HomeMy WebLinkAbout19-046CITY OF LAKEVILLE
RESOLUTION NO. 19-46
RESOLUTION AUTHORIZING FUNDING FOR
2019 STREET RECONSTRUCTION PROJECT
CITY PROJECT 19-02
WHEREAS, 2019 Street Reconstruction Project, City Project 19-02, 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 $10,347,018; 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
Property Taxes
$4,315,909
Street and Storm Sewer Assessments
$2,995,121
Water Operating Fund
$756,743
Sanitary Sewer Operating Fund
$223,350
Environmental Resources Fund
$117,576
Storm Water Infrastructure Fund
$67,245
City of Burnsville
$1,871,074
Total
$10,347,018
ADOPTED by the Lakeville City Council this 15`h day of April 2019
Douglas P. Anderson, Mayor
Charlene Friedges, City Cle