Number
260079
Version
ORIGINAL
Reference
250904
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 at various locations for funding of local street improvements under the Local Roads Improvement Program for Municipal Street Improvement Greater than Twenty Thousand, with the City cost of $4,852,185.20, with a grantor’s cost of $1,005,864.80 for a total estimated cost of $5,858,050.
Analysis
This resolution directs the transfer of $1,005,864.80 of City funds and $1,005,864.80 of grantor funds to the Street Reconstruct or Resurface Program. The total cost of the program is estimated to be $4,852,185.20.
Body
Whereas, State Statute 86.31 established a Local Roads Improvement Program (LRIP) for Municipal Street Improvement Greater than Twenty Thousand (MSIGT) to provide up to 50% reimbursement by the State of eligible costs for local street improvements; and
Whereas, In 2026-2027, under the LRIP Program, the City of Milwaukee is entitled to receive reimbursement up to a maximum amount of $1,005,864.80 for local street improvements; and
Whereas, Resolution 250904 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 2026 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 are anticipated to be constructed in the 2026-27 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...
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