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<br /> <br />M~ <br /> <br />CtlNSlU1WG ErlGI~1lEIIS <br /> <br />CiVIl ENGJNEalNG <br /> <br />f~N'RONM(NrAI <br /> <br />MUNICIPAl <br /> <br />PMNNtNG <br /> <br />..~UC1URA( <br /> <br />SU~VfY'Nr, <br /> <br />rRAFflC <br /> <br />TRAN5f'ORTA flON <br /> <br />1326 En.'9)' Pork Dri.,. <br />St. Paul, MN 5510ll <br />612-644-m9 <br />Fox: 6' 2-644-9446 <br /> <br />. <br />9800 Sh.lord Parkway <br />Minneopoli., MN 55441 <br />612-546-0432 <br />Fox:612-544-6398 <br /> <br />AGENDA ITEM 5.4. <br /> <br />July 14, 1994 <br />File: 230-216-30 <br /> <br />Ms. Lori Johnson <br />Finance Director <br />City of Elk River <br />13065 Orono Parkway <br />P.O. Box 490 <br />Elk River, MN 55330 <br /> <br />RE: SCHOOL STREET MSA FUNDING <br /> <br />Dear Ms. Johnson: <br /> <br />As you are aware, it is the City's intent to utilize Municipal State Aid funding to the <br />maximum extent possible for the current project underway on School Street and the Trunk <br />Highway 169 improvements. We have calculated the amount of this project which is <br />fundable with Municipal State Aid dollars and find that it exceeds the current amount <br />available in the City's account. Therefore, in order to use future years' allotments for this <br />year's projects, the City Council will need to adopt an advance encumbrance resolution. <br />This allows us to essentially borrow future years' allotments for this year's project. The City <br />will need to do the financing in the interim. In future years when the Municipal State Aid <br />funds become available, they will be forwarded to the City for the 1994 improvement <br />project. <br /> <br />Attached please find a copy of an advance encumbrance resolution in the Municipal State Aid <br />format. Please put this on the next available agenda for City Council consideration. Once <br />approved, we will submit the entire package to the Office of State Aid. You can expect the <br />first installment of funding for this project approximately four to six weeks after that. <br /> <br />If you have any questions regarding this information, please call. <br /> <br />Sincerely, <br /> <br />MSA, CONSULTING ENGINEERS <br /> <br /> <br />TJM:tw <br />Enclosure <br />216-1401.jul <br />