HomeMy WebLinkAbout2022-021 (Transfer of $230,820 from the Recreation Center Special Revenue Fund to the Capital Projects Fund as Final Reconciliation of St. Croix Valley Recreation Center Dome Replacement Project)City of Stillwater
Washington County, Minnesota
RESOLUTION 2022-021
RESOLUTION AUTHORIZING A TRANSFER OF $230,820 FROM THE RECREATION
CENTER SPECIAL REVENUE FUND TO THE CAPITAL PROJECTS FUND AS FINAL
RECONCILIATION OF THE ST. CROIX VALLEY RECREATION CENTER DOME
REPLACEMENT PROJECT
WHEREAS, the City Council authorized contracts for a Dome Replacement Project at
the St. Croix Valley Recreation Center in 2019, including replacement of Dome Structure and
Athletic Turf and ancillary facilities with a project budget of $5,285,000; and
WHEREAS, major funding sources included Rec Center Fund Balance, user pledges,
City general obligation bonding proceeds and other funds; and
WHEREAS, the project was deemed substantially complete during the summer of
2020, with punch list items completed over the next twelve months; and
WHEREAS, during the course of the project, unforeseen onsite conditions, and owner
requested change orders led to the overall project cost exceeding the original budget by
$230,820, as verified by the City Finance Department project reconciliation; and
WHEREAS, in order to provide final reconciliation of the Dome Replacement project,
the City should transfer $230,820 from the Rec Center Special Revenue Fund to the Capital
Projects Fund.
THEREFORE, BE IT RESOLVED, that the City Council of Stillwater, Minnesota, hereby
authorizes a transfer of $230,820 from the Recreation Center Special Revenue Fund to the
Capital Projects Fund for fiscal year 2021 as final reconciliation of the St. Croix Valley
Recreation Center Dome Replacement Project.
Adopted by the Stillwater City Council this 15th day of February, 2022.
Ted Kozlowski, Mayor
ATTE T:
Beth Wolf, City Cl