Number
211999
Version
Substitute 1
Reference
211089
Sponsor
THE CHAIR
Title
Substitute 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 local street improvements under the Local Roads Improvement Program, with the City cost of $1,698,306.94, with a grantor’s cost of $1,078,533.06 for a total estimated cost of $2,776,840.00.
Analysis
This resolution directs the transfer of $1,078,533.06 of City funds and $1,078,533.06 of grantor funds to the Street Reconstruct or Resurface Program. The total cost of the program is estimated to be $2,776,840.00.
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 2022-2023, under the LRIP Program, the City of Milwaukee is entitled to receive reimbursement up to a maximum amount of $1,078,533.06 for local street improvements; and
Whereas, Resolution 211089 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 2022 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 2022-23 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 Divisio...
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