HomeMy WebLinkAbout4702 - ADMIN Resolution - City Council - 1972/12/18RESOLUTION NO.
4702
DECEMBER 18, 1972
7D
RESOLUTION REQUESTING MAXIMUM ALLOTMENT FOR GENERAL
MAINTENANCE ON STATE AID STREET SYSTEM AND REQUESTING
THE STATE OF MINNESOTA TO TRANSFER FUNDS PURSUANT TO
CHAPTER 443 SESSION LAWS OF MINNESOTA 1965
WHEREAS, the cost of maintaining the Municipal State Aid Street System
in St. Louis Park, Minnesota has exceeded the present state aid maintenance
apportionment of $1,500.00 per mile of improved municipal state aid
streets, and
WHEREAS, the City needs additional funds to satisfactorily maintain
the Municipal State Aid System in St. Louis Park, and
WHEREAS, Section 5-801.7 of the Highway Regulations of the State of
Minnesota, Department of Highways, provides for a maximum of twenty-five
(25) percent of the total annual apportionment to be used for maintenance,
and
WHEREAS, the City of St. Louis Park has advanced to the State of
Minnesota certain monies for the construction of Trunk Highway 169
located on Excelsior Boulevard in the City of St. Louis Park, under
Agreement No. 54867-M, and
WHEREAS, in Article XVI, Section 8 of the Minnesota Constitution
and Chapter 443, Session Laws of Minnesota for 1965 the City is permitted
to have the highway user funds allotted to the Municipal State Aid Street
Construction Fund transferred to its Municipal State Aid Street Maintenance
Fund for the payment of interest on bonds issued by said City, and
WHEREAS, the City may subsequently be required to issue bonds to pay
for the advance given to the State and existing City accounts will be
required to bear interest costs for such bonds, therefore
BE IT RESOLVED by the City Council of the City of St. Louis Park that
an annual apportionment to St. Louis Park, Minnesota of $50,000 be
requested for maintenance of the Municipal State Aid Street System for
1973, and that the City desires to have the Commissioner of Highways of
the State of Minnesota transfer $4,725 for the year 1973 which represents
4.57 of the unpaid balance of said advance made under said agreement from
the Municipal State Aid Construction Fund to the Municipal State Aid
Maintenance Fund.
Atte t:
eeeec
City Clerk
Reviewed, foo ,adnAnistration:
City Manager
Adopted by the City ��:�mber1�
Mayor
Approved as to form and legality:
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CitytAy