Number
110043
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution authorizing the City Comptroller to transfer funds to various State or Federal Aid project subaccounts for the estimated remaining Wisconsin Department of Transportation and City of Milwaukee construction costs of $120,000 with the City share being $29,680 and the Grantor’s share being $90,320.
Analysis
This resolution authorizes the City Comptroller to transfer funds to the previously established subaccounts for the remaining Wisconsin Department of Transportation and City of Milwaukee construction cost $120,000. The City of Milwaukee’s share is $29,680.00 and the Grantor's share is $90,320.00
Body
Whereas, The Common Council has previously adopted resolutions authorizing the City Comptroller to transfer funds to various State or Federal Aid project subaccounts for construction; and
Whereas, Additional funds are, therefore, necessary for the estimated remaining Wisconsin Department of Transportation and City of Milwaukee construction 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. 1302-00-70
ST320061410
South and East Bay Street - East Potter Avenue to South Kinnickinnic Avenue
City Share Non-Assessable Fund Paving
ST320110000
Fund 0333
$29,680.00
Grantor’s Reimbursible -Paving Fund
SP032110100
Fund 0306
$90,320.00
Estimated Total: $120,000.00
Previously authorized for construction: $1,168,500
Current estimated cost of total project including this resolution: $ 1,288,500
Original estimated cost of total project (Res 060275) $2,428,851.00
(Includes Preliminary Engineering & both Constructions Phases for downtown to Bayview Bike way)
Summary of Projects in this Resolution:
City Share of Non-Assessable Paving: $29.680.00
Grantor Share: $90,320.00
Requestor
Depa...
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