HomeMy WebLinkAbout13-103 State Aid Advance/� PRlp\
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4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 13 -xxx
A RESOLUTION REQUESTING THE ADVANCEMENT OF MUNICIPAL STATE AID FUNDS
Motion By: Morton
Second By: Souku
WHEREAS, The City of Prior Lake is implementing Municipal State Aid Street Projects in 2013 which
will require State Aid funds in excess of those available in its State Aid Construction
Account; and
WHEREAS, The City of Prior Lake is prepared to proceed with the construction of said projects
through the use of advance of encumbrances from the general State Aid Construction
Account to supplement the available funds in their State Aid Construction Account; and
WHEREAS, Repayment of funds so advanced will be made in accordance with the provisions of
Minnesota Statutes 162.14, Subdivision 6 and Minnesota Rules Chapter 8820.
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
2. The Commissioner of Transportation is hereby requested to approve this advance for financing
approved Municipal State Aid Street Projects of the City of Prior Lake up to an amount of $1,250,000.00
in accordance with State Aid Rules.
3. Repayments from the 2014 accrual to the Municipal State Aid Street Construction Account of the City of
Prior Lake is hereby authorized.
PASSED AND ADOPTED THIS 12th DAY OF AUGUST 2013.
YES
NO
Hedberg
X
Hedberg
Keeney
X
Keeney
McGuire
X
McGuire
Morton
X
Morton
Soukup
X
Soukup
Frank 6o s, City Manager
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