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11-077
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11/7/2018 1:31:35 PM
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8/17/2011 3:48:47 PM
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RESOLUTION NO. <br />11-077 <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br />RESOLUTION REQUESTING AN ADVANCE FROM THE MUNICIPAL STATE <br />FUND FOR CALENDAR YEAR 2011. <br />WHEREAS, the City of New Brighton is planning to implement Municipal State id Street <br />Projects in 2011 which will require State Aid funds in excess of those available in it State Aid <br />Construction Account, and; I , <br />WHEREAS, the City is prepared to proceed with the construction of said projects thro h the use <br />of an advance from the Municipal State Aid Street Fund to supplement the availables in their <br />State Aid Construction Account, and; if <br />WHEREAS, repayment of the funds so advanced will be made in accordance with th rovisi <br />of Minnesota Statutes 162.14, Subd. 6 and Minnesota Rules, Chapter 8820.1500, Subp. 100 and; <br />WHEREAS, the City acknowledges advance funds are released on a first-come-firstl rve basis <br />and this resolution does not guarantee the availability of funds. <br />NOW, THEREFORE, Be It Resolved: That the Commissioner of Transportation be an is hereby <br />requested to approve this advance for financing approved Municipal State Aid Street Pro' <br />cts of the <br />City of New Brighton in an amount up to $800,000. The City of New Brighton uthonzes <br />repayments from subsequent accruals to the Municipal State Aid Street Construction Ac unt from <br />entire future year's allocations until fully repaid. I <br />Adopted by the City Council of New Brighton, Minnesota this 9th day of August 2011. <br />Dave <br />ATTEST'.- <br />Daniel <br />TTEST.Daniel A. MOr�rs <br />Dire4or o%Finance gnd Support Services <br />(Seal) <br />R. Lotter, <br />Mayor <br />
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