HomeMy WebLinkAbout26-057 Resolution Authorizing Funding and Budget Amendments and Transfers 2026 Kenrick Ave Retaining Wall and Drainage Repairs, City Project 26-16 CITY OF LAKEVILLE
RESOLUTION NO. 26-057
Resolution Authorizing Funding and Budget Amendments and Transfers
2026 Kenrick Ave Retaining Wall and Drainage Repairs, City Project 26-16
WHEREAS, the 2026 Kenrick Ave Retaining Wall and Drainage Repairs, City Project 26-16, 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 $632,298 and anticipated funding sources are listed below. City staff
is hereby authorized to amend the 2026 budgets and/or 2027 budgets (if needed as the project is
completed) and make the appropriate transfers between funds/projects 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
Park &Trail Improvement Fund $359,772
Stormwater Infrastructure Fund 191,164
Pavement Management Fund 81,361
$632,298
ADOPTED by the Lakeville City Council this 4th day of May 2026.
CITY OF LAKEVILL •
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Luke M. Hellier, Mayor
Ann Orlofsky, City Clerk