2019-12
CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
DATE: February 25, 2019 RESOLUTION NO: 2019-12
MOTION BY: Campion SECONDED BY: Coleman
RESOLUTION FOR MUNICIPAL STATE AID FUNDS ADVANCE FOR
CITY PROJECT 12-02: LYMAN BOULEVARD IMPROVEMENTS PROJECT
WHEREAS, the Municipality of Chanhassen is planning to implement a Municipal State Aid Street Project
in 2019 in partnership with Carver County 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 February 19, 2019 $1,163,372.34
Less estimated disbursements:
Project #194-020-013 ........................................................................................................ $1,500,000.00
Project #194-110-005/194-128-001 ..................................................................................... $700,000.00
Other – City Project No. PW31A ........................................................................................ $300,000.00
Advance Amount (amount in excess of acct. balance) ................................................... $ 1,336,627.66
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 $1,566,400. 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 25th day of February, 2019.
ATTEST:
Todd Gerhardt, City Manager Elise Ryan, Mayor
YES NO ABSENT
Ryan
Campion
Coleman
McDonald
Tjornhom