE INITAUDATE INITIAL/DATE Vic WittgenStCin 266-6409 1 o�rAa,n,e,rn�aECTOR 5 cmcouNU� - �� _CIT'ATfOFiNEY CRYttHtlC MIMBFA FOFl — ' MuST BE ON COUNCIL AGENDA BY 0ATE1 flW ��' ? BW6E7 DIflECiOR �_flN. fi MG7. SERNICES DIR. 4 MAYOft IOR FSSISiANT F Cfiief Accountant 7 Parks TOT/LL i Of SGNATUflE PAGES � fCllP ALL IACATIONS FOR 81ONATUFEI ACTION RFAUESTED: Approvai of Council Resofution amending the 1997 budget for the Rice and Ariington Dome Project. RECOMMFNDATIONS: Approve W x RHact IA) PBSOtlILL S6MCE CONiRACTB fJIUBT lWSW6t TMEiOUAYAN6 W1FS710NS: PLANNING COMMISSION _�CML SERVICE COMMISSION �, Ha N's penoNfirm ever workeA under e caw�ct fq His depwtmmtT �Cf6COMMITfEE �_ . VES NO A STAFP �_ 2. Xa thb M�*aJibm evar been a ab amployaet , DISTRICT LOUNqL �_ VES ND - 3. Daes tiv perc�rm powu ��kill mt normallY ia+e++� M' hY �'/«ant eity emPloYeal SUPPOBTS WHICH COVNQL OBJECTIVE) y� NO , E(. Vwil � Yp MYWM M MPN�b iflNt �M YIYCh t0 PM�I f11Nt. INMATING PAOBIEM.ISSUE, OPPORSUNIN fJJIw,N/h�t. When. Whe�4�'/l: 7he 1997 budget for the Rice and Ariington Dome project was prepared based on estimated remaining bond proceeds from 1996. The actuai amount of bond proceeds which should be carried forward is more than the amount estimated causing the 1997 budget to be incorrect. A budget adjustment is required to reflect the actual amount of bond proceeds available for the project. ADVANTAGES IFAPPflOVED: , The Rice and Arlington Dome project can proceed as planned. �� A� � 7 3987 �;� DISAOVANTAGESIFAGPROVm: ��:� � tiv^m � � None � ��° MAR 17 �99T fEf;!-.:� � � r��7 �nRm��"� ��€ DI8ADVANTAGES IFNOTAPPflOVED: -- ` "` -'--- "- : .`�"-�� There will be insufficient budget authority to proceed with the Rice and Arlington Dome project and bond proceeds will nrn be spent. ` - TOTALAMOUNTOFTflANSACTION $ 931.962 eosrmEVwueeuoo�oterc+c�o� rFS e�o FUNDIN650URCE Retained Earninas/Bond Proceeds - ac,rv�rrHUn+ee� 23130 NNANCIAL INFOpMAT10N: i'�.' �N)