Laserfiche WebLink
<br />The City has been working with the developer (RRLD) and consultants to identify funding <br />options for these projects. The law firm of McGrann, Shea, Anderson, Carnival, Straughn & <br />Lamb, Chartered, has been working with the City and RRLD on legislative strategies. <br /> <br />Two identified State funding sources are bond proceeds and state general fund (cash). The first <br />step in trying to secure funds from these sources was introduction of the referenced bills. The <br />general purpose of those bills is to "introduce" the projects and prepare for submission of more <br />specific funding legislation next year and application for inclusion in the Governor's 2008 <br />bonding bill. <br /> <br />DISCUSSION <br /> <br />The application for the Governor's 2008 Bonding Bill is due June 25. One of the project <br />evaluation criteria is that the governing bodies of those political subdivisions primarily <br />benefiting from the project have passed resolutions in support of the project. Staff is requesting <br />that Council adopt the attached resolution in support of the project, and authorize staff to submit <br />an application for the Governor's bonding bill prior to the June 25 deadline. The City of Mounds <br />View and Ramsey County will be considering similar resolutions of support at meetings in early <br />June. <br /> <br />ACTION REQUESTED <br />Motion to Approve Resolution No. 07-60 iu Support of an Application for the <br />Governor's 2008 Bonding Bill for the County Road H and Highway 10/96 Projects. <br /> <br />Attachments <br />MW <br /> <br />\\metro-inet\ardenhills\Admin\City Administrator\Memo\2007\5-29-07 Memo RE governor's bonding bil1.doc <br />