HomeMy WebLinkAbout25-041 Authorizing Funding and 2025 Budget Amendments and Transfers 2025 Miscellaneous Improvements, City Project 25-01CITY OF LAKEVILLE
RESOLUTION NO. 25-041
Resolution Authorizing Funding and 2025 Budget Amendments and Transfers
2025 Miscellaneous Improvements, City Project 25-01
WHEREAS, 2025 Miscellaneous Roadway Repairs and Overlays, City Project 25-01, is
programmed in the adopted Lakeville 5-year Capital Improvement Plan (2025-2029).
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Lakeville, Minnesota:
The estimated project cost is $3,161,995 and anticipated funding sources are listed below. City staff
is hereby authorized to amend the 2025 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
City of Lakeville (property taxes)
Water Operating Fund
Sanitary Sewer Operating Fund
Stormwater Infrastructure Fund
Environmental Resources Fund
Park Improvement Fund
Dakota County Funding
Park Dedication Fund
Trail Improvement Fund
Total
Total
$ 1,355,627
42,779
53,944
60,637
622,037
140,417
380,099
68,854
437,601
ADOPTED by the Lakeville City Council this 17th day of March 2025.
City of Lakeville:
1' I'
e M. Hellier, Mayor
Taylor Snider, Assistant to the City Administrator
3,161,995