City Council Meeting Date: April 3, 2018
To: Mayor and City Council
City Administrator
From: Sean M. Simonson, Engineering Manager
David E. Bennett, Public Works Director/City Engineer
Title
Consideration of Resolution Requesting Advance Funding from MnDOT for the construction of Municipal State Aid Street Project 2018STRT-A37, Division Street and Seventh Street Reconstruction, and Washington Street Mill and Overlay Project
Body
Action Requested:
The City Council approves the attached Resolution Requesting Advance Funding from Minnesota Department of Transportation through the City of Northfield State Aid Construction Account for the Division Street and Seventh Street Reconstruction, and Washington Street Mill and Overlay Project, 2018STRT-A37.
Summary Report:
The City of Northfield is a qualifying Minnesota State Aid Street system (MSAS) City. Therefore, the City of Northfield receives a yearly allocation from the Highway User Tax Distribution (HUTD) fund to its Municipal Construction Account for use on the City of Northfield's designated State Aid Street system. Both Division Street and Washington Street, which are included in the 2018 Construction Project, are included on the City of Northfield's MSAS system. The allotment is based on a state statue established distribution formula and the City screening boards.
M.S. 162.14, Subd 6 provides for municipalities to make advances from future year's allocations for the purpose of expediting construction. This process not only helps reduce the construction cash balance, but also allows municipalities to fund projects that may have been delayed due to funding shortages. These advances will be repaid from the next year's allocation until fully repaid. The passing of this resolution is a required step to receive the State Aid Advance Funds.
Alternative Options:
City Council could decide not to pursue the resolution; however, additional means of funding would have to be explored to complete the project...
Click here for full text