HomeMy WebLinkAbout5E - Ring Road Phase 3
DATE:
AGENDA #:
PREPARED BY:
SUBJECT:
DISCUSSION:
16200 Eagle Creek AQl&~NCIL AGENDA REPORT
Prior Lake, MN 55372-1714
December 1, 2003
5E
Bud Osmundson, Director of Public Works
CONSIDER APPROVAL OF A RESOLUTION AUTHORIZING FUND TRANSFERS
NECESSARY FOR THE RING ROAD PHASE 3 I FIVE HAWKS I CSAH 23 I TH 13
INTERSECTION IMPROVEMENT PROJECT, CITY PROJECT NO. 02.06
HISTORY: The proposed Ring Road / Five Hawks Avenue / CSAH 23/ Trunk Highway 13
intersection improvement project (Ring Road Phase 3) includes the construction of a new
alignment of CSAH 23 or Panama Street between McDonalds and the County Market with a
new signalized intersection on TH 13. The project also will realign 170th /Tower Street and
includes a bituminous overlay on Five Hawks from TH 13 north to Priorwood Street. We now
have all the property and easements acquired, except for the Priordale Mall parcel which is in
condemnation proceedings, and have obtained all MnDOT approvals. The plans and
specifications were approved by the City Council on July 7, 2003. Staff plans on bidding the
project in January 2004 with construction beginning as early as possible in the spring. The
project should be complete by Fall 2004.
The purpose of this agenda item is to consider a resolution approving the transfer of moneys
from various funding accounts to the construction fund for the project.
CURRENT CIRCUMSTANCES:
The Collector Street Fund is the account that is set up to pay the costs for the Ring Road
Phase 3 project. Specifically, it is Account number 503 - 60038.
In April 2003, $1,975,000 in General Obligation bonds were sold to back the assessments for
the 2003 City Street Reconstruction Project and the Ring Road Phase 3 project. The bond
sale included $375,000 for the Ring Road Phase 3 project. The funds from the bond sale
were deposited into the Construction Fund.
The 2003 City Operating budget, (Streets 43100-412) included $55,000 for the bituminous
overlay of Five Hawks Avenue which is part of the Ring Road Phase 3 project. Obviously this
project was not undertaken in 2003. To appropriate the funding from the General Fund -
Street operating budget, the City Council is required to approve the transfer to the Collector
Street Fund.
The attached resolution authorizes the transfer of $375,000 from the Construction Fund
account (the GO bond amount) to the Collector Street Fund. It also authorizes the transfer of
$55,000 (the Five Hawks overlay amount) from the General Fund to the Collector Street Fund.
www.cityofpriorlake.com
Agenda app FUND TRANSFERS 12-03
Phone 952.447.4230 / Fax 952.447.4245
ALTERNATIVES:
RECOMMENDED
MOTION:
After the Ring Road Phase 3 project is bid and the contract is awarded, staff will come back to
the City Council to finalize the funding adjustments for other parts of the project including
sewer and water.
The Finance Department concurs with the recommended action.
1. A motion to approve a Resolution authorizing fund transfers for the Ring Road Phase
3 Project, City Project NO.02 - 06.
2. Table the resolution for a specific reason,
3. Deny the Resolution.
ative 1 described above.
Agenda app FUND TRANSFERS 12-03
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
16200 Eagle Creek Avenue S.E.
Prior Lake, MN 55372-1714
RESOLUTION 03-xx
RESOLUTION AUTHORIZING FUND TRANSFERS
FOR THE RING ROAD PHASE 3 PROJECT,
THE CSAH 23/ FIVE HAWKS / TH 13 INTERSECTION IMPROVEMENTS,
CITY PROJECT NO. 02-06,
MOTION BY:
SECOND BY:
The City has planned the new intersection of CSAH 23 (Panama Avenue) / Five Hawks
Avenue with Trunk Highway 13, City Project No. 02 - 06, and identified this project for
construction in the Capital Improvement Program in 2003, and
City Project No. 02 - 06 includes the construction of a bituminous overlay on Five Hawks
Avenue between Trunk Highway 13 and Priorwood Street, and
Cooperative Agreements with the Minnesota Department of Transportation and Scott
County and the plans and specifications for this project, City Project No. 02 - 06, were
approved by the City Council on July 7,2003, and
General Obligation bonds were sold in April, 2003 to back the proposed assessments
($375,000) on City Project No. 02 - 06, and
The 2003 General Fund budget (Street operating 43100 - 412) includes funding for the
Five Hawks bituminous overlay ($55,000) which is included in City Project No, 02 - 06,
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA:
1. The recitals set forth above are incorporated herein.
2. That fund transfers be made for the funding for City Project No. 02-06, as follows:
. $375,000.00 from the Construction Fund to the Collector Street Fund
. $55,000.00 from the General Fund to the Collector Street Fund
Passed and adopted this 1 st day of December 2003.
{ Seal}
YES
NO
Blomberg Blomberq
Haugen Hauqen
LeMair LeMair
Petersen Petersen
Zieska Zieska
City Manager
www.cityofpriorlake.com
Agenda app FUND TRANSFERS 12-03
Phone 952.447.4230 / Fax 952.447.4245