HomeMy WebLinkAbout96-020 CITY OF LAKEVILLE
DATE• February 20, 1996 RESOLUTIONNO• 96-20
MOTION BY: Mulvihill SECONDED BY: Johnson
RESOLUTION AUTHORIZING ADVANCE ENCUMBRANCE OF
MUNICIPAL STATE AID FUNDS
CITY OF LAKEVILLE IMPROVEMENT PROJECTS
WHEREAS, the City of Lakeville is planning on implementing Municipal State Aid
Street Project (s) in 1996 which will require State Aid Funds in excess of those available in its
State Aid Construction Account; and
WHEREAS, said City is prepared to proceed with the construction of said project(s)
through the use of 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 hereby is requested to approve this advance for financing approved Municipal State Aid
Street Projects of the City of Lakeville in an amount up to $1,319,952 in accordance with
Minnesota Rules 8820.1500, Subparagraph 9, and to authorize repayments from the following
year's accrual to the Construction Account of the Municipal State Aid Street fund for said City.
DATED this 20th day of February, 1996.
CITY OF LAKEVILLE
By:
Duane Zaun, M r
~rTTEST:
11(x` ' ,
Charlene Friedges, City Jerk
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