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HomeMy WebLinkAbout17-172CITY OF LAKEVILLE RESOLUTION NO. 17-172 RESOLUTION AMENDING THE 2017 BUDGET WHEREAS, the goals for the City fiber optic network are to improve network performance between facilities, network servers, connection to other government entities, and reduce annual costs; and WHEREAS, Phase II of the fiber optic network project includes construction of the backbone segment and the lateral segments from the backbone to the Police Station, Fire Station 4, Fire Station 2, Water Treatment Facility, and Central Maintenance Facility; and WHEREAS, the General Fund, Water Operating Fund, Sanitary Sewer Fund, and Liquor Fund were identified as funding sources available for Phase II; and WHEREAS, the 2017 General Fund, Water Operating Fund, Sanitary Sewer Fund, Liquor Fund and Communications Fund budgets were adopted on December 5, 2016; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lakeville, Minnesota as follows: 1. The recitals set forth above are incorporated herein. 2. The following 2017 budgets are amended for transferring funds to the Communications Fund: General Fund in the amount of $181,957, Water Operating Fund in the amount of $23,876, Sanitary Sewer Operating Fund in the amount of $23,876, and Liquor Fund in the amount of $9,163. Staff is hereby authorized to make the appropriate transfers between funds for up to 10% above these estimated project costs. 3. The 2017 Communications Fund budget is amended in the amount of $238,872 for Phase II of the City fiber optic network project. ADOPTED by the Lakeville City Council this 20th day of November 2017. CITY OF LAKEVILLE Douglas . Anderson, Mayor AT 'EST: IL Charlene Friedges, City 5 /r k