2017-43 CITY OF CHANHASSEN
CARVER COUNTY,MINNESOTA
DATE: June 26, 2017 RESOLUTION NO: 2017-43
MOTION BY: Tjornhom SECONDED BY: McDonald
RESOLUTION FOR MUNICIPAL STATE AID FUNDS ADVANCE FOR
CITY PROJECT 16-04: PARK ROAD/PARK PLACE REHABILITATION PROJECT
WHEREAS,the Municipality of Chanhassen is planning to implement a Municipal State Aid Street
Project in 2017 which will require State Aid funds in excess of those available in its State Construction
Account; and
WHEREAS, said Municipality is prepared to proceed with the construction of said project(s)
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 June 11, 2017 $345,675.44
Less estimated disbursements:
Project#194-127-001 $1,100,000.00
Advance Amount(amount in excess of acct. balance) $754,324.56
WHEREAS,repayment of the funds so advanced will be made in accordance with the provisions of
Minnesota Statues 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 Commissioner of Transportation be and is
hereby requested to approve this advance for financing approved Municipal State Aid Street Project(s)of the
Municipality of Chanhassen in an amount up to $1.10 Million . I hereby authorize repayments from
subsequent accruals to the Municipal State Aid Street Construction Account of said Municipality of future
year allocations until fully repaid.
Passed and adopted by the Chanhassen City Council this 26t1i day of June, 2017.
ATTEST:
/tud44,4444
Todd Gerhardt, City Manager Denny La enburger,Mayor
YES NO ABSENT
Laufenburger None None
McDonald
Ryan
Tjornhom
Campion