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HomeMy WebLinkAboutResolution No. 376A-14 376A-14 D 15 RESOLUTION Exhibit E for Grant Agreement to State Transportation Fund (Bridge Bonds) Grant Terms and Conditions SAP 159-120-005 09/03/14 WHEREAS, the City of Rochester has applied to the Commissioner of Transportation for a grant from the Minnesota State Transportation Fund for construction of Bridge No.55591; and WHEREAS, the Commissioner of Transportation has given notice that funding for this bridge is available; and WHEREAS, the amount of the grant has been determined to be $ 754,958.75 by reason of the lowest responsible bid; NOW THEREFORE, be it resolved that the City of Rochester does hereby agree to the terms and conditions of the grant consistent with Minnesota Statutes, section 174,50, subdivision 5, clause (3), and will pay any additional amount by which the cost exceeds the estimate, and will return to the Minnesota State Transportation Fund any amount appropriated for the bridge but not required. The Mayor and City Clerk are authorized to execute a grant agreement with the Commissioner of • Transportation concerning the above-referenced grant. PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF ROCHESTER. MINNESOTA, THIS 3rd DAY OF_AKnME3 ,,,2014. PRE 4EN�7ySAID CO0N COUCI NL h Pv1 ATTEST: CITY CLERK APPROVED THIS Ath DAY OF SEPTCMDER 2014. ;7 tv1AYOR'5 SAfD CITY u„f,111.t.!MI,Vyt,