HomeMy WebLinkAbout26-098 Resolution Authorizing Funding and 2026 Budget Amendments and Transfers 2026 Collector Roadway Rehabilitation, City Project 26-03CITY OF LAKEVILLE
RESOLUTION NO.26-098
Resolution Authorizing Funding and 2026 Budget Amendments and Transfers
2026 Collector Roadway Rehabilitation, City Project 26-03
WHEREAS, 2026 Collector Roadway Rehabilitation, City Project 26-03, 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 total project cost is $750,634 and anticipated funding sources are listed below. City
staff is hereby authorized to amend the 2026 budget (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 Source Amount
Property Tax Levy (Bonds) $ 395,104
Credit River 355,529
$ 750,634
ADOPTED by the Lakeville City Council on this 3rd day of August 2026.
Lu e M. Hellier, Mayor
Tay or Snider, Deputy City Clerk