HomeMy WebLinkAbout07-147 Cost Share CR 21 Improvements
4646 Dakota Street S.E.
Prior Lake, MN 55372-1714
RESOLUTION 07-147
A RESOLUTION APPROVING THE CONSTRUCTION COST PARTICIPATION WITH SCOTT
COUNTY FOR THE RECONSTRUCTION OF CR 21
Motion By: Millar
Second By: LeMair
WHEREAS On March 19, 2007 the City Council approved the Cooperative Agreement with Scott
County for this project; and
WHEREAS, Scott County has received bids and invoiced the City for our share of the project; and
WHEREAS, The Cit of Prior Lake's street and utilit costs share is allocated as follows:
Ci Street & Utilit Costs
Road & Storm Sewer Construction* $1,375,696
Uti lit Construction** $549,127
Cit Bond Financin Costs $40,960
Cit En ineerin IAdministration*** $118,000
Total Cit Cost* $2,083,783.00
*Includes 18% County design and administration cost
**Includes 3% County administration cost
***22% of Utility Cost only
The
ro'ect are as follows:
$1,400,000
$50,000
$48,823
$215,960
$369,000
$2,083,783.00
; and
WHEREAS, The City of Prior Lake shall reimburse Scott County $1,924,823.00 for the CR 21
project as estimated above. This amount excludes the City's Bonding and Engineering
costs of $40,960 and $118,000 respectively.
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 City shall reimburse Scott County $1,924,823 for the CR 21 Project. The funding sources for
this reimbursement shall be as follows:
o Construction Account # 501-48360-501 ($1,342,000) - Reconstruction Bonds
o Construction Account # 501-48360-501 ($50,000) - Municipal State Aid
o Trunk Reserve Account # 502-50035-517 ($48,823)
o Trunk Reserve Account # 502-50035-518 ($187,000)
1:\COUNCIL\RESOlUTI\Englneering - Public Works\2007\07-147 Cost Share CR 12 Improvements. doc
www.cityofpriorlake.com
Phone 952.447.9800 / Fax 952.447.4245
o Utility Fund Account # 601-49450-530 ($297,000)
3. The City shall appropriate $118,000 for reimbursement of City Engineering and Administration
costs. The funding allocation shall be as follows:
o Trunk Reserve Account # 502-50035-518 ($46,000)
o Utility Fund Account # 601-49450-530 ($72,000)
4. City financing costs of an estimated $40,960 shall be expensed as follows:
o Construction Fund Acct # 501-48360-507
PASSED AND ADOPTED THIS 6th DAY OF AUGUST 2007.
Hauoen X Hauaen
Erickson X Erickson
Hedbero X Hedbera
LeMair X LeMair
Millar X Millar
YES
NO
Frank
1:\COUNCILIRESOLUTI\Englneerlng - Public Works12007107-147 Cost Share CR 12 Improvements.doc