HomeMy WebLinkAbout99-158 - ADMIN Resolution - City Council - 1999/12/20r
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RESOLUTION NO. 99-158
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 financing approved
Municipal State Aid Street Projects of the City of St Louis Park in an amount of
$720,000 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
Attest
C Clerk
Reviewed for Administration
Adopted by the C
Council December 20, 1999
May