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HomeMy WebLinkAbout6.f. Authorization Requesting and Advance of Municipal State Aid Funds-Connemara Trail Extension, City Project 4314ROSEMOUNT CITY COUNCIL City Council Meeting: October 18, 2011 EXECUTIVE SU'MMARY AGENDA ITEM: Authorization Requesting an Advance of AGENDA SECTION: Municipal State Aid Funds Connemara Consent Trail Extension, City Project 431 PREPARED BY: Andrew J. Brotzler, PE, Director of AGENDA NO. Public Works / City Engineer 1 0 1 ATTACHMENTS: Resolution; Letter; Map APPROVED BY: RECOMMENDED ACTION: Motion to Adopt a Resolution Requesting an Advance from the Municipal State Aid Street Fund, City Project 431. BACKGROUND: Construction of Connemara Trail Improvements commenced in September of this year. One of the planned funding sources for this project is the use of advance City Municipal State Aid funds with future reimbursement through agreements with developing properties. This essentially allows the City to advance funds against future years annual MSA allotments. Staff is requesting authorization to request an advance from the Municipal State Aid Fund for the construction of Connemara Trail. This project is extending Connemara Trail in 2011 approximately, 2,800 feet from the Bloomfield neighborhoods to Akron Avenue (MSA Route No. 104, Segment 070). The request for advance funding was also made and approved in 2010 but is required annually and approved on a first come first -serve basis. The estimated amount of the advance is approximately $800,000 and it is anticipated that the 2012 MSA allotment will be large enough to repay the advance. SUMMARY: Staff recommends Council approval of the attached resolutions to authorize the request for advancement from the Municipal State Aid Fund, City Project 431. G:AENGPROJ \431 \20111018 CC Authorize Advance of SA Eunds.doct CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA 1. RESOLUTION 2011 — A RESOLUTION REQUESTING`AN ADVANCE FROM THE MUNICIPAL STATE AID STREET FUND FOR CONNEMARA TRAIL CITY PROJECT 431 WHEREAS, the City planning to implement the extension of Connemara Trail, City 431 (MSA Route No. 104, Segment 070) which will require State Aid funds in excess of those available in its State Aid Construction Account, and; WHEREAS, the City is prepared to proceed with the construction of said project through the use of an advance from the Municipal State Aid Street Fund, and; WHEREAS, repayment of the funds so advanced will be made in accordance with the provision of Minnesota Statues 162.14, Subd. 6 and Minnesota Rules, Chapter 8820.1500, Subp. 10b, and; WHEREAS, this request is required to be made annually, and; WHEREAS, the City acknowledges advance funds are released on.a first- come_ - first- served basis and this Resolution does not guarantee the availability of funds. NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF ROSEMOUNT, MINNESOTA:. . The Commissioner of Transportation is hereby requested to approve this advance for financing Connemara Trail, City Project 431 of the City of Rosemount in an amount up to the maximum allowed. The City of Rosemount authorizes repayments from subsequent accruals to the Municipal State Aid Street Construction Account from future year's allocations until fully repaid. ADOPTED this 10 day of October, 2011. William R Droste, Mayor ATTEST: Amy Domeier, City Clerk T.GIS /City /Maps /Departmental Maps /Engineering /Phil /2010 Future Connemara Trail Feet 0 550 1,100 2,200 3,300 4,400 a June 2011`