Laserfiche WebLink
RESOLUTION 96 - 5__5 <br /> <br />A RESOLUTION FOR TilE CiTY OF ELK RIVER <br /> <br />WHEREAS, <br /> <br />the City of Elk River is planning on implementing Municipal State Aid Street <br />project(s) in 1996 which will require State Aid funds in excess of those available <br />in its State Aid Construction Account, and <br /> <br />WHEREAS, <br /> <br />the City is prepared to proceed with the construction of said project(s) through the <br />use of advance encumbrances from the general State Aid Construction Account to <br />supplement the available funds in their State Aid Construction Account, and <br /> <br />WHEREAS, repayment of the funds so advanced will be made in accordance with the provisions <br /> of Minnesota Statutes 162.14, Subdivision 6, and Minnesota Rules, Chapter 8820. <br /> <br />NOW, THEREFORE, BE IT RESOLVED that the Commissioner of Transportation be and is <br />hereby requested to approve this advance for financing approved Municipal State Aid Street <br />Projects of the City of Elk River in an amount up to $500,000 in accordance with Mim~esota <br />Rules 8820.1500, Subparagraph 10b, and to authorize repayments from the following year's <br />accruals to the Construction Account of the Municipal State Aid Street fund for said City. <br /> <br />I HEREBY CERTIFY that the above is a true and correct copy of a resolution presented to and <br />adopted by the City of Elk River, County of Sherburne, State of Minnesota, at a duly authorized <br />meeting thereof held in the City of Elk River, Minnesota, on the 29th day of July, 1996, as <br />disclosed by the records of said City on file and of record in the office. <br /> <br />Sandra A. Thackeray, City Clery <br /> <br />City of Elk River <br /> <br />(Seal) <br /> <br />230/313-2907.jul <br /> <br /> <br />