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<br />. <br /> <br />. <br /> <br />. <br /> <br />Item 5.10. <br /> <br /> <br />I~ <br /> <br />Howard R. Green Company <br />CONSULTING ENGINEERS <br /> <br />CONSULTING ENGlNEEBS <br /> <br />Formerly MSA <br />Consulting Engineers <br /> <br />December 30, 1998 <br />File: 230353M-0325 <br /> <br />Mr. Patrick Klaers <br />City Administrator <br />City of Elk River <br />13065 Orono Parkway <br />P.O. Box 490 <br />Elk River, MN 55330-0490 <br /> <br />RE: MUNICIPAL STATE AID ADVANCE FUNDING <br /> <br />Dear Mr. Klaers: <br /> <br />As has been done twice in the past, I am recommending that the City Council consider adopting <br />the attached Resolution which asks for a $500,000.00 advance from the general fund of the <br />Municipal State Aid Account. As you are aware, we have several projects that will be <br />undertaken in 1999 that far exceed the City's annual allotment. These include the upgrade of <br />School Street, the signalization of Trunk Highway 10 and 171s1 Avenue, and land acquisition <br />along the Tyler Street alignment. Adopting the attached Resolution will put the Municipal State <br />Aid Office on notice that the City is going to request advance funding from the general account. <br />As these projects are reviewed by State Aid, we will submit a second application that specifically <br />lists the projects in question. At that time, the Office of State Aid will advance the money into <br />the City of Elk River's Construction fund. This will make it available to the City in 1999 <br />whenever the projects listed above proceed. The advance is repaid from future year's <br />allotments. There is no interest charge or any other cost to the City for this advance. <br /> <br />If you have any questions regarding this issue,please contact me. <br /> <br />Sincerely, <br /> <br />HOWARD R GREEN COMPANY <br /> <br />~J)J/aeaW <br /> <br />Terry J. lV1aurer, P.E. <br /> <br />Attachment <br /> <br />o.lproj.l353M-3001.dec <br />1326 Energy Park Drive. St. Paul, MN 55108 . 612/644-4389 fax 612/644-9446 toll free 888/368-4389 <br />