00-09e
No. 2000-09
RESOLUTION
Whereas, the City of Otsego is planning on implementing Municipal State Aid
Street Projects in 2001 which will require State Aid funds in excess of those available
in its State Aid Construction Account, and
Whereas, said City is prepared to proceed with the construction of said
project through the use of advance encumbrances from the general State Aid
Construction Account to supplement the available funds in the State Aid
Construction Account, and
Whereas, repayment of the funds so advanced will be made in accordance with
the provisions of Minnesota 'Statues 162.14, Subdivision 6 and Minnesota Rules,
Chapter 8820.
Now, Therefore, Be It Resolved: That the Commissioner of Transportation
be and is hereby requested to approve this advance for financing approved Municipal
State Aid Street Projects of the City of Otsego in and amount up to $500,000. in
accordance with Minnesota Rules 8820.1500, Subparagraph 9, and to authorize
repayments from the following year's accruals to the Construction Account of the
Municipal State Aid Street fund for said City.
I HEREBY CERTIFY that the above is a true and correct copy of a
Resolution presented to and adopted by the City of Otsego, County of Wright, State
of Minnesota, at a duly authorized meeting thereof held in the City of Otsego,
Minnesota on the 12th day of June, 2000, as disclosed by the records of said City on
file and of record in the office. A o
Elaine Beatty, City Clerk
City of Otsego
ADVANCE ENCUMBRANCE - GENERAL STATE AID FUND!
File: 00-RSLN.WPS