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St. Peter council approves $1.20 million municipal state aid advance for 2025 road reimbursements
Summary
The City Council approved a resolution requesting a $1,201,352 municipal state aid (MSA) advance to reimburse 2025 road projects and to exclude a 2026 bond principal payment from the current request.
The St. Peter City Council on Feb. 24 approved a resolution requesting a $1,201,352 municipal state aid (MSA) advance to reimburse recent and upcoming city street projects, and removed a previously included $360,000 2026 bond principal payment from the current request.
City staff member Jeff explained the MSA advance program and said the advance lets a city receive up to five years of its MSA allotment up front for eligible reconstruction and maintenance of MSA-designated streets. Jeff told the council the city’s MSA account showed a balance of $0 as of Feb. 17 and…
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