HomeMy WebLinkAbout98-33 - ADMIN Resolution - City Council - 1998/02/02RESOLUTION NO. 98 ® 3 3
RESOLUTION REQUESTING ADVANCEMENT OF
MUNICIPAL STATE AID FUNDS
FOR MUNICIPAL STATE AID STREET PROJECTS
WHEREAS, the City of St. Louis Park has designed and constructed approved Municipal State Aid
Street Projects in 1995 through 1997 which will require State Aid Funds in excess of those available in its State
Aid Construction Account; and
WHEREAS, said City previously planned to proceed with the construction of said project(s) through
the use of advance encumbrances from the general State Aid Construction Account to supplement the available
funds in its State Aid Construction Account; and
WHEREAS, repayment of the funds so advanced will be made in accordance with the provisions of
Minnesota Statutes 162.14, Subdivision 6 and Minnesota Rules, Chapter 8820.
NOW, THEREFORE, BE IT RESOLVED that the Commission of Transportation be and is hereby
requested to approve this advance for fmancing approved Municipal State Aid Street Projects of the City of St.
ouis Park in an amount of $700,000 in accordance with Minnesota Rules 8820.1500, Subparagraph 9, and to
authorize repayments from the following year's accruals to the Construction Account of the Municipal State
Aid Street fund for said City.
Adopted by the City Council February 2, 1998
Attest:
Reviewed for administration: