HomeMy WebLinkAbout1991-229 CCR1
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Member Dave Rosene introduced the following resolution and
moved its adoption:
RESOLUTION NO. 91 -229
RESOLUTION REQUESTING MUNICIPAL STATE AID STREET MAINTENANCE
ALLOTMENT FOR 1992
WHEREAS, the Municipal State Aid apportionment regulations allow
municipalities to request up to twenty -five percent of their annual
apportionment to fund maintenance activities and to pay interest on State Aid
Bonds; and
WHEREAS, those regulations provide that municipalities may specially
request up to thirty -five percent provided they agree to prepare and submit
documentation of expenditures; and
WHEREAS, the City of Brooklyn Center on August 12, 1991 sold a State
Aid bond issue requiring substantial interest payments in 1992 and in
subsequent years; and
WHEREAS, the Director of Public Works states that expenditures for
maintenance of State Aid streets totalling $75,000 can be documented; and
WHEREAS, the sum of the 1992 bond interest payment and $75,000
exceeds twenty -five percent of the City's 1991 State Aid apportionment.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL of the City of
Brooklyn Center, Minnesota, that:
1. The City of Brooklyn Center requests that $275,000 of its 1992
State Aid apportionment be allocated for maintenance, to provide
approximately $198,000 for interest payments due in 1992 and
$76,100 for maintenance operations.
2. Staff are directed to prepare the required expenditure report
detailing interest and maintenance expenditures, and to submit
such report to the Office of State Aid at the proper time.
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RESOLUTION NO. 91 -229
September 23, 1991
Date Todd Paulson, Mayor
ATTEST:
t
Deputy Clerk
The motion for the adoption of the foregoing resolution was duly seconded by
member Jerry Pedlar and upon vote being taken thereon, the
following voted in favor thereof:
Todd Paulson, Celia Scott, Jerry Pedlar, Dave Rosene, and Philip Cohen;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.