96-055 RES RESOLUTION 96 - 5__5
A RESOLUTION FOR TilE CiTY OF ELK RIVER
WHEREAS,
the City of Elk River is planning on implementing Municipal State Aid Street
project(s) in 1996 which will require State Aid funds in excess of those available
in its State Aid Construction Account, and
WHEREAS,
the 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
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 approved Municipal State Aid Street
Projects of the City of Elk River in an amount up to $500,000 in accordance with Mim~esota
Rules 8820.1500, Subparagraph 10b, and to authorize repayments from the following year's
accruals to the Construction Account of the Municipal State Aid Street fund for said City.
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, County of Sherburne, State of Minnesota, at a duly authorized
meeting thereof held in the City of Elk River, Minnesota, on the 29th day of July, 1996, as
disclosed by the records of said City on file and of record in the office.
Sandra A. Thackeray, City Clery
City of Elk River
(Seal)
230/313-2907.jul