HomeMy WebLinkAboutItem 06.m April 15, 2019 Item No.
KENWOOD TRAIL (DODD BOULEVARD TO 185TH STREET) IMPROVEMENTS
(CITY PROJECT 14-10) AUTHORIZE FUNDING AND AMEND 2018 BUDGETS
Proposed Action
Staff recommends adoption of the following motion: Move to authorize funding and amend the
2018 budgets with respect to City Project 14-10, Kenwood Trail (Dodd Boulevard to 185th Street).
Overview
In 2015, the City and Dakota County partnered to complete the improvements on Kenwood Trail
from Dodd Boulevard to 185th Street. The project was substantially complete prior to December
31, 2018. Staff received revised cost information from the County, and City staff is in process of
finalizing 2018 financials. Therefore, staff is requesting the authority to amend the 2018 budgets
and make the appropriate transfers in 2018.
Primary Issues to Consider
• Project Financing (see attached)
Supporting Information
• Resolution
Financial Impact: $1,439,720 Budgeted: Y☒ N☒ Source: Multiple Sources
Related Documents: 2019-2023 City of Lakeville Capital Improvement Plan
Envision Lakeville Community Values: Good Value for Public Services
Report Completed by: Jerilyn Erickson, Finance Director & Zach Johnson, City Engineer
Primary Issues to Consider
Project Financing
The City’s Capital Improvement Plan initially programmed Municipal State Aid, Escrows, and
Storm Water Infrastructure Fund as the funding sources on this project. The project scope also
included work on watermain and sanitary sewer lines such that the Water Operating Fund and
Sanitary Sewer Operating Fund are also eligible as funding sources.
The current estimated total City costs of project 14-10 for only the storm water infrastructure,
watermain, and sanitary sewer portions of the project are listed below. The City will make
installment payments to the County in 2019 and 2020 for the remainder of the project, which is
anticipated to be funded with Municipal State Aid. The City will be reviewing the final project costs
from the County as additional payments are due to the County.
City Staff recommends making the appropriate transfers and amending the 2018 budgets with
respect to the costs listed below, up to 10% above the estimated costs.
Anticipated Funding Sources Amount
Storm Water Infrastructure Fund $ 669,350
Water Operating Fund 305,010
Sanitary Sewer Operating Fund 465,360
$1,439,720
CITY OF LAKEVILLE
RESOLUTION NO. ____
RESOLUTION AUTHORIZING FUNDING FOR CITY PROJECT 14-10
WHEREAS, on October 30, 2015, the City Council approved a JPA with Dakota County for
engineering, right-of-way acquisition and construction of Kenwood Trail from Dodd Boulevard
to 185th Street; and
WHEREAS, on March 6, 2017, the City Council approved the first amended and restated JPA
with Dakota County; and
WHEREAS, the current estimated total City costs of project 14-10 for only the storm water
infrastructure, watermain, and sanitary sewer portions of the project are listed below. The City will
make installment payments to the County in 2019 and 2020 for the remainder of the project, which
is anticipated to be funded with Municipal State Aid.
NOW, THEREFORE, BE IT RESOLVED, by the Lakeville City Council:
Staff is hereby authorized to amend the 2018 budgets and make the appropriate transfers between
funds 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.
Anticipated Funding Sources Amount
Storm Water Infrastructure Fund $ 669,350
Water Operating Fund 305,010
Sanitary Sewer Operating Fund 465,360
$1,439,720
ADOPTED by the Lakeville City Council this 15th day of April 2019
______________________________
Douglas P. Anderson, Mayor
_________________________________
Charlene Friedges, City Clerk