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File #: 111477    Version: 0
Type: Resolution Status: Passed
File created: 2/28/2012 In control: PUBLIC WORKS COMMITTEE
On agenda: Final action: 3/20/2012
Effective date:    
Title: Resolution authorizing the transfer of funds from the Street Improvement-State and Federal Aid Program to the Street Reconstruct or Resurface Program - Regular City Program for funding of local street improvements under the Local Roads Improvement Program, with the City's cost being $1,192,699.48, and the grantor's cost being $982,300.52, for a total estimated cost of $2,175,000.
Sponsors: THE CHAIR
Indexes: CAPITAL IMPROVEMENTS, STREET IMPROVEMENTS
Attachments: 1. Cover Letter, 2. Hearing Notice List
Number
111477
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution authorizing the transfer of funds from the Street Improvement-State and Federal Aid Program to the Street Reconstruct or Resurface Program - Regular City Program for funding of local street improvements under the Local Roads Improvement Program, with the City's cost being $1,192,699.48, and the grantor's cost being $982,300.52, for a total estimated cost of $2,175,000.
Analysis
This resolution directs the transfer of $1,192,699.48 of City funds and $982,300.52 of grantor funds to the Street Reconstruct or Resurface Program. The total cost of the program is estimated to be $2,175,000.
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 2012-2013, under the LRIP Program, the City of Milwaukee is entitled to receive reimbursement up to a maximum amount of $982,300.52 for local street improvements; and

Whereas, Resolution 110842 authorized the agreement, but did not set up the funding; and

Whereas, Funds for projects to be undertaken under the LRIP Program are budgeted in the Street Improvement - State and/or Federal Aid Program Fund in the 2012 Capital Improvement Program (Fund 0333); 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 2012 construction season; and

Whereas, The Street Reconstruct or Resurface - Regular City Program (Fund 0330) has sufficient funds to cover the assessable portion of these projects; 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-ST211120000...

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