HomeMy WebLinkAbout21-160CITY OF LAKEVILLE
RESOLUTION NO. 21-160
RESOLUTION ORDERING THE IMPROVEMENTS AND AUTHORIZING THE
PREPARATION OF PLANS AND SPECIFICATIONS FOR THE 2022 STREET
RECONSTRUCTION PROJECT
WHEREAS,on October 18, 2021, the City Council fixed a date for the public hearing on the 2022
Street Reconstruction Project. The project will include portions of roads located within the
following developments and lands: Crossroads 2nd Addition, Crossroads 1st Addition;
Crossroads 5th Addition; Country Pond South 6th Addition; Country Pond South 7th Addition;
Country Pond South 5th Addition; Country Pond South 2nd
Addition; Country Pond South; Dodd Ridge 4th Addition; Dodd Ridge 3rd Addition; Meadow
Brook 4th Addition; Country Pond South 4th Addition; Dodd Ridge 2nd Addition; Jacob Glen
Estates; Dodd Ridge; Meadow Brook 1st Addition; Meadow Brook 2nd Addition; Meadow Brook
3rd Addition, Heritage Commons 3rd Addition; Heritage Commons 4th Addition; Heritage
Commons 6th Addition; Heritage Commons 8th Addition; Heritage Commons 2nd Addition;
Heritage Commons 7th Addition; Heritage Commons; Heritage Library Addition; Heritage
Square Addition; Section 29 TWN 114 Range 20; Heritage Walk, City Project 22-02; and
WHEREAS, the required published notices of hearing through a weekly publication were given,
the required mailed notice of the improvement hearing was given to each property owner in the
proposed assessment area at least ten days prior to the hearing, and the hearing was held on
November 15, 2021, at which time all persons desiring to be heard were given an opportunity to
be heard.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Lakeville Minnesota
1. Such improvement is necessary, cost-effective and feasible as detailed in the feasiblity
study.
2. The 2022 Street Reconstruction Project is hereby ordered as identified in the Feasibility
Report for City Project 22-02, dated October 18, 2021.
3. The City expects to issue bonds for the project costs.
4. The estimated project costs are $8,782,051.08 and anticipated funding sources are listed
below. City staff is hereby authorized to make the appropriate transfers between funds
with respect to the non -debt 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 bond proceeds.
Anticipated Funding Sources Amount
G.O. Improvement Bonds - Taxes $4,890,021.73
G.O. Improvement Bonds - Sp. Assessments $2,421,873.19
Water Operating Fund $ 880,732.16
Sanitary Sewer Operating Fund $ 275,545.60
Stormwater Infrastructure Fund $ 83,259.20
Environmental Resources Fund - Water Quality $ 75,000.00
Environmental Resources Fund - Stormwater Maintenance $ 155,619.20
Total $8,782,051.08
5. WSB is hereby authorized to prepare plans and specifications for the making of such
improvements.
ADOPTED by the Lakeville City Council this 15th day of November 2021
CITY OF LAKEVILLE
Douglas P. Anderson, Mayor
ATTEST:
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Charlene Friedges, City Cl