HomeMy WebLinkAbout26-085 Resolution receiving feasibility report and calling a public hearing for 215th street improvements CITY OF LAKEVILLE
RESOLUTION NO. 26-085
Resolution Receiving Feasibility Report and Calling a Public Hearing
For 215�'Street Improvements
WHEREAS, pursuant to resolution of the council adopted February 17, 2026, a report has been
prepared by Stonebrooke with reference to 215`''Street Improvements,City Project 26-09,and this
report was received by the council on July 6,2026;and
WHEREAS, the report provides information regarding whether the proposed improvements are
necessary, cost-effective, and feasible; whether they should best be made as proposed or in
connection with some other improvement; the estimated cost of the improvements as
recommended; and a description of the methodology used to calculate individual assessments for
affected parcels.
NOW> THEREFORE, BE IT RESOLVED, by the City Council of Lakeville,Minnesota:
1. The council will consider City Project 26-09 in accordance with the report and the
assessment of abutting property for all or a portion of the cost of the improvement pursuant
to Minnesota Statutes,Chapter 429,at an estimated total project cost of$11,636,886.
2. A public hearing shall be held on City Project 26-09 on Monday, August 3, 2026, in the
council chambers of the city hall at 6:00 p.m. and the clerk shall give mailed and published
notice of such hearing and improvements as required by law. Members of the public can
participate in person at the Lakeville City Hall, 20195 Holyoke Avenue. Interpretive
services can be requested by calling 952-985-4407 a minimum of 24-hours in advance.The
mayor will allow for public comments and questions at the appropriate time.
ADOPTED by the Lakeville City Council this 6�''day of July 2026.
CITY OF LAKEVILLE:
r�,
Lu e M. Hellier,Mayor
Ann Orlofsky, City Clerk
Project Financing
• The City's cost-share for roadway improvements, will be financed from the issuance of
G.O.Improvement Bonds,with 100%of this cost being eligible to be collected from Special
Assessments per the City's Special Assessment Policy.
• Stormwater improvements,including upsizing and replacements,will be financed from the
Stormwater Infrastructure Fund.
• Public watermain improvements will be financed from the Water Trunk Fund.
• Public sanitary sewer improvements will be financed from the Sanitary Sewer Trunk Fund.
• A summary of project funding sources is included in the table below:
Anticipated Funding Sources Feasibility Report
City of Lakeville G.O. Bonds - Special $5,072,952
Asessments
Stormwater Infrastructure Fund $1,512,014
Sanitary Sewer Trunk Fund $3,015,707
Water Trunk Fund $2,023,793
Street Lighting- Utility Fund $12,420
Total Estimated Costs $11,636,886