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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 />WHEREAS, Staff learned the City can request a onetime advance of State Aid funds to <br />cover the project costs; and <br />WHEREAS, 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 />