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<br /> <br />Feasibility Report Page 12 <br />2021 PMP Street and Utility Improvements <br />City Project Number PW 21-0100 <br /> <br />5.2 Project Funding <br />Proposed project funding sources are a combination of the City’s Permanent Improvement <br />Revolving (PIR) fund, utility funds, and special assessments for street improvements as <br />summarized in Table 6 and 7 below. <br /> <br />Table 6 - Summary of Project Funding Sources <br />Area 1 – Hazelnut Park Neighborhood <br /> With Prior Ave Included in Assessments Prior Ave Not Included in Assessments <br />Source <br />Alternative 1 <br />Funding <br />Alternative 2 <br />Funding <br />Alternative 1 <br />Funding <br />Alternative 2 <br />Funding <br />PIR Fund $1,006,312 $935,996 $1,190,991 $1,120,679 <br />Residential Assessments $1,006,312 $935,996 $821,632 $751,312 <br />Sanitary Sewer Utility Fund $536,775 $536,775 $536,775 $536,775 <br />Water Utility Fund $679,959 $679,959 $679,959 $679,959 <br />Surface Water Management Fund $577,162 $418,430 $577,162 $418,430 <br />Total Estimated Funding $3,806,519 $3,507,155 $3,806,519 $3,507,155 <br /> <br /> <br />Table 7 - Summary of Funding Sources <br />Area 2 – Lake Valentine Road <br />Improvement <br />Estimated <br />Funding <br />PIR Fund $226,144 <br />Residential Assessments $148,905 <br />MVHS Assessments $79,942 <br />Sanitary Sewer Improvements $99,203 <br />Total Estimated Funding $554,194 <br /> <br /> <br />