HomeMy WebLinkAbout04-001 DATE: January 5, 2004 RESOLUTION NO.: 04-1
MOTION BY: Luick SECONDED BY: Bellows
RESOLUTION AUTHORIZING ADVANCE ENCUMBRANCE OF
MUNICIPAL STATE AID FUNDS
WHEREAS, the City of Lakeville (188) is planning to implement Municipal State Aid
Street Project(s) in 2004 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 vuith 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 approved this advance for financing. approved Municipal State Aid
.Street Project(s) of the City of Lakeville (188) in an amount up to $4,000,000, in accordance with
Minnesota Rules 8820.1500, Subparagraph 10b. I hereby authorize repayments .from
subsequent accruals to the Municipal State Aid Street Construction Account of said City in
accordance with the schedule herein indicated:
Repayment from entire future year allocations until fully repaid.
APPROVED AND ADOPTED this 5th day of January, 2004.
CITY F AKEVILLE
BY:
Ro rt D. Johnson, Mayor
ATTE
Charlene Frie g s, City Clerk
CERTIFICATION
I hereby certify that the foregoing Resolution is a true and correct copy of a resolution presented
to and adopted by the Council of the City of Lakeville at a duly authorized meeting thereof held on the. Stn
day of January, 2004, as shown by the minutes of said meeting in my possession.
Charlene Friedges, City Clerk
(Seal)