BY COUNCILOR JOHNSON:
The city council finds as follows:
(a) The municipality of Duluth is planning to implement municipal state aid street projects in 2007 which will require state aid funds in excess of those available in its state aid construction account; and
(b) Said municipality is prepared to proceed with the construction of said projects through the use of an advance from the municipal state aid street fund to supplement the available funds in their state aid construction account; and
(c) The advance is based on the following determination of estimated expenditures:
(d) Repayment of the funds so advanced will be made in accordance with the provisions of Minnesota Statutes 162.14, subd. 6, and Minnesota Rules, Chapter 8820.1500, subp. 10b; and
(e) The municipality acknowledges advance funds are released on a first-come-first-serve basis and this resolution does not guarantee the availability of funds.
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 projects of the municipality of Duluth in an amount up to $1,017,057.12. The city of Duluth hereby authorizes payments from subsequent accruals to the municipal state aid construction account of Duluth in accordance with the schedule herein indicated:
Repayment from entire future year allocation until fully repaid;
$1,017,057.12 paid from year 2008.
STATEMENT OF PURPOSE: This resolution authorizes the proper city officials to request an advance from the city’s 2008 municipal state aid street funds. The city has already paid the contractors for various projects, including Bridge No. L3477 over Miller Creek and Tenth Street, Helberg Drive, Bridge No. 69672 at Amity Creek, and Airport Road (Cirrus). This request, if approved, allows the state to reimburse the city now, instead of after our 2008 apportionment is available. We have also requested an additional $100,000 to cover anticipated payment requests yet to be submitted to state aid for reimbursement.