HomeMy WebLinkAboutResolution No. 651-03 1
/ i
• RESOLUTION
WHEREAS, the City of Rochester is planning on implementing Municipal State Aid Street
Projects in 2004 which will require state aid funds in excess of those available in its state aid
construction account; and,
WHEREAS, the City of Rochester is prepared to proceed with the construction of said
projects 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 by the Common Council of the City of
Rochester that the Commissioner of Transportation be and is hereby requested to approve this
advance for financing approved Municipal State Aid Street Projects for the City of Rochester in
an amount up to $4,000,000 in accordance with Minnesota Rules 8820.1500, Subparagraph
10b. The City hereby authorizes repayments from subsequent accruals to the Municipal State
Aid Street Construction Account of said City in accordance with the schedule indicated below:
$0 CY 2004
$0 CY 2005
• $0 CY 2006
$1,500,000 CY 2007
$2,500,000 CY 2008
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS DAY OF )CUae,M b6lL— , 2003.
"-PRESIDENT OF SAID COMMON COUNCIL
do)-Otl'
ATTEST: QiYl �h
D-epu-� CITY CLER
APPROVED THIS Viand DAY OF 9�L.�C'.e 1'YZ�f/L , 2003.
MAYOR OF SAID CITY
eal of the City of
�ochester, Minnesota)