Number
081590
Version
ORIGINAL
Sponsor
THE CHAIR
Title
Resolution authorizing the transfer of funds from the Street Improvement-State and/or Federal Aid Program to the Street Reconstruct or Resurface Program - Regular City Program for funding of E. Lincoln Ave. from E. Bay St. to S. Lincoln Memorial Dr. improvements under the Local Roads Improvement Program, with the City Cost of $426,050.25 and a Grantor Cost of $353,949.75 for a total estimated cost of $780,000.
Body
Whereas, State Statute 86.31 established a Local Roads Improvement Program (LRIP) to provide up to 50% reimbursement by the State of eligible costs for local street improvements; and
Whereas, In 2006-2007, under the LRIP Program, the City of Milwaukee is entitled to receive reimbursement up to a maximum amount of $353,949.75 for this street improvement; and
Whereas, Resolution 040261 authorized the agreement, but did not set up the funding; and
Whereas, Funds for this project to be undertaken under the LRIP Program are budgeted in the Street Improvement - State and/or Federal Aid Program Fund in the 2009 Capital Improvement Program (Fund 0333 and Fund 0330); and
Whereas, It is advantageous and necessary that these funds be transferred to the Street Reconstruct or Resurface Program - Regular City Program (Fund 0333); and
Whereas, The projects funded with this program area anticipated to be constructed in the 2009 construction season; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the City Comptroller is hereby authorized to transfer appropriations to Infrastructure Services Division Account No. 0333-ST211090140; Street Reconstruct or Resurface Program - Regular City Program from the accounts as follows for the LRIP Program;
Infrastructure Services Division Account
Grantor’s Share
Account No. 0306-SP032090100
Cost $353,949.75
Major Streets Improvement -
Authorized Borrowing
Account No. 0333-ST320090000
Cost - $426,050.25
; and, be it
Further Resolved, That only project contractual expenditures are to be billed toward the LRIP program grant amount; and, be it
Further Resolved, That the City Comptroller will make a memorandum entry at the completion of the LRIP program projects to record the transaction to the Street Improvement - State and/or Federal Aid Program for grant audit purposes; and, be it
Further Resolved, That the Commissioner of Public Works has the authority to apply for LRIP Discretionary Funds for projects which meet the program criteria as he deems appropriate.
Requestor
INFRASTRUCTURE SERVICES DIVISION
Drafter
MLD:dr
03/16/09
E. Lincoln Ave.