HomeMy WebLinkAbout18-040CITY OF LAKEVILLE
RESOLUTION NO. 18-40
RESOLUTION AUTHORIZING FUNDING FOR
KENYON AVENUE RECONSTRUCTION, CITY PROJECT 18-06
WHEREAS, the Kenyon Avenue Reconstruction project, City Project 18-06, is
programmed in the adopted 2018-2022 Capital Improvement Plan.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Lakeville,
Minnesota:
The estimated project cost is $1,236,994 and anticipated funding sources are listed below. City
staff is hereby authorized to amend the 2018 budgets and make the appropriate transfers between
funds with respect to the project funding sources up to 10% above the estimated costs. Funding
transfers may include loans between funds to cover engineering and other costs incurred on the
project in advance of receiving other funding.
Funding Sources
Amount
Municipal State Aid
$330,194
Pavement Management Fund
$106,374
Water Operating Fund
$62,110
Escrows
$305,540
Developer Contribution (Amendment to Lee Lake Subdivision
Development Contract)
$51,448
Trunk Storm Sewer Fund
$326,098
Dakota County SWCD Grant
$39,000
Environmental Resources Fund
$16,230
Total
$1,236,994
ADOPTED by the Lakeville City Council this 16th day of April 2018.
Douglas P. Anderson, Mayor
Charlene Friedges, City