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RESOLUTION 10064 <br /> CITY OF MOUNDS VIEW <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> REQUESTING MUNICIPAL STATE AID FUNDS ADVANCE FOR THE RAMSEY COUNTY <br /> 2024/2025 MOUNDS VIEW BOULEVARD IMPROVEMENT PROJECT COUNTY STATE AID <br /> PROJECT 062-610-006, MUNICIPAL STATE AID PROJECT 146-020-014 <br /> WHEREAS, Ramsey County will be replacing the traffic signals on Mounds View Boulevard <br /> and the following cross streets, County Road H, Woodale Drive, County Road H2, Edgewood Drive, <br /> County Road I, Silver Lake Road and Red Oak Drive; and <br /> WHEREAS, the City of Mounds View is required to cost share for the signal lights at <br /> Woodale Drive, County Road H2, Edgewood Drive, and Red Oak Drive; and <br /> WHEREAS, Ramsey County has estimated the City's cost portion of the project to be <br /> $1,051,323.01; and <br /> WHERAS, Staff learned the City can request a onetime advance of State Aid funds to cover <br /> the project costs; and <br /> WHERAS, Staff recommends the City Council approve the Resolution requesting the full <br /> amount of the project of$1,051,323.01 for the Ramsey County 2024/2025 Mounds View Boulevard <br /> Improvement Project. <br /> WHEREAS, the advance is based on the following determination of estimated expenditures: <br /> Account Balance as of date: 2/15/2025 $0.00 <br /> Advance Amount (amount in excess of acct balance) $1,051,323,01; and <br /> WHEREAS, repayment of the funds so advanced will be made in accordance with the <br /> provisions of Minnesota Statutes 162.14, Subd. 6 and Minnesota Rules, Chapter 8820.1500, <br /> Subp. 10b; and <br /> WHEREAS, the City of Mounds View acknowledges advance funds are released on a <br /> first-come-first-serve basis and this resolution does not guarantee the availability of funds. <br /> NOW, THEREFORE, Be It Resolved: That the Commissioner of Transportation be and is <br /> hereby requested to approve this advance for financing the approved 2024/2025 Mounds View <br /> Boulevard Improvement project (SAP 146-020-014) of the City of Mounds View in an amount up <br /> to $1,051323.01. 1 hereby authorize repayments from subsequent accruals to the Municipal State <br /> Aid Street Construction Account of said Municipality from future year allocations until fully repaid. <br /> The Mounds View Vision <br /> A Thriving Desirable Community <br />