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99-105ORIGiNAL Presented By Referred To Council File # �l� �(�S RESOLUTION Green Sheet CITY OF SAINT PAUL, MINNESOTA 32373 ia 1 WFIEREAS, the City of Saint 1'aul is planning on implementing Municipal State Aid Street Projects in 1999 2 wluch will require State Aid funds in excess of those available in its State Aid Construction Acwunt, and 3 4 4VHEREAS, said city is prepared to proceed with the construction of said projects through the use of 5 advance encumbrances from the general State Aid Constmction Account to supplement the available funds in 6 the'u State Aid Construction Account, and 8 WFIEREAS, repayment of the funds so advanced will be made in accordance with the provisions of Minnesota 9 Statutues 162.14, Subdivision 6 and Minnesota Rules, Chapter 5820. 10 ll NOW, THEREFORE BE IT RESOLVED: That the Coinmissioner of Transportation be and is hereby requested 12 to approve this advance for finaneing approved Municipal State Aid Street Projects of the City of Saint Paul 13 in an amount up to $3,000,000 in accordance with Minnesota Rules 8820.150Q Subpazagraph 9, and to 14 authorize repayments from the following yeaz's accruals to the Construction Account of the Municipal State 15 Aid Street fund for said city. "€ S;. Faul Long - P.3nae Capatal Improv3r:� $udget Commit?ee xece�ved this requpst en �date}�--- —andiecon�c�a�: �a/p�_�__ ____�--.--- Signed: ��'�� Approved by: � � ' e or of ancial Services senanav s ea�� Bos trom Colenian Harris Zantn� RP;rP. G Absent Committee: Date Requested by Department of: EJW/jab Public Works 12-23-98 _�` BY: O � v � � �. � Adopted by Council: Date ��. 3``LQGj Form Approved by City Attorney Adoption Certified by Council Secretary �{!.(� �' 1�� By: DEP�0.TMENTie�FFICFJCOUNCIL Public Works CANTAC� PEFi50N & PHONE Ed Wazn 266-6142 MU5T BE ON CAUNQLAGENDA BV (OA"f� TOTAL # OF SIGNATURE PAGES ACTION RE�UESTEO Approval of attached Council Resolution approving the use of advance financing from the State of Minnesota not to e � for the 1999 MSA Program. r - � RECOMMENDATIONS:Approve (A) o� Rejec� (R) _ PLANNINGCOMMISSION CIB COMMITTEE CIVI� SERVICE COMMISSION /y� � / �_n dollars INfIIATING PROBLEM, ISSUE, OPPOftTUNITV (WHO, WHAT, WHEN, WHERE. WH`�: "'" "" The City is planning on implementing MSA Street Projects in 1999 which will require State Aid funds in excess of those available in its State Aid Construction Account. ADVANTAGESIfAPPROVED: � The City will be able to maintain a positive cash flow in the capital spe�ng accounts through [he use of no-interest advance encumbrances from the general State Aid Construction Account. •- RECEIVEp DISADVANTAGES IF APPROVED. None. DAiEINITIATED GREEN SHEET 12/23/98 InitiaUDaze K3 q9-Ia5 No. 323.73 InNaVDale CRY CqUNCIL AS31GN �CRVATTORNEY `""`��d. ICfTYGLERK LJ NUMBEIi FOR ROUTING ❑ FlNANCIALSERVICESDIR ❑ FINANCIALSFRWACCTG ❑ MAYOR(OR ASSISTA�p'f/%�rL_ 1_I Etl Wam ^� 'j. 9 ❑ ` ❑ Dickpuoert �"J� i'L�'�-�/bp 1 (CLIP ALL LOCATIONS FOR SIGNATURE) 7. Hasthisperson/firmeverworkedunderacontrac[forthistlepartmenC? YES NO 2. Has this person/firtn ever been a ciry employee? YES NO 3. Does this person/firm possess a sltill not nortnalty possessed by any curreni city employee? YES NO 4. Is this oersoNfrtn a taraeted vendor? MAYOR'S QFFiCE DISADVAMAGES IF NOT APPROVED The city's capital cash spending account would go into a deficit condition for a portion of 1999 necessitating short term borrowing of city funds that could otherwise be invested. $3 mi]]ion COSLREVENUE BUDGETED (CIHCLE ONE) YES No FUNDING SOURCE MSA Advance Funding ACTIVITY NUMBER Various CPL ProjecLs FINANCIALINFORMATION(EXPLAIN) �n�+-^%�-� �??t"`�`.^,._ �^. �'" ' L e':1?.::_5,. � _..>.,..�� . ��,..:'� � �� q 5� j aq�w '�'S� � ffi 'a{x�'°v..' ORIGiNAL Presented By Referred To Council File # �l� �(�S RESOLUTION Green Sheet CITY OF SAINT PAUL, MINNESOTA 32373 ia 1 WFIEREAS, the City of Saint 1'aul is planning on implementing Municipal State Aid Street Projects in 1999 2 wluch will require State Aid funds in excess of those available in its State Aid Construction Acwunt, and 3 4 4VHEREAS, said city is prepared to proceed with the construction of said projects through the use of 5 advance encumbrances from the general State Aid Constmction Account to supplement the available funds in 6 the'u State Aid Construction Account, and 8 WFIEREAS, repayment of the funds so advanced will be made in accordance with the provisions of Minnesota 9 Statutues 162.14, Subdivision 6 and Minnesota Rules, Chapter 5820. 10 ll NOW, THEREFORE BE IT RESOLVED: That the Coinmissioner of Transportation be and is hereby requested 12 to approve this advance for finaneing approved Municipal State Aid Street Projects of the City of Saint Paul 13 in an amount up to $3,000,000 in accordance with Minnesota Rules 8820.150Q Subpazagraph 9, and to 14 authorize repayments from the following yeaz's accruals to the Construction Account of the Municipal State 15 Aid Street fund for said city. "€ S;. Faul Long - P.3nae Capatal Improv3r:� $udget Commit?ee xece�ved this requpst en �date}�--- —andiecon�c�a�: �a/p�_�__ ____�--.--- Signed: ��'�� Approved by: � � ' e or of ancial Services senanav s ea�� Bos trom Colenian Harris Zantn� RP;rP. G Absent Committee: Date Requested by Department of: EJW/jab Public Works 12-23-98 _�` BY: O � v � � �. � Adopted by Council: Date ��. 3``LQGj Form Approved by City Attorney Adoption Certified by Council Secretary �{!.(� �' 1�� By: DEP�0.TMENTie�FFICFJCOUNCIL Public Works CANTAC� PEFi50N & PHONE Ed Wazn 266-6142 MU5T BE ON CAUNQLAGENDA BV (OA"f� TOTAL # OF SIGNATURE PAGES ACTION RE�UESTEO Approval of attached Council Resolution approving the use of advance financing from the State of Minnesota not to e � for the 1999 MSA Program. r - � RECOMMENDATIONS:Approve (A) o� Rejec� (R) _ PLANNINGCOMMISSION CIB COMMITTEE CIVI� SERVICE COMMISSION /y� � / �_n dollars INfIIATING PROBLEM, ISSUE, OPPOftTUNITV (WHO, WHAT, WHEN, WHERE. WH`�: "'" "" The City is planning on implementing MSA Street Projects in 1999 which will require State Aid funds in excess of those available in its State Aid Construction Account. ADVANTAGESIfAPPROVED: � The City will be able to maintain a positive cash flow in the capital spe�ng accounts through [he use of no-interest advance encumbrances from the general State Aid Construction Account. •- RECEIVEp DISADVANTAGES IF APPROVED. None. DAiEINITIATED GREEN SHEET 12/23/98 InitiaUDaze K3 q9-Ia5 No. 323.73 InNaVDale CRY CqUNCIL AS31GN �CRVATTORNEY `""`��d. ICfTYGLERK LJ NUMBEIi FOR ROUTING ❑ FlNANCIALSERVICESDIR ❑ FINANCIALSFRWACCTG ❑ MAYOR(OR ASSISTA�p'f/%�rL_ 1_I Etl Wam ^� 'j. 9 ❑ ` ❑ Dickpuoert �"J� i'L�'�-�/bp 1 (CLIP ALL LOCATIONS FOR SIGNATURE) 7. Hasthisperson/firmeverworkedunderacontrac[forthistlepartmenC? YES NO 2. Has this person/firtn ever been a ciry employee? YES NO 3. Does this person/firm possess a sltill not nortnalty possessed by any curreni city employee? YES NO 4. Is this oersoNfrtn a taraeted vendor? MAYOR'S QFFiCE DISADVAMAGES IF NOT APPROVED The city's capital cash spending account would go into a deficit condition for a portion of 1999 necessitating short term borrowing of city funds that could otherwise be invested. $3 mi]]ion COSLREVENUE BUDGETED (CIHCLE ONE) YES No FUNDING SOURCE MSA Advance Funding ACTIVITY NUMBER Various CPL ProjecLs FINANCIALINFORMATION(EXPLAIN) �n�+-^%�-� �??t"`�`.^,._ �^. �'" ' L e':1?.::_5,. � _..>.,..�� . ��,..:'� � �� q 5� j aq�w '�'S� � ffi 'a{x�'°v..' ORIGiNAL Presented By Referred To Council File # �l� �(�S RESOLUTION Green Sheet CITY OF SAINT PAUL, MINNESOTA 32373 ia 1 WFIEREAS, the City of Saint 1'aul is planning on implementing Municipal State Aid Street Projects in 1999 2 wluch will require State Aid funds in excess of those available in its State Aid Construction Acwunt, and 3 4 4VHEREAS, said city is prepared to proceed with the construction of said projects through the use of 5 advance encumbrances from the general State Aid Constmction Account to supplement the available funds in 6 the'u State Aid Construction Account, and 8 WFIEREAS, repayment of the funds so advanced will be made in accordance with the provisions of Minnesota 9 Statutues 162.14, Subdivision 6 and Minnesota Rules, Chapter 5820. 10 ll NOW, THEREFORE BE IT RESOLVED: That the Coinmissioner of Transportation be and is hereby requested 12 to approve this advance for finaneing approved Municipal State Aid Street Projects of the City of Saint Paul 13 in an amount up to $3,000,000 in accordance with Minnesota Rules 8820.150Q Subpazagraph 9, and to 14 authorize repayments from the following yeaz's accruals to the Construction Account of the Municipal State 15 Aid Street fund for said city. "€ S;. Faul Long - P.3nae Capatal Improv3r:� $udget Commit?ee xece�ved this requpst en �date}�--- —andiecon�c�a�: �a/p�_�__ ____�--.--- Signed: ��'�� Approved by: � � ' e or of ancial Services senanav s ea�� Bos trom Colenian Harris Zantn� RP;rP. G Absent Committee: Date Requested by Department of: EJW/jab Public Works 12-23-98 _�` BY: O � v � � �. � Adopted by Council: Date ��. 3``LQGj Form Approved by City Attorney Adoption Certified by Council Secretary �{!.(� �' 1�� By: DEP�0.TMENTie�FFICFJCOUNCIL Public Works CANTAC� PEFi50N & PHONE Ed Wazn 266-6142 MU5T BE ON CAUNQLAGENDA BV (OA"f� TOTAL # OF SIGNATURE PAGES ACTION RE�UESTEO Approval of attached Council Resolution approving the use of advance financing from the State of Minnesota not to e � for the 1999 MSA Program. r - � RECOMMENDATIONS:Approve (A) o� Rejec� (R) _ PLANNINGCOMMISSION CIB COMMITTEE CIVI� SERVICE COMMISSION /y� � / �_n dollars INfIIATING PROBLEM, ISSUE, OPPOftTUNITV (WHO, WHAT, WHEN, WHERE. WH`�: "'" "" The City is planning on implementing MSA Street Projects in 1999 which will require State Aid funds in excess of those available in its State Aid Construction Account. ADVANTAGESIfAPPROVED: � The City will be able to maintain a positive cash flow in the capital spe�ng accounts through [he use of no-interest advance encumbrances from the general State Aid Construction Account. •- RECEIVEp DISADVANTAGES IF APPROVED. None. DAiEINITIATED GREEN SHEET 12/23/98 InitiaUDaze K3 q9-Ia5 No. 323.73 InNaVDale CRY CqUNCIL AS31GN �CRVATTORNEY `""`��d. ICfTYGLERK LJ NUMBEIi FOR ROUTING ❑ FlNANCIALSERVICESDIR ❑ FINANCIALSFRWACCTG ❑ MAYOR(OR ASSISTA�p'f/%�rL_ 1_I Etl Wam ^� 'j. 9 ❑ ` ❑ Dickpuoert �"J� i'L�'�-�/bp 1 (CLIP ALL LOCATIONS FOR SIGNATURE) 7. Hasthisperson/firmeverworkedunderacontrac[forthistlepartmenC? YES NO 2. Has this person/firtn ever been a ciry employee? YES NO 3. Does this person/firm possess a sltill not nortnalty possessed by any curreni city employee? YES NO 4. Is this oersoNfrtn a taraeted vendor? MAYOR'S QFFiCE DISADVAMAGES IF NOT APPROVED The city's capital cash spending account would go into a deficit condition for a portion of 1999 necessitating short term borrowing of city funds that could otherwise be invested. $3 mi]]ion COSLREVENUE BUDGETED (CIHCLE ONE) YES No FUNDING SOURCE MSA Advance Funding ACTIVITY NUMBER Various CPL ProjecLs FINANCIALINFORMATION(EXPLAIN) �n�+-^%�-� �??t"`�`.^,._ �^. �'" ' L e':1?.::_5,. � _..>.,..�� . ��,..:'� � �� q 5� j aq�w '�'S� � ffi 'a{x�'°v..'