Number
121617
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution increasing New Streets Developer capital appropriation authority for 2013.
Analysis
Body
Whereas, The Capital Improvements New Streets Developer Account, No. 0333-5010-R999-ST21413000A, was funded in the amount of $400,000 in the 2013 adopted budget; and
Whereas, This account provides funding on a temporary basis for projects which receive partial reimbursement from the municipalities with which the project is undertaken, but require the city to front the project cost; and
Whereas, The city's participation in street reconstruction projects with bordering municipalities through 2013 has resulted in a need for $1,350,000 in additional funds to be reimbursed by those municipalities; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that $1,350,000 in additional funds are appropriated to the Capital Improvements New Streets Developer Account No. 0333-5010-R999-SST21413000A; and, be it
Further Resolved, That the City Comptroller be, and hereby is, authorized and directed to establish the necessary accounts and accounting procedures to carry out the intent of his resolution.
Requestor
DOA Budget and Management Division
Drafter
BC:dmr/3/4/13
common/dpwinfra/2014/resolutionincreasenewstreetsdeveloper