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• <br />RESOLUTION NO. <br />07- <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 2007. <br />WHEREAS, the City of New Brighton is planning to implement Municipal State Aid Street <br />Projects in 2007 which will require State Aid funds in excess of those available in its State Aid <br />Construction Account, and; <br />WHEREAS, the Ciry 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 8$20.1500, Subp. 10b, and; <br />WHEREAS, the City acknowledges advance funds are released on afirst-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 $500,000. 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 10th day of April 2007. <br />Steve Larson, Mayor <br />ATTEST: <br />Daniel A. Maiers <br />Director of Finance and Support Services <br />Dean Lotter, City Manager <br />(Seal) <br />