HomeMy WebLinkAbout11-091 Funding ROW Arcadia - CR 21 Intersection
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 1 1 - 091
A RESOLUTION IDENTIFYING FUNDING SOURCES FOR RIGHT OF WAY AND EASEMENT
ACQUISITION FOR THE ARCADIA AND CR 21 INTERSECTION IMPROVEMENT PROJECT
Motion By: Hedberg Second By: Keeney
WHEREAS, T he construction of the Project will requir e the acquisition of various lands, easements,
and other rights and interests by the City; and
WHEREAS, Right of Way/property acquisition costs are estimated at $463,044 ; and
WHEREAS, It is necessary to have funds available to acquire right of way and ea sements prior to
construction.
NOW THEREFORE , BE IT HEREBY RESOLVE D BY THE CITY COUNCI L OF PRIOR LAKE,
MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
2. Right of way and easement purchases will be recorded in t he Construction F und (#501 - 48372 - 515 ) for
the Arcadia and CR 21 Project .
3 . P roceeds from the bond sale will be deposited in the Construction Fund.
PASSED AND ADOPTED THIS 1 DAY OF AUGUST 201 1 .
ST
YES NO
Myser X Myser
Erickson X Erickson
Hedberg X Hedberg
Ke eney X Keeney
Soukup X Soukup
______________________________
Frank Boyles, City Manager