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RESOLUTION NO. <br /> STATE OF MINNESOTA <br /> COUNTY OF RAMSEY <br /> CITY OF NEW BRIGHTON <br /> RESOLUTION REQUESTING AN ADVANCE FROM THE MUNICIPAL STATE AID STREET <br /> FUND FOR CALENDAR YEAR 2011. <br /> WHEREAS, the City of New Brighton is planning to implement Municipal State Aid Street <br /> Projects in 2011 which will require State Aid funds in excess of those available in its State Aid <br /> Construction Account, and; <br /> WHEREAS, the City is prepared to proceed with the construction of said projects through the use <br /> of an advance from the Municipal State Aid Street Fund to supplement the available funds in their <br /> State Aid Construction Account, and; <br /> WHEREAS, repayment of the funds so advanced will be made in accordance with the provisions <br /> of Minnesota Statutes 162.14, Subd. 6 and Minnesota Rules, Chapter 8820.1500, Subp. 10b,and; <br /> WHEREAS, the City acknowledges advance funds are released on a first-come-first-serve basis <br /> and 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 /> requested to approve this advance for financing approved Municipal State Aid Street Projects of the <br /> City of New Brighton in an amount up to $800,000. The City of New Brighton authorizes <br /> repayments from subsequent accruals to the Municipal State Aid Street Construction Account from <br /> entire future year's allocations until fully repaid. <br /> Adopted by the City Council of New Brighton,Minnesota this 9th day of August 2011. <br /> Dave Jacobsen,Mayor <br /> ATTEST: <br /> Dean R.Lotter, City Manager <br /> Daniel A. Maiers <br /> Director of Finance and Support Services <br /> (Seal) <br />