HomeMy WebLinkAbout98-019 CITY OF LAKEVILLE
• RESOLUTION
Date February 17, 1998 Resolution 98-19
Motion By Ryan Seconded By Holberg
RESOLUTION ADOPTING
THE 1998 TRAIL DEDICATION FUND BUDGET,
AUTHORIZE TRANSFERRING TRAIL ESCROWS TO THE TRAIL DEDICATION FUND, AND
AUTHORIZE COMBINING THE PARK AND TRAIL DEDICATION FUNDS EFFECTIVE JANUARY 1, 1999.
BE IT RESOLVED, by the City Council of the City of Lakeville, Minnesota, that the following Trail
Dedication Fund Budget is hereby approved and adopted for the fiscal .year ending December 31, 1998.
Revenue 1998
Residential trail fees (300 Units @ $225) 67,500
Escrow: Highview Avenue 37,358
Total Revenue 104,858
Expenditures
• Tarry Creek (North side of Griffon Trail) 5,000
Golden Pond 3rd 3,000
96-7 175th Street: Highview -Hayes (North side only) 5,092
Holyoke: Heritage Drive -Hwy 50 (West side) 14,250
Cedar Avenue: Glacier Way -Valley Christian Church 3,750
Great Oak Shores Point - Kabot Cove 5,000
95-3 175th Street: Java -Hwy 50 48,058
95-3 Ipava: 175th Street - Eastview Elementary 28,068
Dodd Point Park: 160th -Dodd Lane (incl culverts). 25,000
Juno Trail: Christian to Casperson 16,000
Quail Meadows 2nd Addn: Cross Country Trail -Harris Plat 10,000
Harris. Plat: Cross Country Trail -Quail Meadows Trail 2,600
Quail Meadows: Outlot B. Trail -School Trail 1,000
Town & Country, Jaguar Avenue: 162nd Street - 165th Street 6,000
94-1 Hwy 50 Lighting: 202nd Street - 205th Street 6,000
Interpretive trail signs 2,500
Klamath Trail Phase III 75,000
Highview: Hearthside - 160th Street 22;000
Total Expenditures 278,318
Net Increase/(Decrease) (173,460)
Fund Balance January 1, 177,533
• Fund Balance December 31, 4.073
Continued
Continued
r BE IT FURTHER RESOLVED, that the escrow funds and accrued interest earnings for Highview
Avenue Trails which were received from Creekview estates, Interlachen Glen, Tarry Creek, and
Zweber 1st Addition are hereby authorized to be transferred to the Trail Dedication Fund, and
BE IT FURTHER RESOLVED, that the City of Lakeville Finance Director and Parks and
Recreation Director are authorized to combine the Park Dedication and Trail Dedication Funds
effective January 1, 1999.
APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota, this 17th day
of February, 1998.
CITY OF KEVILLE
BY•
• Dua a Zaun, Mayor
T EST
Charlene Friedges, City CI
•