Fiscal Note
The proposed resolution amends the 2016 Adopted Capital Budget by appropriating $665,000 of additional budget authority to the minor project for the Lower Badger Mill Creek Phase 3 (MUNIS 10843). The major capital project for the Lower Badger Mill Creek (MUNIS 10922) is established to continue the extension of sanitary sewer to serve the Lower Badger Mill Creek Watershed. The minor Phase 2 project (MUNIS 10330) is expected to have $85,000 remaining carryover budget authority that can be transferred to the Phase 3 project. The 2016 Capital Budget currently provides $450,000 of funding backed by Impact Fees for the Phase 3 project. With the total estimated cost of $1,200,000, the expected deficit for the Phase 3 project is $665,000.
Project Amount Description
Lower Badger Mill Creek Phase 3 (85,000) Carry-over Authority from Phase 2
(MUNIS 10843) (450,000) Existing Impact Fee Funding
1,200,000 Final Estimated Cost
665,000 Amendment Impact Proposed
The Budget Amendment per the proposed resolution is as follows:
Sewer Budget Authority for Expenditure: $665,000
Sewer Budget Authority for Funding from Impact Fees: ($415,000)
Sewer Budget Authority for Funding from Capitalized Revenue Bonds: ($250,000)
MUNIS Funding Strings:
10843-83-173 $665,000
10843-83-902 ($415,000)
10843-83-808 ($250,000)
Title
Amending the 2016 Capital Budget for the Sewer Utility to provide additional funds to allow the construction of the Lower Badger Mill Creek Sanitary Sewer Interceptor Phase 3 project; and approving plans and specifications and authorizing the Board of Public Works to advertise and receive bids and authorizing the Mayor and City Clerk to sign and grant easements as needed for the project.
Body
WHEREAS, City Engineering has received requests to extend sanitary sewer service to developing lands within the Lower Badger Mill Creek Watershed, and;
WHEREAS, the City created and adopted the Lower Badger Mill Creek Impact Fee (storm & sanitary) Dist...
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