RESO 25-008 - Approving a Budget Adjustment for the 2025 Capital Improvement PlanRESOLUTION NO. 25-008
RESOLUTION APPROVING AN AMENDMENT TO THE 2025 CAPITAL PLAN AND
INCREASING THE EXPENSE BUDGET IN THE UTILITY ENTERPRISE FUND
WHEREAS, the City Council adopted Resolution No. 24-073 at the December 3,
2024 Council Meeting adopting the 2025-2034 Capital Improvement Program; and
WHEREAS, the Minnesota Department of Transportation is planning a shared use
trail project near Highway 55 requiring the City to relocate a watermain adjacent to that
project; and
WHEREAS, the funding for this project will come from the Utility Enterprise Fund,
which has sufficient capacity to pay for the project out of existing resources .
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Golden
Valley approves an amendment to the 2025 Capital Improvement Plan and an increase to
the expense budget in the Utility Enterprise Fund in the amount of $750,000.
Adopted by the City Council of Golden Valley, Minnesota this 4th day of February 2025.
Roslyn Harmon, Mayor
ATTEST:
Theresa J. Schyma, City Clerk
Docusign Envelope ID: 4199D760-D404-4745-B3C2-75FEF97C5119