Fiscal Note
The proposed resolution amends the 2025 Engineering - Major Streets Adopted Capital Budget by authorizing a $200,000 net-neutral transfer of existing General Obligation Borrowing (GO Borrowing) authority from the Reconstruction Streets program (Munis #10226) to the Hermina-Starkweather Creek Ped/Bike Bridge project (Munis #13664). The Hermina-Starkweather Creek Ped/Bike Bridge project was approved in the 2024 Adopted Capital Budget with $500,000 in GO Borrowing. The total estimated cost of the project is $650,000. No additional appropriation is required.
Title
Approving Plans and Specifications for Hermina Pedestrian Bridge and Amending the 2025 Engineering Major Streets Capital Budget. (District 15)
Body
BE IT RESOLVED,
1) That the plans and specifications for Hermina Pedestrian Bridge, be and are hereby approved.
2) That the Board of Public Works be and is hereby authorized to advertise and receive bids for said project.
3) That the Mayor and City Clerk are hereby authorized to sign and grant easements or right-of-way release or procurement documents, maintenance agreements or encroachment agreements, as necessary and grant or accept dedication of lands and/or easements from/to the Developer/Owner for public improvements located outside of existing public fee title or easement right-of-ways.
4) That the 2025 Engineering Major Streets Adopted Capital budget is hereby amended to transfer existing General Obligation borrowing authorization from the Reconstruction Streets program (Munis #10226) to the Hermina-Starkweather Creek Ped/Bike Bridge project (Munis #13664).