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1c. Lyman Blvd Imps: Approve Resolution for Advancement of Municipal State Aid Funds0 CITY OF CgANHASSEN 7700 Market Boulevard PO Box 147 Chanhassen, MN 55317 Administration Phone: 952.227.1100 Fax: 952.227.1110 Building Inspections Phone: 952.227.1180 Fax: 952.227.1190 MEMORANDUM TO: Todd Gerhardt, City Manager FROM: Paul Oehme, Director of Public Works /City Engineer `l' 1 DATE: July 11, 2011 msm SUBJ: Lyman Boulevard Improvements, Phase 1 — Project No. 06 -03: Approve Resolution for Advancement of Municipal State Aid Funds PROPOSED MOTION "The City Council approves a resolution for advancement of Municipal State Aid Funds for Lyman Boulevard Improvements, Phase 1 — Project No. 06 -03." City Council approval requires a simple majority vote of the City Council present. Engineering Phone: 952.227.1160 BACKGROUND Fax: 952.227.1170 In November, 2007, the City Council approved a resolution for advancement of state aid Finance funds for Lyman Boulevard Improvements, Phase I the amount of $1,500,000. This amount Phone: 952.227.1140 was the maximum amount of funds the City could request at that time. Fax: 952.227.1110 In November, 2010, the City Council approved a resolution for advancement of state aid Park & Recreation funds for Lyman Boulevard Improvements, Phase I in the amount of $950,000. The City was Phone: 952.227.1120 Fax: 952.227.1110 not able to advance the funds since Carver County did not submit a partial pay request to State Aid in 2010. The advancement was voided at the end of the year. Recreation Center 2310 Coulter Boulevard DISCUSSION Phone: 952.227.1400 Fax: 952.227.1404 Cities can request advancement of state aid funds, without interest, if the state aid account has enough funds to cover the requests. The advancement of state aid funds for this project is to Planning & help pay for the City's portion of the improvements. The City was responsible for 45% of the Natural Resources project cost based on the Master Agreement for Lyman Boulevard with the County. The total Phone: 952.227.1130 cost to the City for the project is $4,387,000. However, the County has not finalized the Fax: 952.227.1110 project and there may be additional right of way costs due to one property owner contesting the value of the purchase price of land. At this time, staff feels the City should advance state Public Works aid to cover the known costs of the project. The amount requested to advance is $194,300. 7901 Park Place The amount requested for advancement has been reduced since the 2010 advancement Phone: 952.227.1300 request was voided and the City did receive state aid funds in 2011 that went toward this Fax: 952.227.1310 project. The City will have the advancement paid off in 2012 with next year's annual allotment. Senior Center Phone: 952.227.1125 The Capital Improvement Plan does not have any projects planned in the next two years using Fax: 952.227.1110 State Aid funds so advancement of funds will not delay any other projects. Web Site www.ci.chanhassen.mn.us The remaining funds necessary to pay for the project came from the Arterial Collector Development Fund, Surface Water Utility Fund, Water Utility Fund and Sanitary Sewer Utility Fund. Attachment: Resolution g: \eng \public \_2000 -2009 public projects \_2006 projects \06 -03 lyman imp (powers to th 41) \070811 bkgd adv msa funds req.docChanhassen is a Community for Life -Providing for Today and Planning for Tomorrow CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: July 8, 2011 RESOLUTION NO: 2011- MOTION BY: SECONDED BY: RESOLUTION FOR MUNICIPAL STATE AID FUNDS ADVANCE FOR LYMAN BOULEVARD IMPROVEMENTS, PHASE I CITY PROJECT NO. 06-03 / SAP 194 - 020 -008 WHEREAS, the Municipality of Chanhassen implemented a Municipal State Aid Street Project in 2008 which required State Aid funds in excess of those available in its State Aid Construction Account, and WHEREAS, said municipality has constructed said project through the use of an advance from the Municipal State Aid Street Fund to supplement the available funds in their State Aid Construction Account, and WHEREAS, the advance is based on the following determination of estimated expenditures: Account Balance as of date 6/28/11 $ 0.00 Project No. 06 -03 / SAP 194- 020 -008 Total Estimated Disbursement $ 194,300.00 Advance Amount (amount in excess of acct. balance) $ 194,300.00 WHEREAS, repayment of the funds so advanced will be made in accordance with the provisions of Minnesota Statutes 162.14, Subd. 6 and Minnesota Rules, Chapter 8820.1500, Subp. 10b, and WHEREAS, the Municipality acknowledges advance funds are released on a first- come - first -serve basis and this resolution does not guarantee the availability of funds. NOW, THEREFORE, BE IT RESOLVED that the City of Chanhassen request that the Commissioner of Transportation approve this advance for financing approved Municipal State Aid Street Project of the Municipality of Chanhassen in the amount of $194,300.00 and hereby authorize repayments from subsequent accruals to the Municipal State Aid Street Construction Account of said Municipality from future year allocations until fully repaid. Passed and adopted by the Chanhassen City Council this 8 61 day of July, 2011. ATTEST: Todd Gerhardt, City Manager Thomas A. Furlong, Mayor YES NO ABSENT