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Prier Lake. MN 55372
CITY COUNCIL AGENDA REPORT
MEETING DATE: MARCH 7, 2011
AGENDA #: 5C
PREPARED BY: STEVE ALBRECHT, DIRECTOR OF PUBLIC WORKS
PRESENTER: STEVE ALBRECHT
AGENDA ITEM: CONSIDER APPROVAL OF A RESOLUTION MODIFYING THE
FUNDING SOURCE FOR THE 2011 MONITORING WELL PROJECT
DISCUSSION: Introduction
The purpose of this agenda item is to identify the Water Fund and Water
Quality Fund as the funding sources for the 2011 Monitoring Well Project.
History
On December 7, 2010 the City Council awarded a contract to Traut Wells
for construction of the 2011 Monitoring Well Project.
Current Circumstances
The contract approval resolution 10 -117 designated the Construction Fund
as the source of funding for the 2011 Monitoring Well Project. Because
funding is being provided by the Water Fund and Water Quality Fund it is
appropriate to designate those funding accounts rather than transfer funds
to the Construction Fund.
Conclusion
The City Council should modify the funding sources for the 2011 Monitoring
Well Project.
ISSUES: The original funding resolution did not authorize the transfer of funds to the
Construction Fund. Without approval of the resolution accompanying this
agenda report the proper funding sources can not be debited for the
project.
FINANCIAL The project costs and funding sources are programmed and available.
IMPACT: This is an administrative resolution that eliminates the need to transfer
funds to the Construction Fund. Previously a contract amount of
$75,847.50 was approved to be funded from account #501 - 48371 -505.
This agenda proposes to modify the funding sources to #601- 49400 -530
($55,847.50) and #602- 49420 -530 ($20,000.00).
ALTERNATIVES: The alternatives are as follows:
1. Approve a Resolution Modifying the Funding Source for the 2011
Monitoring Well Project.
2. Table the Resolution for a specific reason.
3. Deny the Resolution.
RECOMMENDED Alternative 1.
MOTION:
Frank BWles,/Cily Manager
RESOLUTION 11 -xxx
A RESOLUTION MODIFYING THE FUNDING SOURCE FOR THE 2011 MONITORING WELL PROJECT
Motion By:
Second By:
WHEREAS, On December 7, 2010 the City Council approved Resolution #10 -117 authorizing
construction of the monitoring wells and identifying the funding source as the Construction
Fund Account # 501 - 48371 -505; and
WHEREAS, That approval did not include authorization of a transfer from the funding accounts; and
WHEREAS, It is appropriate to designate the Water Fund and the Water Quality Fund as the funding
sources rather than make a transfer to the Construction Fund; and
WHEREAS, This modification is required to ensure the appropriate accounts are debited.
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
2. Funding for construction of the 2011 Monitoring Wells shall be as follows:
Water Fund $55,847.50 601 - 49400 -530
Water Quality Fund $20,000.00 602 - 49420 -530
PASSED AND ADOPTED THIS 7th DAY OF MARCH, 2011.
YES NO
M ser
M ser
Erickson
Erickson
Hedberg
Hedber
Keeney
Keene
Soukup
Souku
Frank Boyles, City Manager
1/finance1 /teamslam /October 4 20101March 7, 2011 /Monitoring Well
Resolution.docxi,ttp : / /financel /teams /am /October 4 2010 /March 7, 2011 /Monitoring Well Resolution.docx