2015-08 CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES,MINNESOTA
DATE: February 9,2015 RESOLUTION NO: 2015-08
MOTION BY: Tiornhom SECONDED BY: Ryan
RESOLUTION FOR MUNICIPAL STATE AID FUNDS ADVANCE
FOR KERBER BOULEVARD IMPROVEMENTS
(POWERS BOULEVARD TO W 78TH STREET)
CITY PROJECT NO. 15-02/SAP 194-101-030 & 194-101-040
WHEREAS,the Municipality of Chanhassen intends to implement a Municipal State Aid Street
Project in 2015 which requires State Aid funds in excess of those available in its State Aid Construction
Account,and
WHEREAS, said municipality proposes to construct 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 1/26/15 $ 387,672.47
Project No. 15-02/SAP 194-101-030& 194-101-040
Total Estimated Disbursement $ 1,400,000 00
Advance Amount $ 1,400,000 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$1,400,000 00 for SAP 194-101-030 and
194-101-040 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 9th day of February,2015.
ATTES/
c7.4 da4-itz
:•d Gerhardt, City anager Denny La burger, ; or
YES NO ABSENT
Campion
Laufenburger
McDonald
Ryan
Tjornhom