01-9073r
5
RESOLUTION NO. 9073
RESOLUTION REQUESTING A VARIANCE FROM MUNICIPAL STATE AID RULES
WHEREAS, the City of Richfield proposes a Federal Aid project to reconstruct the
Penn Avenue interchange with Interstate 494, under SPs157-020-20, 27-632-22 and 2785-
328; and
WHEREAS, the project cost is estimated at $21,500,000 with $6,700,000 in a
Transportation Revolving Loan Fund (TRLF) loan; and
WHEREAS, State Aid Rule 8820.1500 Subp. 3 requires that 100 percent of the
local government share of the contract amounts must be deposited with the state-aid
agency before the contract is awarded; and
WHEREAS, this project cannot be let as a Delegated Contract Project because
Interstate 494 is on the National Highway System; and
WHEREAS, the Transportation Revolving Loan Fund does not allow withdrawal of
funds until costs have been incurred.
NOW, THEREFORE, BE IT RESOLVED that the City of Richfield requests that a
variance to State Aid Rule 8820.1500 be granted allowing the local government share be
deposited on an agreed upon payment schedule rather than deposited before time of
award.
Adopted by the City Council of the City of Richfield, Minnesota this 13th day of
August, 2001.
:h1~8 U
Martin J. Kirsch, Mayor
ATTEST:
'1l~. (~
Nancy ~ity Clerk