City of Madison, Wisconsin | Legislative Information Center
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File #: 55397    Version: 1 Name: Amending the 2019 Engineering Major Streets Capital Budget to transfer $1,000,000 of existing GO borrowing authority between major program Monroe Street and major program Citywide Flood Mitigation.
Type: Resolution Status: Passed
File created: 4/10/2019 In control: BOARD OF PUBLIC WORKS
On agenda: 4/30/2019 Final action: 4/30/2019
Enactment date: 5/6/2019 Enactment #: RES-19-00369
Title: Amending the 2019 Engineering Major Streets Capital Budget to transfer $1,000,000 of existing GO borrowing authority between major program Monroe Street and major program Citywide Flood Mitigation. (City Wide ADs)
Sponsors: Sheri Carter, Barbara Harrington-McKinney, Keith Furman
Date Ver.Action ByActionResultAction DetailsMeeting DetailsWatch
4/30/20191 COMMON COUNCIL Adopt - 15 Votes RequiredPass Action details Meeting details Not available
4/22/20191 FINANCE COMMITTEE RECOMMEND TO COUNCIL TO ADOPT (15 VOTES REQUIRED) - REPORT OF OFFICERPass Action details Meeting details Not available
4/17/20191 BOARD OF PUBLIC WORKS Return to Lead with the Recommendation for ApprovalPass Action details Meeting details Not available
4/16/20191 FINANCE COMMITTEE Referred  Action details Meeting details Not available
4/16/20191 COMMON COUNCIL ReferPass Action details Meeting details Not available
4/10/20191 BOARD OF PUBLIC WORKS Return to Lead with the Recommendation for Approval  Action details Meeting details Not available

Fiscal Note

The resolution amends the adopted 2019 Major Streets Capital Budget by authorizing a net-neutral transfer of existing budget authority across major programs within the Engineering-Major Streets budget. $1,000,000 of GO borrowing authority will be transferred from the Monroe Street project to the McKenna/Park Edge Flood Mitigation project.

 

($1,000,000) 10251-402-170

($1,000,000) 10251-402-801

$1,000,000 12011-402-170

$1,000,000 12011-402-801

Title

Amending the 2019 Engineering Major Streets Capital Budget  to transfer $1,000,000 of existing GO borrowing authority between major program Monroe Street and major program Citywide Flood Mitigation.  (City Wide ADs)

Body

Engineering project McKenna/Park Edge Flood Mitigation is short funds in part due to extensive street reconstruction that is required in order to implement the plan.  Both McKenna Boulevard at Elver Park and the intersection of Struck Street and Schroeder will be fully reconstructed.  Plans and specifications will be approved with a separate resolution (legistar file ID 55368).  The 2018 Monroe Street project is now complete and has an excess of funds and is able to cover the costs of the street reconstruction required for the McKenna/Park Edge Flood Mitigation project.

 

NOW, THEREFORE, BE IT RESOLVED that the 2019 Engineering Major Streets Capital Budget is hereby amended to transfer existing general fund general obligation borrowing authority between major projects as described in the fiscal note.