HomeMy WebLinkAbout19-049CITY OF LAKEVILLE
RESOLUTION NO. 19-49
RESOLUTION AUTHORIZING FUNDING FOR
HAMBURG AVENUE IMPROVEMENTS
WHEREAS, Hamburg Avenue Improvements, City Project 19-05, is programmed in the
adopted Lakeville 5 -year Capital Improvement Plan (2019-2023).
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Lakeville,
Minnesota:
The estimated project cost is $1,806,115 and anticipated funding sources are listed below. City
staff is hereby authorized to amend the 2019 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
City of Lakeville (property tax)
$502,456
Special Assessments
$240,084
Water Operating Fund
$50,409
Sanitary Sewer Operating Fund
$11,019
Trunk Water Fund
$33,882
Stormwater Infrastructure Fund
$530,603
Escrow Fund
$332,000.00
Park Dedication Fund
$105,662
Total
$1,806,115
ADOPTED by the Lakeville City Council this 15`h day of April 2019
Douglas l�Anderson, Mayor
Charlene Friedges, City C161