HomeMy WebLinkAbout22-027CITY OF LAKEVILLE
RESOLUTION NO. 22-27
Resolution Authorizing Funding for CSAH 70 Trail Connection
WHEREAS, the CSAH 70 Trail Connection, City Project 22-13, is programmed in the adopted
Lakeville 5 -year Capital Improvement Plan (2022-2026).
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Lakeville,
Minnesota:
The estimated project cost is $850,000 and the anticipated funding sources are listed below. City
staff is hereby authorized to amend the 2022 budget (if needed as the project is completed) 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
Park Dedication Fund
$127,500
Dakota County
$722,500
Total Amount of Anticipated Expenditures
$850,000
ADOPTED by the Lakeville City Council this 7th day of March 2022.
CITY OF L ILLE
L e Hellier, Acting Mayor
ATT .
Charlene Friedges, City (6k