Number
000785
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution authorizing the Milwaukee Water Works to increase authority of its Developer-Financed Water Main account, Account 0420-6410-R999-WT430000000. (Water Works)
Analysis
This resolution authorizes an increase in authority of the Water Works' Developer-Financed Water Main account. All funds for projects in this account are provided by developers.
Body
Whereas, The Milwaukee Water Works annually budgets an amount for estimated developer water main activity; and
Whereas, Water Works' budget for year 2000 included authority of $375,000.00 for this activity which has now been exhausted; and
Whereas, There are additional unanticipated projects that have been requested by developers necessitating an increase in authority of $800,000.00; and
Whereas, The funding for these projects will be provided by the developers and will be at no cost to the Water Works; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that the Milwaukee Water Works is authorized to increase the Developer-Financed Water Main authority as follows:
Developer-Financed Water Mains, account 0420-6410-R999-WT430000000, $800,000.00 to be funded from Anticipated Revenues account 0420-6410-187101.
Drafter
Water Works
DK:mwb
September 13, 2000