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<br /> I STATE OF MINNESOTA <br /> ~. COUNTY OF RAMSEY <br /> CITY OF ARDEN HILLS <br /> RESOLUTION NO. 96 - 60 <br /> I <br /> A RESOLUTION REGARDING USE OF ADVANCE ENCUMBRANCE - GENERAL <br /> I STATE AID FUNDS (CITY) <br /> WHEREAS, the City of Arden Hills completed Municipal State Aid Street Projects in 1996 <br /> I which require State Aid funds in excess of those available in its State Aid Construction Account; <br /> and <br /> I WHEREAS, said City has eompleted the construction of said Project(s) through the use of <br /> advance encumbranees from the General State Aid Construetion Account to supplement the <br /> available funds in their State Aid Construction Account; and <br /> I \YHEREAS, repayment of the funds so advanced will be made in accordance with the <br /> I provisions of Minnesota Statutes 162.14, Subdivision 6, and Minnesota Rules, Chapter 8820. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> I ARDEN HILLS, MINNESOTA, that the Commissioner of Transportation is hereby requested <br /> to approve this advance for financing approved Municipal State Aid Street Projects of the City of <br /> Arden Hills in an amount up to $332,485.15 in accordance with Minnesota Rules 8820.1500, <br /> .. Subparagraph 9, and to authorize repayments from the following year's accruals to the <br /> Construction Account of the Municipal State Aid Street Fund for said City. <br /> I PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF ARDEN HILLS <br /> THIS 15TH DAY OF OCTOBER, 1996. <br /> I <br /> I DENNIS PROBST, MAYOR <br /> ATTEST: <br /> I <br /> I BRIAN FRITS INGER, CITY ADMINISTRATOR <br /> I <br /> I <br /> f' <br /> I <br />