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Financial Impact <br /> The preliminary project cost estimate as provided above is approximately $250,000 less than the <br /> current project budget provided in the 2021-2025 Capital Improvement Plan. The CIP identifies <br /> project funding sources consisting of the PIR fund, other (assessments), sanitary sewer utility, <br /> water utility, and surface water utility. The feasibility study will provide updated project cost <br /> estimates and an alternatives analysis to consider options for minimizing project costs. The full <br /> CIP can be found on the City's website, information relating specifically to this project can be <br /> found in Attachment B. These numbers are based on what Council approved in 2020, and do not <br /> show updated numbers based on the 2020 audit as those numbers are forthcoming. It is worth <br /> noting the feasibility report does not commit the City to expending the funds in 2022, but will <br /> provide a better idea of the project cost and scope for planning purposes. The feasibility report can <br /> also be "shelved" for later use should the Council decide not to move forward with the project in <br /> 2022. <br /> Attachments <br /> Attachment A—Arden Oaks Street Improvement Map <br /> Attachment B—CIP Information for Arden Oaks Project <br /> Attachment C - PowerPoint <br /> Page 4 of 4 <br />