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HomeMy WebLinkAbout97-046 CITY OF LAKEVILLE RESOLUTION Date March 3, 1997 Resolution No. 97-46 Motion By Holberg Seconded By Mulvihill RESOLUTION APPROVING AND AMENDING THE FEBRUARY 1996 CAPITAL IMPROVEMENT PLAN FOR 1996-2000 WHEREAS, the February 1996 City of Lakeville Capital Improvements Plan for 1996-2000 approved by City Council Resolution provided $103,070 in the 1997 Park- Trails Fund budget for County Road 46 from CSAH 5 to Joplin Avenue project and provided $62,800 in the 1998 Park-Trails Fund budget for County Road 46 Improvement Project from Cedar Avenue to Pilot Knob; and WHEREAS, Dakota County has modified their financing policy in late 1996 with respect to trails constructed adjacent to County road projects commencing in 1997 or thereafter whereby the County requires the City to pay 45% of the trails cost which were • previously 100% paid by the County; and WHEREAS, Dakota County has modified their financing policy in late 1996 with respect to storm sewer improvements constructed adjacent to County road projects whereby commencing in 1997 the County will be responsible for 55% of State Aid eligible storm sewer construction costs which were previously financed by the City; and WHEREAS, the Improvement Project for Pilot Knob from 170"' to Farmington will require the City of Lakeville to reimburse Dakota County approximately $17,107 for trails as a result of the modifications to the Dakota County financing policy for construction projects commencing in 1997 or thereafter; and WHEREAS, the Improvement Project for CSAH 5 from 168` Street to County Road 46 will require the City of Lakeville to reimburse Dakota County approximately $14,580 for trails as a result of the recent modifications to the Dakota County Financing Policy for County road construction projects commencing in 1997 or thereafter; and WHEREAS, the City Engineer's revised cost estimates, based on Dakota County contracts, for the City share of cost for the County Road 46 Improvement Project from CSAH 5 to Joplin Avenue will be approximately $I.7 million less than the amount shown in the feasibility report as a result of favorable construction bids and financing; and • T WHEREAS, the City share of cost for trails associated with County Road 46 Improvement Project from CSAH 5 to Joplin Avenue is approximately $52,600 and cost of trails associated with County Road 46 Improvement Project from Cedar. Avenue to Pilot Knob is approximately $52,600; and WHEREAS, the City Council on March 3, 1997, has approved a Trails Development Fund budget for fiscal years 1997 and 1998 taking into consideration revised revenue projections, development activities and various other improvement projects. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lakeville that the City of Lakeville Capital Improvement Plan for 1996-2000 dated February 6, 1996, pages 4, 5, 7, 9, 20, 21 and 37 as shown on Exhibits A, B and C, respectively, is amended. APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota, this 3rd day of March, 1997. CITY O LAKEVILLE By: Dua a Zaun, Mayo TEST: • Charlene Frie ges, Cit Jerk •