HomeMy WebLinkAbout22-032CITY OF LAKEVILLE
RESOLUTION NO. 22-32
Resolution Authorizing Funding for 210" Street Reconstruction Project
City Project 22-03
WHEREAS, the 210th Street Reconstruction project, City Project 22-03, 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 $14,674,862; and anticipated funding sources are listed below. City
staff is hereby authorized to amend the 2022 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 Source
Amount
Property Tax Levy
$ 6,317,140
Municipal State Aid Fund
524,000
Special Assessments
587,730
Dakota County
1,061,028
Escrow
600,000
Water Operating Fund
956,901
Sanitary Sewer Operating Fund
44,505
Street Light Operating Fund
187,243
Storm Water Infrastructure
2,680,187
Water Trunk Fund
453,975
Sanitary Sewer Trunk Fund
71,390
Park Dedication Fund
503,997
Trail Improvement Fund
186,766
SRTS Grant
500,000
$ 14,674,862
ADOPTED by the Lakeville City Council this 71 day of March 202
419',
Luk ellier, Acting Mayor
Charlene Friedges, City Cle&