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Page 2 of 2 <br /> <br />3. use of Utility Enterprise Fund monies to pay for the repairs needed to the existing utility <br />systems and expansion of the storm water system <br /> <br />The following table shows the funding sources for both the reconstruction and reclamation <br />alternatives. <br /> <br /> <br />Fund Alternative 1 <br />Reconstruction <br />Alternative 2 <br />Reconstruction <br />Water Main Enterprise Utility $ 138,450 $ 138,450 <br />Sanitary Sewer Enterprise Utility $ 42,120 $ 42,120 <br />Surface Water Management Utility $ 410,800 $ 366,600 <br />PIR/Assessments $ 1,051,000 $ 896,000 <br />TOTAL $ 1,642,370 $ 1,443,170 <br /> <br />The Feasibility Report details two alternatives for improving the streets in this area; <br />reconstruction with concrete curb and gutter and reclamation of the existing bituminous surface. <br />The Council retains the ability to choose either alternative as the project progresses to the Public <br />Hearing. <br /> <br />Attached is Resolution 2014-062 which receives the Feasibility Report and orders the public <br />hearing be held on January 26, 2015. Staff would recommend adoption of the resolution in order <br />to have this project proceed to a public hearing. <br /> <br />Attachments <br /> <br />Attachment A: Feasibility Report <br />Attachment B: Resolution 2014-062 <br />