TO: Mayor and City Council
FROM: Beth Beatty, City Manager
SUBJECT:
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Ordinance Amending the 2024 Annual Budget for the Sidewalk Vault Improvements - 102 N Chicago Street, 176 N Chicago Street, and 2 Clinton Street in the amount of $400,000.00
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BACKGROUND:
The 2024 City Budget contains a line item for Sidewalk Vault Improvements. Bids for this project came in higher than anticipated.
The Department of Public Works is requesting a budget amendment in the amount of $400,000.00 to cover the award of a contract for Sidewalk Vault Improvements - 102 N. Chicago Street, 175 N. Chicago Street, and 2 Clinton Street. The Public Service Committee will review this matter.
CONCLUSION:
As this expenditure was not fully funded in the original 2024 City of Joliet Budget, a Budget Amendment Ordinance, in the amount of $400,000.00, is attached for approval.
The Capital Funds Account (Org 30090270, Object 557200, $400,000.00) for Sidewalk Vault Improvements will be utilized for this amendment.
RECOMMENDATION:
recommendation
Based on the above, it is recommended the Mayor and City Council approve the Ordinance for the proposed Budget Amendment, in the amount of $400,000.00, for Sidewalk Vault Improvements.
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