Fiscal Note
The proposed resolution amends the adopted 2019 Engineering Major Streets capital budget and authorizes the execution of the amended agreement with Wisconsin DOT for the East Johnson Street project from North Baldwin Street to First Street to align with revised project cost estimates. The East Johnson Street reconstruction project is budgeted in the adopted 2019 Capital Budget in the Engineering - Major Streets East Johnson Street (Baldwin to First St. Phase 2) (MUNIS 10287) and the Water Utility- Water Mains Replace Rehab Improve-Reconstruct Streets (MUNIS 11893) for a total budgeted project cost of $7,198,000. Funding components consist of Federal Funds, GO Borrowing, Sewer Utility Revenue Bonds and Water Utility Revenue Bonds. The revised total project cost estimate is $9,208,000 for all project components. A budget amendment to transfer a total of $2,010,000 of exisiting budget authority from the Reconstruction Streets capital program is proposed via this resolution to encompass the total project cost estimate for the E. Johnson Street reconstruction in 2019; the total amount proposed for transfer consists of $1,630,000 GO Borrowing and $380,000 Sewer Utility Revenue Bond budget authoirty.
The proposed resolution amends the Engineering Major Street's adopted 2019 capital budget to transfer $380,000 of existing Sewer Utility revenue bond budget authority and $1,630,00 of existing GO Borrowing budget authority from the Reconstruction Streets capital program to the E. Johnson Street reconstruction project.
MUNIS
10287-83-173 $380,000 Sewer
10287-83-808 ($380,000) Revenue Bonds
11790-83-173 ($380,000) Sewer
11790-83-808 $380,000 Revenue Bonds
10287-402-170 $1,630,000 Street
10287-402-801 ($1,630,000) GO Bonds
11790-402-170 ($1,630,000) Street
11790-402-801 $1,630,000 GO Bonds
Title
Amending the 2019 Adopted Capital Budget of Engineering-Major Streets and Authorizing the Mayor and City Clerk to execute an amended agreement with the State o...
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