07-033 RES
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RESOLUTION 07---1!
A RESOLUTION OF THE CITY OF ELK RIVER
A RESOLUTION REGARDING A MUNICIPAL STATE AID LOCAL
ADVANCE
WHEREAS, the City of Elk River has obtained the Commissioner's approval for the
following Municipal State Aid Project:
Project # 204-010-006, and
WHEREAS, said City is prepared to proceed with the planning of said project by
providing local funds to supplement the available funds in the Municipal/Municipal
T urnback Account, and
WHEREAS, the City is undertaking another significant MSAS project at the same time,
and it desires to repay this advance over a period of five years to allow enough available
MSA funds for the other project, and
WHEREAS, repayment of the funds so advanced by the Municipality is desired in
accordance with the provisions of Minnesota Statute 5162.14, Subd. 6, and Minnesota Rules
8820.1500, Subd. 10.
NOW, THEREFORE, BE IT RESOLVED that the Commissioner of Transporration is
hereby requested to approve this basis for financing said construction project
and to authorize repayments from subsequent accruals to said Account, in
the amounts as herein indicated.
$200,000 from 2008 Allotment
$200,000 from 2009 Allotment
$200,000 from 2010 Allotment
$200,000 from 2011 Allotment
$200,000 from 2012 Allotment
Passed and adopted this 5th day of March, 2007.
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StePhe~g,Ma~
ATTEST:
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Tina Allard, City Clerk
s: \EngineerImproyProj\2007 Improvement Projects \ TH 169 Study\Resolution MSA Local Ad\'atlcc.doc
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