HomeMy WebLinkAbout26-044 Resolution Authorizing Funding and 2026 Budget Amendments, Cost Allocations/Transfers 2026 Miscellaneous Roadway Repairs, CP 26-01 CITY OF LAKEVILLE
RESOLUTION NO. 26-044
Resolution Authorizing Funding and 2026 Budget Amendments, Cost Allocations/Transfers
2026 Miscellaneous Roadway Repairs, City Project 26-01
WHEREAS, 2026 Miscellaneous Roadway Repairs and Overlays, City Project 26-01, is
programmed in the adopted Lakeville 5-year Capital Improvement Plan (2026-2030).
NOW,THEREFORE,BE IT RESOLVED,by the City Council of the City of Lakeville,Minnesota:
The estimated project cost is$4,414,301 and anticipated funding sources are listed below. City staff
is hereby authorized to amend the 2026 budgets (if needed) 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.
The portion of the costs funded by Park Bonds Fund (Park Referendum Bonds/Park Ded.) relates
to the remainder of the trail gaps identified as part of the 2021 Park Bond Referendum project.The
work will be completed as part of project 26-01,but costs will be allocated to the Park Bonds Fund.
Any remaining park referendum bond proceeds will be expended first, and any remaining costs
will be transferred from the Park Dedication Fund for these new trails.
I�undiny Sources Total
Pa�•ement hlanagement l�w�d G 1,709,�11
Special Assessmcllis 152,11 R
�VaterC)perating Fund 21�,-�2-1
Sanitan�SewerC��erating 1�ttnd 85.549
Stormwater Intrastrudure Fund 15;,826
Em•ironmental Resuurce, Fund -1��,8u?
Pa rk&'I�ra il 1 mp ro��ement I�und(1'a rk;� 61,96�
I)akota C:ount}•I�unding iPark�unds I�Lu�d) 445,059
Pa rk�3��nds I�und i Pa rk Keterendttm Bonds?Pa rk I)eei 942?38
Pa rl:T)edicat ion I�und 1�S,t�u;�
Pa rk&T ra il I m}�ro�•ement Fun�i(7 ra il! ;,1�00
Total � -�.-�1-1,;i�l
ADOPTED by the Lakeville City Council this 6th day of Apri12026.
CITY OF LAKEVILLE:
Y U ` -
L e M. Hellier, Mayor
Ann Orlofsky, City Clerk