City of Madison, Wisconsin | Legislative Information Center
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File #: 44205    Version: 1 Name: Amending the Metro Transit Utility 2016 Adopted Capital Budget to appropriate $48,345 from Metro's fund balance to support the final purchase price of 15 transit coaches from Gillig.
Type: Resolution Status: Passed
File created: 8/24/2016 In control: COMMON COUNCIL
On agenda: 9/6/2016 Final action: 9/6/2016
Enactment date: 9/9/2016 Enactment #: RES-16-00654
Title: Amending the Metro Transit Utility 2016 Adopted Capital Budget to appropriate $48,345 from Metro's fund balance to support the final purchase price of 15 transit coaches from Gillig Corp.
Sponsors: Ledell Zellers, Rebecca Kemble, David Ahrens
Date Ver.Action ByActionResultAction DetailsMeeting DetailsWatch
9/6/20161 COMMON COUNCIL RECOMMEND TO COUNCIL TO ADOPT UNDER SUSPENSION OF RULES 2.04, 2.24, & 2.25 - (15 VOTES REQUIRED) - REPORT OF OFFICERPass Action details Meeting details Not available
8/29/20161 BOARD OF ESTIMATES (ended 4/2017) RECOMMEND TO COUNCIL TO ADOPT UNDER SUSPENSION OF RULES 2.04, 2.24, & 2.25 - (15 VOTES REQUIRED) - REPORT OF OFFICERPass Action details Meeting details Not available
8/24/20161 Metro Transit Referred for Introduction  Action details Meeting details Not available

Fiscal Note

This proposed resolution amends Metro's 2016 Captial Budget in the amount of $48,345 in order to complete full payment for the purchase of 15 transit coaches from Gillig Corp during 2016 at a cost of $431,703 each, totaling $6,475,545. In the adopted 2016 capital budget Metro's Transit Coaches capital program has $6,427,200 budgeted (MUNIS 11219).  The additional funding in the amount of $48,345 provided by this proposed amendment will come from Metro's fund balance.

 

MUNIS:

11219-85-150 : $48,345

11219-85-806 : $48,345

 

Title

Amending the Metro Transit Utility 2016 Adopted Capital Budget to appropriate $48,345 from Metro's fund balance to support the final purchase price of 15 transit coaches from Gillig Corp.

Body

WHEREAS Metro Transit needs a minimum number of buses in order to meet necessary pull out and spare ratio numbers and continue providing service t the community; and

 

WHEREAS the City of Madison has a five year signed contract with Gillig Corp for manufacture and delivery of transit coaches; and

 

WHEREAS transit coach delivery to Metro Transit for 2016 started in June; and

 

WHEREAS Metro Transit has a contingency reserve of approximately $6,000,000;

 

NOW THEREFORE BE IT RESOLVED that the Metro Transit 2016 Adopted Capital Budget will be amended to transfer $48,345 from Metro's fund balance to this project (expense code 140085-53410) in order to complete payment of the total $6,475,545 owed to Gillig Corp for manufacture and delivery of buses to the city in 2016.