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SALT 512(4/04) <br />MUNICIPAL <br />STATE AID STREET FUNDS ADVANCE RESOLUTION <br />WHEREAS, the Municipality of is planning to implement Municipal State Aid Street Project(s) in 20 <br />which will require State Aid funds in excess of those available in its State Aid Construction Account, and <br />WHEREAS, said municipality is prepared to proceed with the construction of said project(s) through the use of an advance from the <br />Municipal State Aid Street Fund to supplement the available funds in their State Aid Construction Account, and <br />WHEREAS, the advance is based on the following determination of estimated expenditures: <br />Account Balance as of date <br />Less estimated disbursements: <br />Project # $ <br />Project # $ <br />Project # $ <br />Project # $ <br />Bond Principle Of any) $ <br />Project Finals (overruns -if airy) $ <br />Other $ <br />Total Estimated Disbursements $ <br />Advance Amount (amount in excess of acct balance) $ <br />WHEREAS, repayment of the funds so advanced will be made in accordance with the provisions of Minnesota Statutes 162.14, <br />Subd. 6 and Minnesota Rules, Chapter 8820.1500, Subp. 10b, and <br />WHEREAS, the Municipality acknowledges advance funds are released on a first -come- first -serve basis and this resolution does <br />not guarantee the availability of funds. <br />NOW, THEREFORE, Be It Resolved: That the Commissioner of Transportation be and is hereby requested to approve this <br />advance for financing approved Municipal State Aid Street Project(s) of the Municipality of in an <br />amount up to $ . I hereby authorize repayments from subsequent accruals to the Municipal State Aid Street <br />Construction Account of said Municipality in accordance with the schedule herein indicated: (initial one) <br />Repayment from entire future year allocations until fully repaid. <br />Repayment in equal annual installments <br />Repayment from future year allocations in amounts listed below until fully repaid (maximum 5 year repayment). <br />$ CY $ CY $ CY <br />$ CY $ CY <br />I HEREBY CERTIFY that the above is a true and correct copy of a resolution presented to and adopted by the Municipality of <br />, County of , State of Minnesota, at a duly authorized Municipal Council Meeting held in <br />the Municipality of , Minnesota on the day of 20 , as disclosed by the records of said <br />Municipality on file and of record in the office. <br />Municipality of <br />- 3 6 - <br />Municipal Clerk <br />