City of Milwaukee - File #: 040221

• File #: 040221
• Version: 2
• Type: Resolution
• Status: Passed
• File created: 6/15/2004
• In control: FINANCE & PERSONNEL COMMITTEE
• Final action: 7/7/2004
• Title: Substitute resolution related to expenditure of funds to be reimbursed by greater than anticipated revenue (Department of Public Works and Port of Milwaukee).
• Sponsors: THE CHAIR
• Indexes: PUBLIC IMPROVEMENTS, REIMBURSABLE SERVICES

Date	Ver.	Action By	Action	Result	Tally
7/13/2004	2	MAYOR	SIGNED
7/7/2004	2	COMMON COUNCIL	ADOPTED	Pass	15:0
6/30/2004	2	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	5:0
6/29/2004	2	CITY CLERK	DRAFT SUBMITTED
6/25/2004	1	CITY CLERK	DRAFT SUBMITTED
6/22/2004	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
6/22/2004	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
6/17/2004		FINANCE & PERSONNEL COMMITTEE	REFERRED TO
6/16/2004		FINANCE & PERSONNEL COMMITTEE	REFERRED TO
6/15/2004	0	COMMON COUNCIL	ASSIGNED TO

Number
040221
Version
SUBSTITUTE 2
Reference
980965
Sponsor
THE CHAIR
Title
Substitute resolution related to expenditure of funds to be reimbursed by greater than anticipated revenue (Department of Public Works and Port of Milwaukee).
Analysis
This resolution authorizes the Department of Public Works and the Port of Milwaukee to make 2004 capital expenditures in anticipation of additional grant fund reimbursements for the Capital Improvements Grantor Share-Non-City Cash Account, No. 0306-9990-R999-SP032040100. This authorization will allow City participation in various projects, including but not limited to the Marquette Interchange, Canal Street, Congestion and Air Quality Mitigation (CMAQ) grants, transportation enhancement grants, and State and Federally aided highway projects, over and above what was initially anticipated during formulation of the 2004 Capital budget. Such capital expenditures would be made only for projects authorized by the Common Council and only to the extent grant reimbursement is in fact available.
Body
Whereas, Common Council File 980965 established procedural guidelines related to the expenditure of funds to be reimbursed by greater than anticipated revenues; and

Whereas, The Capital Improvements City-Wide Grantor Share Non-City Cash Account, No. 0306-9990-R999-SP032040100, was funded in the amount of $10,000,000 as a result of the 2004 Budget process; and

Whereas, This account provides funding on a temporary basis for projects which receive partial reimbursement through various State and/or Federal aid and grant programs, but require the City to front the project cost; and

Pursuant to s. 304-91, I hereby certify that the money required for this is anticipated to be realized on or before December 31, 2007 (Termination date of the four year funding authority established for these projects in the 2004 capital budget) and is to be expended only for the purposes in this resolution.


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