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• REQUEST TO RESERVE ADVANCE FUNDING <br /> The City of St. Anthony requests that the amount of$500,000 be reserved from the Regular/Municipal/Urban <br /> General Construction Account for the SAP(s) listed below based on the following determination of the estimated <br /> expenditures for the calendar year 2000. <br /> Current Account Balance as of 5/1/2000 $427,300 <br /> Less: Estimated disbursements for new projects <br /> SAP#161-104-06 $574,400 <br /> SAP#161-102-03 $250,000 <br /> SAP#161-020-09 $236,000 <br /> SAP#161-110-02 40,000 <br /> Less: Estimated disbursements for project overruns <br /> SAP#161-104-06 $ 28.000 <br /> Less: Other estimated disbursements <br /> Bond principal $ N/A <br /> Previous year advance repayments $ N/A <br /> Other $ N/A <br /> Total estimated disbursements $ 1,128,400 <br /> Amount in excess of account balance $ 701,100 <br /> Maximum advance allowable per guidelines $ 500,000 <br /> ADVANCE GUIDELINES <br /> • MSAS Account- Municipalities with a total annual allotment of$500,000 or more are <br /> limited to the previous year's allotment. Municipalities with a total annual allotment of less <br /> than$500,000 are limited to three times the previous year's allotment or $500,000 <br /> whichever is less. In either case, the advance must be reduced by any scheduled bond <br /> principal obligations ad/or advance encumbrance repayments. <br /> The City has either incurred an obligation, or anticipates incurring an obligation within approximately 8 weeks. <br /> These obligations are eligible for use of State Aid construction account funds. For construction projects, a <br /> completed plan has been submitted for final State Aid approval. A City Council resolution authorizing this <br /> advance funding is attached or has been previously submitted. <br /> City Engineer Date <br /> The aforementioned project is eligible for advanced funding from the MSAS General Construction <br /> Account. <br /> State Aid Division Date <br /> MSAS Construction account funds in the amount of$ have been added to the City <br /> current year's construction allotment. <br /> • State Aid Finance Date <br />