HomeMy WebLinkAbout19-111CITY OF LAKEVILLE
RESOLUTION NO. 19-111
RESOLUTION AUTHORIZING FUNDING FOR KENYON AVENUE RECONSTRUCTION
CITY PROJECT 18-06
WHEREAS, on April 16, 2018, the City Council authorized funding for the Kenyon Avenue
Reconstruction project, City Project 18-06: and
WHEREAS, the actual costs for the project were higher than anticipated.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Lakeville, Minnesota:
The final costs of City Project 18-06 are $1,445,224. Anticipated funding sources are listed below.
Staff is hereby authorized to amend the 2019 budgets and make the appropriate transfers
between funds with respect to the funding sources up to 10% above the estimated costs.
Anticipated Funding Sources
Amount
Municipal State Aid
$475,319
Pavement Management Fund
$117,011
Water Operating Fund
$74,136
Escrows
$276,766
Developer Contribution (Amendment to Lee Lake Subdivision
Development Contract)
$61,487
Storm Water Infrastructure Fund
$383,652
Dakota County SWCD Grant
$39,000
Environmental Resources Fund
$17,853
Total
$1,445,224
ADOPTED by the Lakeville City Council this Th day of October 2019
Douglas P. Anderson, Mayor
Charlene Friedges, City Clerk