HomeMy WebLinkAbout2004-072 Council Resolution•
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CITY OF LINO LAKES
RESOLUTION NO. 04 -72
RESOLUTION AUTHORIZING REQUEST TO ADVANCE FUNDS FROM THE CITY'S
MUNICIPAL STATE AID STREET ACCOUNT.
WHEREAS, the street reconstruction portion of the Holly Drive Improvement project will
be funded mostly through Municipal State Aid; and
WHEREAS, it is proposed that the remaining funds will come from previous Trapper's
Crossing subdivision assessments, Surface Water Management Fund, and Trunk
Funds; and
WHEREAS, the City's Engineer has prepared plans and specifications for the Holly
Drive Improvement project.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
LINO LAKES, MINNESOTA:
1. The City Engineer is authorized to request an advance of funds from the City's
Municipal State Aid Street Account.
Adopted by the Lino Lakes City Council this 24th day of May, 2004.
Ann Blair City Clerk
John. Berg on, M yor
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AGENDA ITEM 6Hii
STAFF ORIGINATOR: James E. Studenski, City Engineer
COUNCIL MEETING DATE: May 24, 2004
TOPIC: Resolution No. 04 -72, Authorizing Request to Advance Funds from
the City's Municipal State Aid Street Account
VOTE REQUIRED: Simple majority
BACKGROUND:
The street reconstruction portion of the Holly Drive Improvement project will be
funded mostly through Municipal State Aid. Funding will also come from the
Trapper's Crossing subdivision which was previously assessed $265,000.00 for
the road improvements. Surface Water Management and Trunk funds will
complete the funding for this project. The utility extensions will be minimal at this
time.
• The Municipal State Aid current balance is $1,372,774.26. After the reduction of
the total estimated disbursements ($2,709,056.33), the advance amount is
$1,336,282.07.
OPTIONS:
1. Adopt Resolution 04 -72, Authorizing Request to Advance Funds from the
City's Municipal State Aid Street Account.
2. Return to staff for further review.
RECOMMENDATION:
Option No. 1 - Staff recommends that Resolution No. 04 -72 be adopted.
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