City Council Resolution 2023-11CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION 2023-11
WHEREAS, the Municipality of Monticello is planning to implement Municipal State Aid Street
Project(s) in 2023 which will require State Aid funds in excess of those available in its State Aid
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 date 11/02/22
Less estimated disbursements:
Project #222-104-002
Project #222-116-002
Bond Principle (if any) $
Project Finals (overruns -if any) $
Other $
Total Estimated Disbursements
Advance Amount (amount in excess of acct balance)
$ (744,064)
$1,136,951.00
$ 854, 216.15
$ 1,991,167.15
$ 2,725,231.15
WHEREAS, repayment of the funds so advanced will be made in accordance with the
provisions of Minnesota Statutes 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 Monticello in an amount up to $2,725,231.15. 1 hereby
authorize repayments from subsequent accruals to the Municipal State Aid Street Construction
Account of said Municipality from future year allocations until fully repaid.
I HEREBY CERTIFY that the above is a true and correct copy of a resolution presented to and
adopted by the Municipality of Monticello, County of Wright, State of Minnesota, at a duly
authorized Municipal Council Meeting held in the Municipality of Monticello, Minnesota on the
23rd day of January, 2023, as disclosed by the records of said Municipality on file and of record
in the office.
Municipality of Monticello