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HomeMy WebLinkAboutX-E-02 City Hall Project - Budget AmendmentTo:Mayor Fasbender & City Councilmembers From:Chris Eitemiller, Finance Manager Date:November 3,2025 Item:City Hall Dome/HVAC Project Budget City Council Memorandum Council Action Requested: Approve resolution authorizing the amended budget for the City Hall Dome/HVAC Project. Background Information: The City Hall/HVAC project is nearly complete. Due to some cost increases and change orders to the project scope, the expenditure total and amount of City contribution has increased. The total cost of the project has risen to $5,575,089 from $5,018,977. Financial Impact: The City’s share of the project’s final costs will be $3,025,139.Other funding sources listed in the summary table included in the resolution have not changed. Committee Discussion: N/A Attachments: •Updated resolution to adopt project budget X-E-02 CITY OF HASTINGS DAKOTA COUNTY,MINNESOTA RESOLUTION ____________ A RESOLUTION AUTHORIZING THE BUDGET FOR THE CITY HALL DOME/ HVAC PROJECT WHEREAS,the City has a need to restore the City Hall Dome, as well as other related capital needs;and WHEREAS,the City has received a $2 million State GO Bond grant for repairs, construction and other capital improvements necessary for renovation of the historic City Hall in Hastings. This appropriation includes money for repairs of the dome and roofing, HVAC improvements, repairs to the interior walls and exterior masonry of the building, site regrading and project management; and WHEREAS,the City also received a $212,187 Historical Society grant to help fund this project; and WHEREAS,the City spent $337,763 of City general revenues between 2018 and 2021 for masonry restoration and pre-design costs;and WHEREAS,on the City used $2,087,638 million of the City’s American Rescue Plan Act allocation to fund much of the project; and WHEREAS,the City’s original plan was to use $600,000 of the 2024 bond issuance to help fund this project; and WHEREAS,there are additional available funds from the 2024 bond issuance due to the Arena project obtaining grant support as well as containing costs to provide $337,763 to complete the remaining funding needed for this project. WHEREAS, the City has the financial capability to provide any required funds necessary to fund any cash shortfalls in this project and that the source of City’s funds for this purpose shall be the City's general fund. X-E-02 NOW, THEREFORE BE IT RESOLVED,by the City Council of the City of Hastings, Minnesota;that the City Hall Dome/HVAC Project’s Budget is hereby amended as follows: SOURCE AND USE OF FUNDS FOR CITY HALL DOME PROJECT Source of Funds State GO Bond Funds 2,000,000 MN Historical Society Grant 212,187 City General Revenues (2018-19)282,555 City General Revenues (2020-21)55,208 Final City Contribution 3,025,139 Total Funding 5,575,089 Use of Funds Masonry Restoration 494,742 Pre-design & Design Costs 149,212 Construction 4,931,135 Total Project Costs 5,575,089 And the estimated project budget is hereby adopted at $5,575,089. Adopted this 3rd day of November 2025. Mary Fasbender, Mayor Attest: Kelly Murtaugh,City Clerk X-E-02