Laserfiche WebLink
RESOLUTION NO. <br />07-023 <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRICiIiTON <br />UTION REQUESTING AN ADVANCE FROM THE MUNICIPAL STATE AID STREET <br />FUND FOR CALENDAR YEAR 2007. <br />WHEREAS, the City of New Brighton is planning to implement Municipal State Aid Street <br />ejects in 2007 which will require State Aid funds in excess of those available in its State Aid <br />instruction Account, and; <br />WHEREAS, the City is prepared to proceed with the construction of said projects through the use <br />an advance from the Municipal State Aid Street Fund to supplement the available funds in their <br />ate Aid Construction Account, and; <br />WHEREAS, repayment of the funds so advanced will be made in accordance with the provisions <br />Minnesota Statutes 162.14, Subd. 6 and Minnesota Rules, Chapter 8820.1500, Subp. l Ob, and; <br />WHEREAS, the City acknowledges advance funds are released on afirst-came-first-serve basis <br />d this resolution does not guarantee the availability of funds. <br />NOW, THEREFORE, Be It Resolved: That the Commissioner of Transportation be and is hereby <br />guested to approve this advance for financing approved Municipal State Aid Street Projects of the <br />ty of New Brighton in an amount up to $500,000. The City of New Brighton authorizes <br />payments from subsequent accruals to the Municipal State Aid Street Construction Account from <br />tire future year's allocations until fully repaid. <br />by the City Council of New Brighton, Minnesota this 10th day of Apri12007. <br />TTEST: <br />~~~~.~~~r•~ <br />i~I A;~iaiers. v - - <br />;,~or of anc,~~and Support Services <br />` - <br />(Seal). . ` <br />Steve Larson, Mayor <br />