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CITY OF ST. ANTHONY VILLAGE <br />STATE OF MINNESOTA <br />RESOLUTION 20-039 <br />A RESOLUTION REQUESTING AN ADVANCE FROM THE <br />MUNICIPAL STATE AID STREET FUND FOR CALENDAR YEAR 2020 <br />FOR THE CITY OF ST. ANTHONY VILLAGE, MINNESOTA <br />WHEREAS, the City of St. Anthony Village has initiated roadway mill and overlay along Silver Lane <br />from Stinson Boulevard to Silver Lake Road; and <br />WHEREAS, the County Road C street reconstruction improvements from CSAH 88 to the Roseville City <br />Limits as part of a cooperative agreement with Hennepin County and Ramsey County began <br />in 2019 and are anticipated to be completed in 2020; and <br />WHEREAS, the Stinson Boulevard street reconstruction improvements completed in 2016 were reviewed <br />and approved by the Minnesota Department of Transportation (MnDOT); and <br />WHEREAS, the City of St. Anthony Village is planning to implement Municipal State Aid Street <br />Project(s) in 2020 along Silver Lane and County Road C and request reimbursement for <br />improvements completed along Stinson Boulevard in 2016 which will require State Aid <br />funds in excess of those available in its State Aid Construction Account; and <br />WHEREAS, the City of St. Anthony Village is prepared to proceed with the construction of said <br />project(s) through the use of an advance from the Municipal State Aid Street Fund to <br />supplement the available funds in their State Aid Construction Account; and <br />WHEREAS, the advance is based on the following determination of estimated expenditures: <br />Account Balance as of date February 28, 2020 <br />Less estimated disbursements: <br />Project # SAP 161-112-001 $ 936,496.70 <br />Project # SAP 161-108-004 $ 249, 237.50 <br />Project # SAP 161-020-010 $ 198,539.11 <br />Project # $ <br />Bond Principle (if any) $ 45,750.96 <br />Project Finals (overruns -if any) $ <br />other $ <br />Total Estimated Disbursements $ 1,430,024.27 <br />$ (61,293.99) <br />Advance Amount (amount in excess of acct balance) $ 1,491,318.26 <br />WHEREAS, repayment of the funds so advanced will be made in accordance with the provisions of <br />Minnesota Statutes 162.14, Subd. 6 and Minnesota Rules, Chapter 8820.1500, Subp. 10b; <br />and <br />WHEREAS, the City of St. Anthony Village acknowledges advance funds are released on a first -come - <br />first -serve basis and this resolution does not guarantee the availability of funds. <br />