03-040 RESRESOLUTION 03-40
A RESOLUTION OF THE CITY OF ELK RIVER
A RESOLUTION REQUESTING THE MINNESOTA DEPARTMENT OF TRANSPORTATION
TO APPROVE ADVANCE FUNDING FOR THE TH 10/MAIN STREET IMPROVEMENT
(SP 7102-99) FROM GENERAL MSAS ACCOUNT
WHEREAS
the City of Elk River is planning to construct SP 7102-99 (204-113-12) in 2003
which has been programmed by the ATP in the STIP or work plan for 2005, and
WHEREAS
said City is prepared to proceed with the construction of said project through the
use of advance encumbrance from the General CSAH/MSAS Account to
supplement the available fund in their State Aid Construction Account, and
WHEREAS
repayment of the funds so advanced will be made from Federal funds no later
than the year in which the project has been programmed by the ATP.
NOW, THEREFORE, BE IT RESOLVED that the Commissioner of Transportation be and is
herby requested to approve this advance for financing SP 7102-99 (204-113-12) of the City of
Elk River in an amount up to $338,632 in accordance with Minnesota Rules 8820.1500,
Subparagraph 9 or Subparagraph 10b, and to authorize repayments from their state aid account
or from local funds within a requested approved repayment schedule should said project fail to
receive Federal funds for any reason.
Stephanie A. Klinzing, Mayor
I hereby certify that the above is a true and correct copy of a resolution presented to,
and adopted by, the City of Elk River, State of Minnesota, on the 9th day of June, 2003.
ATTEST:
Sandra A. Peine, City Clerk
S:~ADMIN\Resolutions~2003 Resolutions~Approved\03-40 RES.doc