HomeMy WebLinkAbout18-099CITY OF LAKEVILLE
RESOLUTION NO. 18-99
RESOLUTION AMENDING THE 2018 BUDGETS AND AUTHORIZING TRANSFERS
WHEREAS, the 2018 budgets were adopted on December 4, 2017; and
WHEREAS, the City Council discussed utilizing $764,500 from the sale of land adjacent
to the police station (183,d Street property) to fund trail improvements associated with the 2019-
2028 Capital Improvement Program; and
WHEREAS, the City Council discussed utilizing $125,000 of 2018 General Fund reserves
to fund capital park purchases associated with the 2019-2028 Capital Improvement Program; and
WHEREAS, the City Council discussed utilizing antenna revenues as a primary funding
source to fund the Facilities Plan.
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 2018 Park Dedication Fee Fund is amended in the amount of $764,500 for transferring
funds to the Trail Improvement Fund.
3. The 2018 General Fund budget is amended in the amount of $125,000 for transferring funds
to the Park Improvement Fund.
4. The 2018 Water Trunk Fund budget is amended in an estimated amount of $403,000 for
transferring 2018 antenna revenues to the Building Fund.
ADOPTED by the Lakeville City Council this 17th day of September 2018
CITY OF LAKEVILLE
Douglas P. Anderson, Mayor
ATTEST:
Charlene Friedges, City Cle