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HomeMy WebLinkAbout07-148 Cost Share Jeffers Light Signal 4646 Dakota Street S.E. Prior Lake, MN 55372-1714 RESOLUTION 07-148 A RESOLUTION APPROVING THE CONSTRUCTION COST PARTICIPATION WITH SCOTT COUNTY FOR THE JEFFERS PASS/COACHMAN LANE AND CR 21 TRAFFIC SIGNAL IMPROVEMENTS Motion By: Hedberg Second By: Millar WHEREAS, On June 18, 2007 the City Council approved the Cooperative Agreement with Scott County for this project ; and WHEREAS, The County has received bids and has invoiced the City for its share; and WHEREAS, The City agrees to pay 50% of the cost associated with signalizing this intersection; and WHEREAS, The School District has agreed to reimburse the City 50% of the City's portion of the project costs in equal installments over a 3 year period; and WHEREAS, The City's cost share is $139,028; and WHEREAS, This is an important and needed safety improvement on CR 21. 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 this project shall come from the Street Oversize Fund Account No. 503-80207-501. 3. Staff is authorized to make payment to Scott County in the amount of $139,028. 4. Staff is authorized to invoice the ISD 719 $23,171 annually for this improvement for a period of 3 years to be deposited in the Street Oversize Fund. PASSED AND ADOPTED THIS 6TH DAY OF AUGUST 2007. YES NO Haugen X Haugen Erickson X Erickson Hedberg X Hedbera LeMair X LeMair Millar X Millar Frank B www.cityofpriorlake.com Phone 952.447.9800 I Fax 952.447.4245