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RESOLUTION No. <br />14-092 <br />STATE of MINNESOTA <br />COUNTY of RAMSFY <br />CITY OF NF.w BRIGHTON <br />RESOLUTION RE-QUESTING AN ADVANCE FROM THE MUNICIPAL STATE AID STREET <br />FUND FOR CALENDAR YEAR 2015. <br />WHEREAS, the City of New Brighton is planning to implement Municipal State Aid Street <br />Projects in 2015 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. C 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 $1,040,000. 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 25th day of November 2014. <br />ATTEST: <br />Dave Jacobsen, Mayor <br />Dean R. Lotter, City Manager <br />"Terri Haarstad <br />City Clerk <br />(Seal) <br />