HomeMy WebLinkAbout20-027CITY OF LAKEVILLE
RESOLUTION NO. 20-27
RESOLUTION AUTHORIZING FUNDING FOR
AMES ARENA PARKING LOT IMPROVMENTS AND
LAKEVILLE NORTH HIGH SCHOOL'S OVERFLOW PARKING LOT IMPROVEMENTS
WHEREAS, Ames Arena parking lot improvements and Lakeville North High School's overflow
parking lot improvements, City Project 19-13, is programmed in the adopted Lakeville 5 -year
Capital Improvement Plan (2020-2024).
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lakeville, Minnesota:
The estimated project cost is $1,106,174 and anticipated funding sources are listed below. City staff
is hereby authorized to amend the 2020 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 Cost type Amount
City of Lakeville - Bonds*
General construction
$ 712,070
Stormwater Infrastructure Fund
Stormwater
$ 165,000
Street Light Operating Fund
Lighting
$ 52,500
ISD 194
Lighting
$ 52,500
Total construction contract
$ 982,070
Ames Arena- Operations
Engineering contract
$ 75,000
City of Lakeville - Bonds*
Other costs
$ 49,104
Total estimated project cost
$ 1,106,174
*Bonds to be repaid with property taxes.
ADOPTED by the Lakeville City Council this 61 day of April 2020
Douglas . Anderson, Mayor
Charlene Friedges, City l k