HomeMy WebLinkAbout98-012 CITY OF LAKEVILLE
DATE: February 2, 1998 RESOLUTION NO: 98-12
MOTION BY: Mulvihill SECONDED BY: Holberg
RESOLUTION REQUESTING ADVANCE ENCUMBRANCE OF
MUNICIPAL STATE AID FUNDS
CITY OF LAKEVILLE IMPROVEMENT PROJECTS
WHEREAS, the City of Lakeville has implemented Municipal State Aid Street Project
188-122-03 in 1995 which requires State Aid funds in excess of those available in its State Aid
Construction Account, and
WHEREAS, said city has proceeded with the construction of said project through the use
of temporary financing and is now requesting advance encumbrances from the general State Aid
Construction Account to supplement the available funds in their State Aid Construction Account,
and
WHEREAS, 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: That the Commissioner of Transportation
be and is hereby requested to approve this advance for financing approved Municipal State Aid
Street Project of the City of Lakeville in an amount up to $1,290,224 in accordance with
Minnesota Rules 8820.1500, Subparagraph 9, and to authorize repayments from the following
year's accruals to the Construction Account of the Municipal State Aid Street fund for said city.
DATED this 2nd day of February, 1998.
CITY OF LAKEVILLE
By:
D ane Zaun, May r
'TTEST:
• Charlene Friedges, City Cl c