HomeMy WebLinkAbout04-76
WHEREAS,
WHEREAS,
WHEREAS,
16200 Eagle Creek Avenue S.E.
Prior Lake, MN 55372-1714
RESOLUTION 04.76
RESOLUTION REQUESTING AN ADVANCE ENCUMBRANCE OF
MUNICIPAL STATE AID FUNDS
MOTION BY: LEMAIR
SECOND BY: ZIESKA
The City of Prior Lake is planning to implement Municipal State Aid Street Projects in
2004 which will require State Aid funds in excess of those available in its State Aid
Construction Account, and
The City of Prior Lake is prepared to proceed with the construction of said projects
through the uses of advance encumbrances from the general State Aid Construction
Account to supplement the available funds in their State Aid Construction Account,
and
Repayment of the 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 RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA that:
1. The recitals set forth above are incorporated herein.
2. The Commissioner of Transportation be and is hereby requested to approve this advance for
financing approved Municipal State Aid Street Projects of the City of Prior Lake in the amount of
$1,726,656 in accordance with Minnesota Rules 8820.1500, Subparagraph 10b.
3. Hereby authorizes repayments from entire future year allocations to the Municipal State Aid Street
Construction Account of the City of Prior Lake until fully repaid.
Passed and adopted this 19th day of April 2004.
YES
{Seal}
04-76
NO
HauQen X HauQen
BlomberQ X Blomberg
LeMair X LeMair
Petersen X Petersen
Zieska X Zieska
www.cityofpriorlake.com
Phone 952.447.4230 / Fax 952.447.4245