HomeMy WebLinkAbout23-009 Authorize State Aid Advance Request
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 23-09
A RESOLUTION REQUESTING AN ADVANCE OF MUNICIPAL STATE AID FUNDS
Motion By: Burkart Second By: Lake
WHEREAS, the City of Prior Lake Fish Point Road Phase 2 and Phase 3 projects (SAP
201-105-009) will require State Aid funds in excess of those currently available
in its State Aid Construction Account; and
WHEREAS, the City of Prior Lake is prepared to proceed with the construction of said
project(s) through the use of an advance from the Municipal State Aid Street
Fund to supplement the available funds in its State Aid Construction Account;
and
WHEREAS, the advance amount is based on the following determination of estimated
expenditures:
FUNDING SOURCE PHASE 2 PHASE 3
Tax Levy $183,000 $250,000
Assessment $440,500 $0
Utility Fund - Sewer $330,000 $0
Utility Fund - Water $581,500 $0
Water Quality Fund $0 $0
State Aid $4,463,000 $0
MnDOT Participation $0 $250,000
Total $5,998,000 $500,000
and,
WHEREAS, repayment of the funds so advanced will be made in accordance with the
provisions of Minnesota Statutes 162.14, Subd. 6 and Minnesota Rules,
Chapter 8820.1500, Subp. 10b; and
WHEREAS, the City of Prior Lake acknowledges advance funds are released on a first-
come-first-served basis and this resolution does not guarantee the availability
of funds.
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. That the Commissioner of Transportation be and is hereby requested to approve this
advance for financing approved Municipal State Aid Street Project(s) of the Municipality of
Prior Lake in an amount up to $3,500,000. I hereby authorize repayments from subsequent
accruals to the Municipal State Aid Street Construction Account of said Municipality from
future year allocations until fully repaid.
M:\City Clerk\City Council\Resolutions\2023\23-09 Authorize State Aid Advance Request.docx 2
Passed and adopted by the Prior Lake City Council this 18th day of January 2023.
VOTE Briggs Braid Burkart Churchill Lake
Aye ☒ ☐ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☒ ☐ ☐ ☐
______________________________
Jason Wedel, City Manager
I HEREBY CERTIFY that the above is a true and correct copy of a resolution presented to and
adopted by the Municipality of Prior Lake, County of Scott, State of Minnesota, at a duly
authorized Municipal Council Meeting held in the Municipality of Prior Lake, Minnesota on the
18th day of January 2023, as disclosed by the records of said Municipality on file and of record
in the office.
Municipality of Prior Lake _____________________________
Municipal Clerk