HomeMy WebLinkAbout00-155 - ADMIN Resolution - City Council - 2000/12/18RESOLUTION NO. 00-155
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 $145,000 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.
Reviewed for Administration
Attest.
C ' Clerk
Adpptad by the City Council December 18, 2000
Mayor 6
l
r 0 (A