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 Re...
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