HomeMy WebLinkAbout1996-141
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RESOLUTION NO..1iL
RESOLUTION APPROVING THE USE OF
FUNDS FOR THE LEVEE WALL PROJECT.
WHEREAS, the City Council of the City of Stillwater has entered into an agreement with the
U.S. Government for repair of the levee wall, and
WHEREAS, the City Council of the City of Stillwater has received approval for federal and
state funding for portions of the levee wall project, and
WHEREAS, the city has determined that funds remaining in 1994 TIF Construction Fund are
appropriately spent on the levee wall project, and
WHEREAS, the city's share of the levee wall project is estimated to be $400,000 for Phase I and
$375,000 for Phase II and $120,000 for NSP lighting during Phase I.
NOW, THEREFORE, be it resolved by the City Council of the City of Stillwater that the
following expenditures are approved from the balance of bond proceeds remaining in the city's
fund #561, $4,800,000 TIF construction of 1994C:
Phase I Levee Wall
City Share of Construction
Phase I NSP Lighting
Phase II Levee Wall
City Share of Construction
$400,000
$120,000
$375.000
Total:
$895,000
Adopted by City Council this 4th day of June, 1996.
JaY~~