01-9051r
83
RESOLUTION NO. 9051
RESOLUTION AUTHORIZING ADVANCE ENCUMBRANCE
OF MUNICIPAL STATE AID FUNDS
WHEREAS, the City of Richfield has obtained the Commissioner's approval of
the plans for the following Municipal State Aid Projects:
S.AP No. 157-361-23
Located on 76th Street from 800 ft West of Penn Avenue to West Approach Panel of
Bridge 9796 (1-35W) consisting of Grading, Aggregate Base, Bituminous and Concrete
Pavement, Concrete Curb and Gutter, Storm Sewer, Sanitary Sewer Forcemain and
Watermain
S.AP No. 157-020-21
Located on Penn Avenue from 600 ft South of 76th Street to 600 ft North of 76th Street
consisting of Grading, Aggregate Base, Bituminous and Concrete Pavement, Concrete
Curb and Gutter, Storm Sewer, Sanitary Sewer Forcemain and Watermain
S.AP No. 157-010-04
Located on 1-35W SB Exit Ramp from 76th Street to 550 ft North of 76th Street
consisting of Grading, Aggregate Base, Bituminous and Concrete Pavement, Concrete
Curb and Gutter, Storm Sewer, Sanitary Sewer Forcemain and Watermain; and
WHEREAS, the City of Richfield is planning on implementing the said Municipal
State Aid Street Projects in 2001 which will require State Aid funds in excess of those
available in its State Aid Construction Account; and
WHEREAS, the City of Richfield is prepared to proceed with the construction of
said projects 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 made in accordance
with the provisions of Minnesota Statutes 162.14, Subdivision 6 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 on the
approved Municipal State Aid Street Projects of the City of Richfield in an amount up to
$774,874.00 in accordance with Minnesota Rules 8820.1500, Subparagraph 9, and to
authorize repayments from the following year's accruals to the Construction Account of
the Municipal State Aid Street fund for said City.
Adopted by the City Council of the City of Richfield, Minnesota this 11th day of June,
2001. . JU
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artln J. Irs , ayor
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Nancy Gib ,City Clerk