HomeMy WebLinkAboutResolution 4154 � �� � .
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�e - CITY of ORONO
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�� G'ti RESOLUTION OF THE CITY COUNCIL
�9kEsH�g'� . . NO. � 1 � �
. RESOLUTION TO REQUEST ADVANCED STATE AID FUNDING
WHEREAS, the City of Orono is planning on implementing Municipal State Aid
Street Project(s)in 1998/1999 which will require State Aid fiznds 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(s) �
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
WI�REAS,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 Commissiorier of
• Transportation be and is hereby requested to approve this advance for financing approved Municipal �
State Aid Street Projects of the City of Orono in an amount up to $500,000 in accordance with
Minnesota Rules 8820.1500, Subparagraph lOb, 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 Orono, Minnesota on the 24th day of
August, 1998. � � '
ATTEST:
� Gabriel bour, Mayor
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Linda S. Vee, City Clerk
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