BY COUNCILOR FOSLE:
The city council finds:
(a) That the city of Duluth has applied to the commissioner of transportation for a grant from the Minnesota state transportation fund for the painting and general structural rehabilitation of Bridge No. L6116 over the Duluth Ship Canal on Lake Avenue (MSAS 140), S.A.P. No. 118-140-029;
(b) That the grant has been approved and the amount of the grant has been determined to be $1,000,000.
RESOLVED, that the city of Duluth does hereby accept said grant and affirms that any construction costs that qualify for Minnesota state transportation funds in excess of the grant will be appropriated from funds available to the city of Duluth, and that any grant monies appropriated for the construction costs but not required, based on the final audit, shall be returned to the Minnesota state transportation fund.
FURTHER RESOLVED, that grant monies received hereunder shall be deposited into the Capital Improvement Fund 0411, Agency 035, Revenue Source 4220-01, City Project No. 0079TR.
STATEMENT OF PURPOSE: This resolution accepts a grant from the Minnesota state transportation fund in the amount of $1,000,000 for the painting and general structural rehabilitation of the Aerial Lift Bridge. The remaining funding for the project will be provided by a city of Duluth bond.