HomeMy WebLinkAbout4.n. Approve Payment to ISD 196 - Shannon Park Development f: '�. . � . � .. . . . .. .. . . . . . . . , .. . ..
EXECUTIVE SUMMARY FOR ACTTON
CITY COUNCIL MEETING DATE: November 20, 1990
AGENDA ITEM: Approve payment to ISD 196 - AGENDA SECTIONt
Shannon Park Development Gonsent Agenda
PREPARED BY: AGENDA ��TE� � �
Dean Johnson, Community Development Director
ATTACHMENTS: APPRO Y:
November l, 1990 Memorandum; Invoice;
The City Council and ISD 196 School Board previous adopted a
joint powers agreement, which encouraged and authorized t2�e joint
development of the Shannon Park/School project. A special fund
was established by the City to cover municipal expenses in the
park development. A majority of city expenditures were approved
as part of the district's construction contract. The balanee of
expenses were directly incurred by the City. Attached is a
summary of project expenses, as outlined in the City
Administrator's November l, 1990 memorandum. This illustration
identifies the total expenditures and amount due to the school
district. Also attached is an invoiee from the district, which
is consistent with the cost summary.
RECONII�lENDED ACTION:
Motion to approve final payment to ISD 196, for Shannon Park
development costs .
COUNCIL ACTION:
Approved.
T0: Mayor Napper
Council Members Klassen, Oxborough, Willcox, Wippermann
FROM: Stephan Jilk, City Administrator ,���
DATE: November 1, 1990 ,'
RE: Shannon Park Project Funding
In the fall of 1988, the School District announced plans to acquire a site
in Rosemount for the construction of an elementary school and possible a
middle school in joint develapment.
The Mullery site was a 40 acre site which is now being platted for
executive style homes. It abuts Apple Valley and lies south of CR 38:
With that announcement came considerable controversy because the City of
Rosemount did not have utilities to the site and property owners adjacent
to the site opposed the potential degradation of the site for school uses.
City staff worked clasely with the School District to locate another site
that fit the Districts criteria. Please refer to the memo of June 12, 1990
attached which outlined in detail the joint development process for the
school and park.
The purpose of this memo is to recommend the closing out of the special
fund which was set up for the development of the project and to indieate
the items yet to be campleted and the funding source for them.
l. Per the "Expenditure Summary" provided in the June 12, 1990 memo a
breakdawn of potential revenue and expenditures was provided. This
"Expenditure Summary" did not show the potential remaining "Capital
Expenditure" for full completion of the Park. those items are listed
in the report. Those items are in future CIP budgets for funding.
2 . As of October 31, 1990, after completing the items shown on the
expenditure summary the account has a balance of $115, 392 .20 plus a
small amount of accrued interest on that balance for a 30 day period.
3 . The City has an outstanding bill to the School District of $82,206 for
work done under their contract on the city' s park portion of the
project. (See ISD 196 Construction Contract Data) . '
4 . To complete the playing fields to a point where they are useable in
the summer of 1991 an additional $25, 530 is needed for feneing,
backstops, bleachers, water fountain, etc.
5. The City is still holding a position of the contract for the
irrigation system, until it is finialed out, in an amount of $2 , 993 .
6. Leaving a balanee of apprcximately $4 , 600.
. , �, � �
Shannon Park Special Fund
Nov. 1, 1990
Page 2
7. A summary then would be:
BALANCE 10-31-90 $115, 392 .20
A. Owed to ISD 196 -82,206. 00
B. Funding to complete fields -25,530. 00
C. Retainage on Irrigation Ctr. - 2 ,993. 00
BALANCE NOW $ 4,600.00
8. It is my recommendation to accept the summary listed here, authorize
the additional expenditure of A,B,C and transfer the remaining balance
into the General Fund after those items are completed.
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. Original
INVOICE
INDEPENDENT SCHOOL DISTRICT 196
14445 DIAMOND PATH
ROSEMOUNT , MN 55068
ATTN . ACCOUNTS REGEIVABLE
Invoice No. 034 Date: 11/12/90
Bil1 To: Dean Johnson
City of Rosemount
2875 145th Street West
Rosemount, Minnesota 55058
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Hrs. � Description , Unit Total .
I Price ( Price
City of Rosemount costs for park development 134,706.D0 134,706.00
School District costs for purchase of
3.5 acres of land 52,500.00 52,500.00
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Please include invoice number on your � Total � 82,206.00
check when making payment. Thank you. due