HomeMy WebLinkAbout20-044CITY OF LAKEVILLE
RESOLUTION NO. 20-44
RESOLUTION AUTHORIZING FUNDING FOR
179TH STREET RECONSTRUCTION PROJECT
CITY PROJECT 20-08
WHEREAS, the 179' Street Reconstruction Project, City Project 20-08, 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 $6,905,991; 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
Amount
Dakota Coun
$3,794,991
Municipal State Aid*
2,552,907
S tormwater Infrastructure Fund
460,975
Water Operating Fund
42,232
Sanitary Sewer Operating Fund
20,126
Street L' ht Operating Fund
34,760
Total Estimated Costs
$6,905,991
*Dakota County to advance the City share of the Municipal State Aid costs until 2023.
ADOPTED by the Lakeville City Council this 20`h day of April 2020
Douglas . Anderson, Mayor
Charlene Friedges, City Cle