Number
140276
Version
ORIGINAL
Sponsor
THE CHAIR
Title
Resolution authorizing the City Comptroller to transfer additional funds to the previously established Wisconsin Department of Transportation and the City of Milwaukee subaccounts for cost participation of the subject capital improvement with a total estimated cost increase of $55,200 with an estimated grantor share increase of $25,200, and an estimated City share increase of $30,000.
Analysis
Resolution authorizing the City Comptroller to transfer additional funds to the previously established Wisconsin Department of Transportation and the City of Milwaukee subaccounts for cost participation of the subject capital improvement. This resolution authorizes the Comptroller to transfer funds to the appropriate subaccounts for the subject project. The total estimated cost increase for the project is $55,200 with an estimated grantor share increase of $25,200, and an estimated City share increase of $30,000.
Body
Whereas, The Common Council has previously adopted resolutions authorizing the City Comptroller to transfer funds to various State and Federal Aid subaccounts for construction accounts, and
Whereas, Additional construction costs increased costs charged against the subject capital improvement project; and
Whereas, Additional funds are, therefore, necessary to for the estimated Wisconsin Department of Transportation and City of Milwaukee construction costs for this project; 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 chart fields as follows:
Project Grant Value
State I.D. 1302-00-73
ST320061413
South Water Street- East Washington Street to North Broadway Street
City Share Non-Assessable Fund, Paving
ST320140000
Fund 0333
$30,000
Grantor Reimbursable Paving Fund
SP032140100
Fund 0306
$25,200
Total-$55,200
Previously authorized for project construction accou...
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