HomeMy WebLinkAbout95-109 L ~
CITY OF LAKEVILLE
RESOLUTION
Date May 15, 1995 Resolution No. 95-109
Motion By Johnson Seconded By Mulvihill
RESOLUTION AUTHORIZING FUND TRANSFERS, RECEIPT OF A REPORT,
ORDERING PREPARATION OF A PAVEMENT MANAGEMENT PLAN, AND
ORDERING PREPARATION OF PLANS AND SPECIFICATIONS FOR THE
1995 STREET OVERLAY IMPROVEMENT PROJECT
WHEREAS, the City Engineer and City Finance Director have recommended that
the City Council take certain action concerning construction and financing streets.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of
Lakeville:
• 1. Receipt is hereby acknowledged of the ten-year capital improvement plan and
financing plan prepared by SEH.
2. The City Engineer is directed to prepare plans and specifications for the 1995
Street Overlay Improvement Project.
3. SEH is authorized and directed to prepare a pavement management plan for the
City at a cost not to exceed $75,000.00 as per letter dated February 23, 1995.
4. The City Finance Director is authorized and directed to transfer the current cash
balance of $411,394.00, and future special assessment receivables from the 1980
Special Assessment Improvement Bond Funds Series A and B to the Public Works
Fund.
5. The City Finance Director is authorized to make temporary transfers, i.e. a loan, of
the funds set forth on the attached schedule to the Public Works Fund. The funds
shall be repaid with interest when no longer needed in the Public Works Fund or
for the purpose for which they are held by the City.
APPROVED AND ADOPTED by the City Council of the City of Lakeville,
Minnesota, this 15th day of May, 1995.
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CITY OF VII.,LE
By:
Duane Zaun, Mayor
~TTES~
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Charlene Friedges, City Jerk
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