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Page 2 of 2 <br /> <br />This project has financial implications for the City including the following: <br /> <br />1. assessments levied in accordance with the Assessment Policy <br /> <br />2. use of Permanent Improvement Revolving (PIR) Funds for the portion of the street <br />improvement not assessed <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 proposed project: <br /> <br />2018 Street and Utility Improvement Project <br />Summary of Cost <br />Improvement <br />Estimated <br />Reclamation Area <br />Cost <br />Estimated <br />Reconstruction Area <br />Cost <br />Street Improvements $219,295.47 $1,503,996.72 <br />Sanitary Sewer Improvements - $270,724.63 <br />Water Main Improvements - $751,124.99 <br />Storm Sewer & Drainage Improvements $25,844.50 $530,206.20 <br />Total Estimated Project Cost by Area $245,139.97 $3,056,052.54 <br />Grand Total $3,301,192.51 <br /> <br />Attached is Resolution 2017-022 which receives the feasibility report and orders the public <br />hearing be held on September 25, 2017. Staff would recommend adoption of the resolution in <br />order to have this project proceed to a public hearing. <br /> <br />Attachments <br /> <br />Attachment A: Feasibility Report <br />Attachment B: Resolution 2017-022 <br />