HomeMy WebLinkAboutResolution No. 2012-082 Requesting Advance From MSA Street Fund For Calendar Year 2012 olk e ^ ��
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RESOLUTION NO. 2012-82
REQUESTING AN ADVANCE FROM THE MUNICIPAL
STATE AID STREET FUND FOR CALENDAR YEAR 2012
FOR THE CITY OF EDINA, MINNESOTA
WHEREAS,the City is planning to implement Municipal State Aid Street Project for Road Segment 120-
152-013 and 120-170-003 in 2012 which will require State Aid funds in excess of those available in its State Aid
Construction Account; and
WHEREAS, the City is prepared to proceed with the construction of said projects through the use of an
advance from the Municipal State Aid Street Fund; 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 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 THE CITY OF EDINA,
MINNESOTA that the Commissioner of Transportation is hereby being requested to approve this advance for
financing approved Municipal State Aid Street Project for Road Segments 120-152-013 and 120-170-003 of the
City of Edina in an amount up to $1,666,000. The City of Edina authorizes repayments from subsequent
accruals to the Municipal State Aid Street Construction Account from future year's allocations until fully repaid.
This resolution was adopted by the City Council of Edina on the 5th day of'4une, 2012, by a vote of J
Ayes and C) Nays.
Dated: June 5, 2012
Attest: 6t
Debra A. Mangen, Oity Q16rk __ `"" James B. HovI nd, Mayor
STATE OF MINNESOTA )
COUNTY OF HENNEPIN )SS
CITY OF EDINA )
CERTIFICATE OF CITY CLERK
I, the undersigned duly appointed and acting City Clerk for the City of Edina do hereby certify that the attached
and foregoing Resolution was duly adopted by the Edina City Council at its Regular Meeting of June 5, 2012,
and as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of 20_
City Clerk
ENGINEERING DEPARTMENT
7450 Metro Boulevard• Edina,Minnesota 55439
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