HomeMy WebLinkAboutResolution 2001-25 - Advancing MSA Funds for Road Project City of Corcoran
County of Hennepin
State of Minnesota
RESOLUTION NO. 2001 - 25
MOTION BY MEMBER: Gmach
SECONDED BY MEMBER: Gageby
WHEREAS, the City of Corcoran is planning on implementing Municipal State Aid Street Project in
2001 which will require State Aid funds in excess of those available in its State Aid Construction
Account, and
WHEREAS, said city is prepared to proceed with the construction of said project through the use of
advance encumbrances from the general State Aid Construction Account to supplement the available
funds in their State Aid Construction Account; and
WHEREAS, repayment of the funds so advanced will be will be made in accordance with the
provisions of Minnesota Statutes 162.08, Subdivision 7 and Minnesota Rules, Chapter 8820.
NOW THEREFORE, BE IT RESOLVED, that the Commissioner of Transportation be and is hereby
requested to approve this advance for financing approved Municipal State Aid Street Project of the
City of Corcoran in an amount up to $160,000.00 in accordance with Minnesota Rules 8820.1500
Subparagraph 9, and to authorize repayments from the following year's accruals to the Municipal State
Aid Street fund for said City.
Adopted by the City Council this 12th day of April 2001.
VOTING AYE VOTING NAY
X Bucher,John Bucher, John —
x Gageby, David Gageby, David —
x Gmach, George Gmach, George —
Absent` Guenthner, Ken Guenthner, Ken —
X Thomas, Ron Thomas, Ron —
Whereupon, said Resolution is hereby declared passed
J i •n Bucher, Acting Mayor
ATTE T:
Sus.n Vergin, CMC, t."y Clerk City Sea!
E:ICityHalACffce97120001Word\Resolutions 20011Res.No.2001-25 MSA Funds.doc