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RESOLUTION 99 - 20 <br /> <br />A RESOLUTION FOR THE CITY OF ELK RIVER <br /> <br />A RESOLUTION AMENDING RESOLUTION 99-4 REQUESTING <br /> ADVANCE MUNICIPAL STATE AID FUNDING <br /> <br />WHEREAS, <br /> <br />the City of Elk River is planning on implementing Municipal <br />State Aid Street Projects in 1999 which will require State Aid <br />funds in excess of those available in its State Aid Construction <br />Account; and, <br /> <br />WHEREAS, <br /> <br />said city is prepared to proceed with the construction of said <br />projects through the use of advance encumbrances from the <br />general State Aid Construction Account to supplement the <br />available funds in their State Aid Construction to supplement <br />the available funds in their State Aid Construction Account; <br />and, <br /> <br />WHEREAS, <br /> <br />repayment of the funds so advanced will be made in <br />accordance with the provisions of Minnesota Statutes 162.14, <br />Subdivision 6 and Minnesota Rules, Chapter 8820. <br /> <br />NOW, THEREFORE, BE IT RESOLVED, that the Commission of <br />Transportation be and is hereby requested to approve this advance for <br />financing approved Municipal State Aid Street Projects of the City of Elk River <br />in an amount up to $669,690 in accordance with Minnesota Rules 8820.1500, <br />Subparagraph 10b, and to authorize repayments from the following year's <br />accruals to the Construction Account of the Municipal State Aid Street fund <br />for said City. <br /> <br />Passed and adopted by the City Council of the City of Elk River this 22nd day <br />of February, 1999. <br /> <br />ATTEST: <br /> <br />Sandra A. Peine, City Clerk' <br /> <br />- SteI~hanie A. <br /> <br /> <br />