Number
140401
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution authoring 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 $98,754.75 with an estimated grantor share increase of $98,754.75.
Analysis
Resolution authorizing the City Comptroller to transfer additional funds to the previously established Wisconsin Department of Transportation and 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 $98,754.75 with an estimated grantor share increase of $98,754.75.
Body
Whereas, The Common Council has previously adopted resolutions authoring 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
Project I.D.-1300-13-91
ST320121591
IH 794 Milwaukee River to Carferry Drive -Street Lighting
Grantor Reimbursable Paving Fund
Project Grant Number-SP032140100
Fund 0306
$98,754.75
Total-$98,754.75
Previously authorized for Street Lighting Improvements-$103,185.26
Current estimated cost of the total project including this resolution-$616,000
Original estimated cost of the total ...
Click here for full text