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<br />determine how much State Aid funds are used for other projects. It is possible that that request <br />will be funded later in 2007). <br /> <br />In preceding years our State Aid allotment should amount to approximately $800,000 in <br />construction costs. After an estimated $200,000 repayment for the TH 169 Study advance, this <br />would leave $600,000 for continued land acquisition and/ or construction funding. Another <br />financing method would be to sell MSA bonds pledging future allotments for bond repayments. <br />This is allowed by MSA rules. We also have a $996,000 SAFETEA-LU Grant for the <br />construction of the improvements. <br /> <br />Attachments <br />. Resolution to Initiate Eminent Domain <br />. Resolution to Authorize the Preparation of the Project Memorandum and Plans and <br />Specifications <br /> <br />Action Requested <br />After the public hearing, the City Council is requested to discuss and take action on the eminent <br />domain resolution. If the Eminent Domain Resolution is adopted, the Council is then requested <br />to discuss and take action on the Resolution Authorizing the Preparation of the Project <br />Memorandum and Plans and Specifications. <br /> <br />Council Action <br /> <br />Motion by _ <br /> <br />Second by _ <br /> <br />Vote <br /> <br />Follow Up <br /> <br />C:\Documents and Settings\tallard\Local Settings\Temporary Internet Files\OLKF\Elk River Maurer Document (2).doc <br />