HomeMy WebLinkAbout20-047CITY OF LAKEVILLE
RESOLUTION NO. 20-47
RESOLUTION AUTHORIZING FUNDING FOR
CSAH 46 TRAIL (SOUTH SIDE) IMPROVEMENTS
WHEREAS, the CSAH 46 Trail Improvements, City Project 20-11, 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 $448,398; 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 County
$336,298
Park Dedication Fund/Escrow*
80,4 5
Escrow #8536
31,615
Total Estimated Costs
$448,398
*Edison at Spirit -trail construction escrow
ADOPTED by the Lakeville City Council this 201 day of April 2020
Douglas P. Anderson, Mayor
Charlene Friedges, City Cle�'