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HomeMy WebLinkAboutResolution 2024 (02) Resolution No. 2 (2024) RESOLUTION AMENDING CAPITAL IMPROVEMENT BUDGET FOR PROJECT 10075 HIGHWAY 35 BIKE TRAIL COVER MEMO TO: County Board of Supervisors FROM: Ken Witt, County Administrator Ken Witt, County Administrator DATE: January 2, 2024 AGENDA ITEM: Resolution Amending Capital Improvement Budget for Project 10075 Highway 35 Bike Trail ______________________________________________________________________________ BACKGROUND INFORMATION Bids for the Highway 35 Bike Trail came in much higher than expected. The grant has a fixed amount. The County can either proceed with the project and pay the difference or cancel the project and be out the $95,000 spent in design fees. Community Development is working on additional grant options to help reduce the County contribution, but there are no guarantees. The additional amount needed is $335,877. The CIP has a healthy fund balance in excess of five million, which is planned for use on future projects in 2025 and beyond. Resolution No. 2 (2024) RESOLUTION AMENDING CAPITAL IMPROVEMENT BUDGET FOR PROJECT 10075 HIGHWAY 35 BIKE TRAIL 1 WHEREAS, in 2021 St. Croix County originally budgeted for Phase I of the Highway 2 35 Loop Bike Trail for $660,000 construction and $525,000 TAP Grant for a net project 3 expected at $135,000; and 4 5 WHEREAS, St. Croix County received a TAP Grant for a maximum of $471,805.60; 6 and 7 8 WHEREAS, St. Croix County has already spent approximately $95,000 in design fees; 9 and 10 11 WHEREAS, St. Croix County received four bids for the project ranging from $847,683 12 to $1,056,133; and 13 14 WHEREAS, the actual total cost for the project will be $942,683 less actual grant of 15 $471,805.60 for a an actual net costs of $470,877.40 instead of the original budgeted amount of 16 $135,000, resulting in a short fall of $335,877.40; and 17 18 WHEREAS, the Capital Improvement Fund has a current undesignated fund balance of 19 $5,382,203. 20 21 NOW, THEREFORE, BE IT RESOLVED that the St. Croix County Board of 22 Supervisors hereby amends the CIP budget for project 10075 to a net cost of $475,000, taking 23 the cost from the Government Center construction bond proceeds. 24 25 NOW, THEREFORE, BE IT FURTHER RESOLVED that St. Croix County shall 26 nurture the relationship with the bike and pedestrian groups to support maintenance efforts on the 27 trail. Legal – Fiscal – Administrative Approvals: Legal Note: Fiscal Impact: Budget amendment will use $335,877 of additional fund balance in the Capital Improvement Fund. 01/02/24 Community Development Committee RECOMMENDED RESULT: RECOMMENDED \[UNANIMOUS\] MOVER: Scott Counter, Vice Chair SECONDER: Shawn Anderson, Supervisor AYES: Shawn Anderson, Scott Counter, Daniel Hansen, Ryan Sherley ABSENT: Jerry VanSomeren EXCUSED: Dick Hesselink Vote Confirmation. St. Croix County Board of Supervisors Action: Roll Call - Vote Requirement – Two-thirds Majority of Entire Membership (13) RESULT: ADOPTED AS AMENDED \[16 TO 2\] MOVER: Daniel Hansen, Supervisor SECONDER: Scott Counter, Supervisor AYES: Lind, Anderson, Long, Leaf, Koch, Adams, Berning, Feidler, Ostness, Counter, Hansen, Sherley, Tellijohn, Carlson, Swanepoel, Ramberg NAYS: Richard Ottino, Mike Barcalow EXCUSED: Jerry VanSomeren This Resolution was Adopted as Amended by the St. Croix County Board of Supervisors on January 2, 2024 Christine Hines, County Clerk