HomeMy WebLinkAbout15-027 Property Acquisition for TH 13 and 150th St. Project
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 15-027
A RESOLUTION AUTHORIZING ACQUISITION OF PROPERTY FOR THE 150 STREET AND TH 13
TH
IMPROVEMENT PROJECT
Motion By: MORTON Second By: THOMPSON
WHEREAS, On September 16, 2014, the City Council approved resolution 14-139 approving a cooperative
agreement with the City of Savage for the 150 Street and TH 13 Improvement Project; and
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WHEREAS, The Cooperative Agreement outlined the cost participation between the Cities of Savage and
Prior Lake; and
WHEREAS, The City of Prior Lake has agreed to pay for property acquisition costs in excess of $862,000 as
outlined in the agreement; and
WHEREAS, A provision of the agreement specified that any costs above 110% of $862,000 require written
approval from the City of Prior Lake; and
WHEREAS, The appraisals are now complete for the project and the sum of the property acquisitions amount
to $1,030,150 which is approximately 120% of the original estimate.
NOWTHEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1.The recitals set forth above are incorporated herein.
2.The City of Prior Lake hereby authorizes property acquisition up to $1,030,150 for the 150 Street and
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TH 13 Improvement Project.
PASSED AND ADOPTED THIS 9 DAY OF FEBRUARY 2015.
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VOTE Hedberg Keeney McGuire Morton Thompson
Aye
☒☒☒☒☒
Nay
☐☐☐☐☐
Abstain
☐☐☐☐☐
Absent
☐☐☐☐☐
______________________________
Frank Boyles, City Manager