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City Council Resolution 1992-34RESOLUTION 92- 34 CITY OF MONTICELLO WHEREAS, the City of Monticello has obtained the Commissioner's approval of the plans for the following Municipal State Aid Street Project(s): S.A.P. No. 222-101-01, M.S.A.S. No. 222, located along future 7th Street alignment, just west of Minnesota Street, consisting of right-of-way acquisition. AND, WHEREAS, said City is prepared to proceed with the construction of said project(s) by providing local funds to supplement the available funds in its Municipal State Aid Street Account. 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 and construction project(s) and to authorize repayments from the subsequent accruals to the Construction Account of Municipal State Aid Street Fund for said City within the limitations provided by law and at the times and in the amounts as herein indicated: On or after Feb. 1, 1992 - $122,497.00 from 1992 allotment. On or after Feb. 1, 1992 - $ 26,810.34 from 1993 allotment. Mayor CERTIFICATION I, Rick Wolfsteller, duly appointed and qualified Clerk in and for the City of Monticello, State of Minnesota, do hereby certify that the above is a true and full copy of a resolution adopted by the City Council assembled in regular session on the 23rd day of November, 1992. (SEAL) (::: .cGf 1 rZ4-11- City Clerk City of Monticello