Number
061221
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution authorizing the City Comptroller to transfer funds to various State and/or Federal Aid project sub accounts for the estimated remaining Wisconsin Department of Transportation and City of Milwaukee preliminary engineering costs totaling $110,000, City share is $22,000 and the Grantor's share is $88,000.
Analysis
This resolution authorizes the City Comptroller to transfer funds to the previously established sub accounts for the remaining Wisconsin Department of Transportation and City of Milwaukee preliminary engineering costs in the amount of $110,000. The City of Milwaukee’s share is $22,000 and the grantor share is $88,000, increasing the total costs to $5,877,960 with the City share of $1,277,900 and the grantor share of $4,600,060.
Body
Whereas, The Common Council has previously adopted resolutions authorizing the City Comptroller to transfer funds to various State and/or Federal Aid project sub accounts for preliminary engineering; and
Whereas, Additional planning and review during the design stage have resulted in increased costs charged against the projects; and
Whereas, Additional funds are, therefore, necessary for the estimated remaining Wisconsin Department of Transportation and City of Milwaukee preliminary engineering costs for the projects; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that the City Comptroller is hereby authorized and directed to transfer funds to the project grant chartfields as follows:
Project Grant Value
State I.D. 2984-11-07
BR30683001
South 29th Street
Bridge over Union Pacific Railroad
City Share Non-Assessable Structures
BR100070000
Fund 0303
$10,000
Grantor Reimbursable Cash Structures
SP032070100
Fund 0306
$40,000
Construction is scheduled for 2007.
Previously authorized for bridge and street preliminary engineering: $295,460
Current estimated cost of the total project including t...
Click here for full text