HomeMy WebLinkAbout4.o. Advanced Encumbrances, 145th Street Reconstruction , Project #2351
CITY OF ROSEMOUNT
EXECUTIVE SUMMARY FOR ACTION
CITY COUNCIL MEETING DATE: December 7, 1993
AGENDA ITEM: Advanced Encumbrance, 145th Street
AGENDA SECTION:
Reconstruction, City Project #235
Consent
PREPARED BY: Bud Osmundson
City Engineer/Assistant Public Works Director410
AGENDy �!
ATTACHMENTS: Resolution
APP V D Y:
City Project #235, the 145th Street Reconstruction Project from Shannon Parkway to
Chili Avenue is a Municipal State Aid Project. An application was made for State Aid
shortly after the project was awarded. We did receive a check for $356,000 from our
State Aid Construction account. However, this project is eligible for another $110,000
from State Aid. We can receive approximately $59,000 out of our 1994 Construction
account on or near February 1, 1994 if we pass this Advanced Encumbrance resolution.
The remaining $51,000 will be received when the project is closed out, which will be
sometime in July or August of 1994. If we do not request this advanced encumbrance
we will receive the total $110,000 in July or August at project closeout.
The benefit is that we can receive the $59,000 in February and invest it rather than
having the State holding onto the money.
Therefore, Staff recommends that Council pass a resolution for advanced encumbrance
on City Project #235, MSA Project 208-103-07.
RECOMMENDED ACTION: MOTION TO ADOPT A RESOLUTION FOR ADVANCED
ENCUMBRANCE ON 145TH STREET RECONSTRUCTION, CITY PROJECT #235, MSA Project
208-103-07.
COUNCIL ACTION:
10
CITY OF ROSEMOUNT
DAKOTA COUNTY, MINNESOTA
RESOLUTION 1993 -
A RESOLUTION FOR ADVANCED ENCUMBRANCE
ON 145TH STREET RECONSTRUCTION
M.S.A.S. NO. 208-103-07
CITY PROJECT NO. 235
WHEREAS, the City of Rosemount has obtained the Commissioner's approval of the plans
for Municipal State Aid Project 208-103-07, City Project No. 235, the reconstruction of
145th Street West from Shannon Parkway to Chili Avenue consisting of grading, curb &
gutter, base and bituminous; and
WHEREAS, said City has proceeded with the construction of said project by providing
local funds to supplement the available funds in its Municipal State Aid Street Account;
and
WHEREAS, repayment of the funds so advanced by the municipality is desired in
accordance with the provisions of Minnesota Statutes 162.14, Subdivision 6.
NOW THEREFORE BE IT RESOLVED, that the Commissioner of Transportation be and is
hereby requested to approve this basis for financing this construction project and to authorize
repayments from the subsequent accruals to the Construction Account of Municipal State
Aid Street Fund for Rosemount within the limitations provided by law and at the times and
in the amounts as herein indicated:
On or after February 1, 1994 - $59,000 from 1994 Allotment
ADOPTED this 7th day of December, 1993.
ATTEST:
Susan M. Walsh, City Clerk
Motion by:
Voted in favor:
Voted against:
E. B. McMenomy, Mayor
Seconded by: