Number
090539
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution authorizing the City Comptroller to transfer funds to a State and Federal Aid project subaccount for the estimated remaining Wisconsin Department of Transportation and City of Milwaukee preliminary engineering costs totaling $39,207.72, with the City’s share being $7,841.54 and the Grantor’s share being $31,366.18.
Analysis
This resolution authorizes the City Comptroller to transfer funds to the previously established subaccount for the remaining Wisconsin Department of Transportation and City of Milwaukee preliminary engineering costs in the amount of $39,207.72. The City of Milwaukee’s share is $7,841.54 and the Grantor’s share is $31,366.18. The total estimated cost of the entire project is $2,295,324.12 with a grantor share of $1,595,530.18 and a City share of $699,793.94.
Body
Whereas, The Common Council has previously adopted resolutions authorizing the City Comptroller to transfer funds to a State and/or Federal Aid project subaccount for preliminary engineering; and
Whereas, Additional planning and review during the design stage has resulted in increased costs charged and against the project; and
Whereas, Addition funds are, therefore, necessary for the estimated remaining Wisconsin Department of Transportation and City of Milwaukee preliminary engineering costs for the 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 chartfield as follows:
Project Grant Value
State I.D. 2245-01-70
ST320021301
South 2nd Street
West National Avenue to the Menomonee River
City Share Non-Assessable Paving
ST320090000
Fund 0333
$7,841.54
Grantor Reimbursable Paving
SP032090100
Fund 0306
$31,366.18
Estimated: $39,207.72
Previously authorized for preliminary engineering: $260,660.40
Current estimated cost of total project including this resoluti...
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