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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 65 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