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CITY OF LAKEVILLE
RESOLUTION
Date December 20, 1999 Resolution No. 99-294
Motion By Luick Seconded By Mulvihill
RESOLUTION AUTHORIZING THE TRANSFER FROM ESCROW ACCOUNTS TO
THE PUBLIC WORKS RESERVE FUND
WHEREAS, the Developer of Kenwood Oaks provided a cash escrow on March 28,
1990 to Escrow Account 9117 for future upgrade of County Road 46 and County Road 5, and
WHEREAS, Kwik Trip provided a cash escrow on January 17, 1996 to Escrow. Account
9220 for the future upgrade of Dodd Boulevard, and
WHEREAS, Independent School District 192 provided a cash escrow on April 16, 1996
to Escrow Account 9227 for the improvements and upgrade of Pilot Knob Road immediately
adjacent to North Trail Elementary School, and
WHEREAS, Independent School District 194 provided a cash escrow to Escrow
Account 9226 on May 19, 1998 for the upgrade of 185th Street and Ipava Avenue adjacent to
Century Junior High School, and
WHEREAS, Independent School District 194 provided a cash escrow to Escrow
Account 9298 on August 4, 1998 for the future trail improvements on 165th Street adjacent to the
.ninth elementary -Oak Hills Elementary, and
WHEREAS, the City of Lakeville has financed the costs of such improvements from the
Public Works Reserve Fund.
NOW THEREFORE BE IT RESOLVED, by the City Council of Lakeville,
Minnesota, that the remaining balances in Escrow Account 9117 -Kenwood Oaks, Escrow
Account 9220 -Kwik Trip, Escrow Account 9227 -ISD 192 Farmington Elementary, Escrow
Account 9286 -ISD 194 Century Junior High, and Escrow Account 9298 -ISD 194 Oak Hills
Elementary can therefore be transferred to the Public Works Reserve Fund.
APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota,
this 20th day of December, 1999.
CITY LAKEVILLE
By•
Duane Zaun yor
ATTEST:
Charlene Friedges, City Cl