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File #: 40433    Version: 1 Name: Amending the 2015 Capital Budget for Engineering-Bicycle & Pedestrian to increase budget authority to recognize additional Special Assessments, TIF and Reimbursement of Expenses as funding sources for the various Sidewalk Program projects.
Type: Resolution Status: Passed
File created: 10/14/2015 In control: BOARD OF ESTIMATES (ended 4/2017)
On agenda: 11/3/2015 Final action: 11/3/2015
Enactment date: 11/5/2015 Enactment #: RES-15-00851
Title: Amending the 2015 Capital Budget for Engineering-Bicycle & Pedestrian to increase budget authority to recognize additional Special Assessments, TIF and Reimbursement of Expenses as funding sources for the various Sidewalk Program projects.
Sponsors: Paul R. Soglin
Fiscal Note
This budget amendment adds a total of $485,300 in budget authority to sub-projects of the Sidewalk Program major capital project. The projects and amounts are listed below:

State Street Sidewalk (10161):
$35,000 TID 32 Funding (10161-403-906)
$11,300 Reimbursement of Expenses (10161-403-750)

District 10 Sidewalk (10152):
$20,000 Special Assessments (10152-403-904)

District 20 Sidewalk (10155):
$50,000 Special Assessments (10155-403-904)

Citywide Requested Sidewalk (10157):
$61,000 Reimbursement of Expenses (10157-402-750)
$10,000 Special Assessments (10157-402-904)
$285,000 Reimbursement of Expenses (10157-403-750)
$13,000 Special Assessments (10157-403-904)


Title
Amending the 2015 Capital Budget for Engineering-Bicycle & Pedestrian to increase budget authority to recognize additional Special Assessments, TIF and Reimbursement of Expenses as funding sources for the various Sidewalk Program projects.
Body
WHEREAS, $395,000 of GO funding was not borrowed due to lower than expected City funded repair work; and

WHEREAS, several Sidewalk Program sub-projects will have non-GO funding sources that will come in over budget; and

WHEREAS, the budget authority in the State St Sidewalk Repair capital project (10161) is currently short $35,000 in TIF funding and $11,300 in Reimbursement of Expense (MG&E); and

WHEREAS, the budget authority in the District 10 Ordered Sidewalk (10152) and the District 20 Ordered Sidewalk (10155) projects are currently short $70,000 in Special Assessment funding; and

WHEREAS, the Citywide Requested Sidewalk project (10157), which does work for other City agencies as well as some assessable work, is currently short $23,000 in Special Assessment and $346,000 in Reimbursement of Expenses (from other City agencies); and

WHEREAS, in order to correct these budgetary issues, a budget amendment is necessary to increase the budget authority in recognition of these additional realized rev...

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