RES 1975-48 - 000075561
RESOLUTION NO. 48 - 1975
A RESOLUTION REQUESTING THE COMMISSIONER OF HIGHWAYS OF THE STATE OF
MINNESOTA TO AUTHORIZE ADVANCED ENCUMBRANCE FROM THE CONSTRUCTION
ACCOUNT OF MUNICIPAL STATE AID STREET FUNDS
WHEREAS, the City of Fridley has obtained the Commissioner's
approval of the plans for the following Municipal State Aid Street
Projects:
M.S.A.S No.
127 - 316 -03
127 - 322 -01
127 - 330 -02
127- 335 -01
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located within the corporate limits of the City of Fridley, Anoka
County, Minnesota, and consisting of street improvements, including
grading, stabilized base, hot -mix bituminous mat, concrete curb and
gutter, water and sanitary sewer services, storm sewer and other facilities.
AND, WHEREAS, said City is prepared to proceed with the
construction of said projects by providing local funds to supple-
ment the available funds in its Municiapl State -Aid Street Account;
and
WHEREAS, repayment of the funds so advanced by the municipality
is desired in accordance with the provisions of Minnesota Statutes
162.14, Subdivision 6.
NOW, THEREFORE, BE IT RESOLVED, that the Commissioner
of Highways be and is hereby requested to approve this basis for
financing said construction projects and to authorize repayments
from the subsequent accruals to the Construction Account of Municipal
State -Aid Street Fund for said City, within the limitations provided
by law and at the times and in the amounts as herein indicated
(not to exceed five years).
On or after February 1, 1975 - $70,000 from 1976 Allotment.
ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS
7TH DAY OF APRIL, 1975. V
MAYOR - WILLIAM J. NEE
ATTEST:
'Vy-�, &W �: 48 1.14
CITY CLERK - MARVIN C. NSELL