HomeMy WebLinkAbout24-035 Authorizing Funding and 2024 Budget Amendments and Transfers 2024 Miscellaneous Roadway Repairs, City Project 24-01 CITY OF LAKEVILLE
RESOLUTION NO. 24-035
Resolution Authorizing Funding and 2024 Budget Amendments and Transfers
2024 Miscellaneous Roadway Repairs,City Project 24-01
WHEREAS, 2024 Miscellaneous Roadway Repairs and Overlays, City Project 24-01, is
programmed in the adopted Lakeville 5-year Capital Improvement Plan (2024-2028).
NOW,THEREFORE,BE IT RESOLVED,by the City Council of the City of Lakeville,Minnesota:
The estimated project cost is$2,099,323 and anticipated funding sources are listed below.City staff
is hereby authorized to amend the 2024 budgets (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 Total
City of Lakeville(property taxes) $ 1,397,562
Water Operating Fund 15,439
Sanitary Sewer Operating Fund 53,996
Stormwater Infrastructure Fund 65,345
Environmental Resources Fund 19,781
Park Improvement Fund 120,147
Liquor Fund(Galaxie store parking lot) 208,720
Trail Improvement Fund 218,335
Total $ 2,099,323
ADOPTED by the Lakeville City Council this 18th day of March 2024.
City of Lakeville:
J `
L M. Hellier, Mayor
Ann Orlofsky, City Clerk