HomeMy WebLinkAboutResolution No. 2011-029 Requesting Advance from MSA Funds for Calendar Year 2011 wg1NA, RESOLUTION NO. 2011-29
ok @ REQUESTING AN ADVANCE FROM THE MUNICIPAL
N 4 o STATE AID STREET FUND FOR CALENDAR YEAR 2011
moo ' ay FOR THE CITY OF EDINA, MINNESOTA
WHEREAS,the City is planning to implement Municipal State Aid Street Project for Road Segment 120-
140, 120-164, 120-177, 120-159, 120-137, and 120-170, in 2011 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 120-140, 120-164, 120-177, 120-159,
120-137, and 120-170, of the City of Edina in an amount up to $1,998,600. 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 1St da of February, 2011, by a vote of
Ayes and 0 Nays.
Dated: Febr ry 1, 2011
Attest.
Debra A. Mangen, Ctfy Oerk \ James B. Hovl nd, ay ---_
STATE OF MINNESOTA ) v
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 February 1, 2011,
and as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of 20_
City Clerk
City Hall 952-927-8861
4 1 WET 50T STREET FAX 952-826-0390
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