Laserfiche WebLink
<br />rll ---'\) <br />( ); <br />tli( <br /> <br /> <br />MEMORANDUM <br /> <br />** ITEM3.5.** <br /> <br />River <br /> <br />TO: <br /> <br />Mayor & City Council <br />Lori Johnson, Finance Director 'f\~ <br /> <br />September 20, 1999 <br /> <br />FROM: <br /> <br />DATE: <br /> <br />SUBJECT: Resolution of Application to the <br />Minnesota Public Facilities <br />Authority <br /> <br />The city received a Transportation Revolving Loan Fund loan for the Tyler <br />Street connection from highway 10 to the existing Tyler Street. In order to <br />process the final application, the attached resolution must be approved by the <br />City Council. This is a new program which provides loan funds at an interest <br />rate lower than the rate the city would receive on a city bond issue. <br /> <br />Action Requested <br /> <br />. <br /> <br />The Council is asked to approve the attached resolution applying for funds <br />from the Transportation Revolving Loan Fund. <br /> <br />. <br /> <br />13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330. TDD & Phone: (612) 441-7420. Fax: (612) 441-7425 <br />