Number
180263
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution authorizing the City Comptroller to transfer additional funds to the previously established project accounts for the Wisconsin Department of Transportation and the City of Milwaukee for funding participation for construction and real estate costs associated with three ongoing projects in various Aldermanic districts with a total estimated cost increase for the projects of $1,210,398.41, with $1,151,758.11 being Grantor-funded and $58,640.30 being City-funded.
Analysis
Resolution authorizing the City Comptroller to transfer additional funds to the previously established project accounts for the Wisconsin Department of Transportation and the City of Milwaukee for funding participation for construction and real estate costs associated with three projects in various Aldermanic districts with a total estimated cost increase for the projects of $1,210,398.41, with $1,151,758.11 being Grantor-funded and 58,640.30 being City-funded.
Body
Whereas, Unanticipated construction and real estate costs have resulted in increased costs charged against three capital improvement projects; and
Whereas, Additional funds are, therefore, necessary to complete the construction and acquisition of real estate for the three projects; now, therefore be it
Resolved, By the Common Council of the City of Milwaukee, that the City Comptroller is hereby authorized to transfer fund to the project grant chart field as follows:
Project Grant Value
Project ID 2060-00-26
ST320111620
South Chase Avenue - Ohio to Lincoln
Grantor Share Reimbursable Paving Fund
SP032180100
Fund 0306
$4,636
Total - $4,636
Previously authorized for real estate - $29,000
Current estimated cost of the total project including this resolution - $10,044,760
Original estimated cost of the total project (Resolution File Number 110821) - $10,044,760
Project Grant Value
Project ID 2200-14-70
ST320120410
Wells Street - 6th to Broadway
G...
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