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FEB 2 6 1991 <br />��NNE�Tq <br />m° 20 <br />a a <br />3 0Q7 <br />Ftir 5Q <br />OF TFP <br />February 21, 1991 <br />Minnesota Department of Transportation <br />Transportation Building, St. Paul, MN 55155 <br />(612) 296-1662 <br />In reply refer to: <br />Notice of Unencumbered Construction Fund Balance <br />Dear �;� , � <br />The present Screening Board Directive states that whenever a <br />municipality's construction fund balance available as of <br />September 1, of the current year, not including the current <br />year's allotment, exceeds $300,000 or two times their annual <br />construction allotment (whichever is greater), shall receive <br />an adjustment to their money needs. <br />Our records show that as of February 1, 1991 you have a balance <br />Of $_ 333, A70 available for construction, not <br />including he 1991 allotment. Recent project submittals for <br />i payment were not deducted from the construction fund balance. �99� <br />According to the guidelines set forth by the Screening Board <br />Resolution, you have an excess balance of $ 3. ,� U <br />This excess must be reduced by September 1, 199to avoid an <br />adjustment to the money needs. <br />Any excess above the specified limits will result in <br />$ (� /.cc--�� /U loss of money needs. The effect of this <br />lossh�r�the 1992 apportionment,based on the 1991 apportionment, <br />will be approximatley $ �� ��a3�"CgrfE A�5,,-InO .dOol-cl /Ose �/7,5 <br />/IV 1W.1, Jam' u/,� O'e4 'f ,o01-ehPea° GU/7// SO//k" <br />A copy of this notice was also sent to the Municipal clerk when <br />Consulting Engineer is retained. <br />If there are any questions regarding your fund balance, please <br />feel free to call -me at the above number. <br />Sincerely, <br />J <br />Kenneth Straus <br />Municipal State Aid Needs Manager <br />rY-� or <br />a ,W517 <br />