HomeMy WebLinkAbout16-025 Welcome Ave Final Funding
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 16-025
A RESOLUTION APPROVING WELCOME AVENUE IMPROVEMENT PROJECT FINAL FUNDING
Motion By: Thompson Second By: McGuire
WHEREAS, The City Council ordered improvement project #12-002, the Welcome Avenue Industrial Park
Improvements.
WHEREAS, The City Council adopted the assessment roll for the Welcome Avenue Industrial Park
Improvements. The City received two objections to the assessments which were later filed
with the Scott County District Court.
WHEREAS,
WHEREAS,
The Scott County District Court issued an order in each case which required that the original
assessment be withdrawn, and that the City reassess the parcels pursuant to Minn. Stat. §
429.071.
On January 12, 2015, the City held a public hearing and approved a resolution reassessing
the Prior Lake Mini Storage Parcel. On October 26, 2015, the City held a public hearing and
approved a resolution reassessing the Pavek Parcel.
WHEREAS, The City appealed the Scott County District Court decision. Minnesota Court of Appeals has
issued their decision on the appeals upholding the decision of the Scott County District Court .
WHEREAS, The two objections to the project special assessments resulted in unanticipated costs in the
construction fund, and a debt service funding shortfall that need to be addressed.
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. The transfer of funds into the Construction Fund (501-43500.00 project TRN13-000004) is hereby
authorized to be made from the Water Fund in the amount of $402,410 and from the Water Quality
Fund in the amount of $40,000, effective December 31, 2015.
3. Funding of the 2013 Bond issue debt service in Fund 560, due to the Court Ordered reduction in
Water/Sewer special assessments is hereby authorized to be made from the Water Fund in the amount
of $243,779, at the time of the next debt service payment.
4. Funding of the 2013 Bond issue debt service shortfall in Fund 560 of $253,941, due to the Court
Ordered reduction in Streets/Storm Water special assessments, is hereby authorized to be made by
debt service tax levy, and will be incorporated into the the annual debt service budget.
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PASSED AND ADOPTED THIS 22th DAY OF February 2016.
VOTE Hedberg Keeney McGuire Morton Thompson
Aye ☒ ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐
The motion carried.
______________________________
Frank Boyles, City Manager