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<br />I <br /> matching the assessable residential front footage on the opposite side of the streets. This will <br /> result in the City paying an additional $57,800, bringing the City's share up to 75% for these two <br /> streets. Based upon these assumptions and the estimated costs, the assessment calculation is <br /> outlined below. <br />I Reconstruction Assessments <br />I Reconstruction Assessments <br /> Estimated Street Reconstruction Cost $310,000 <br />I Estimated Assessment Amount (50% of Residential Street) $155,000 <br /> Total Front Footage to be Assessed (divided by) 4,100 FF <br />I Estimated Reconstruction Assessment Rate (Residential) $37.80 <br /> Again, the final assessment rate for street reconstruction will be established by City Council <br />I resolution at a later date. <br />I The table presented below outlines the costs and funding sources for each portion of the project. <br /> Cost Tabulation <br />lit Revenue vs. Project Cost <br /> . General Total <br />I Assessment Stormwater Project <br /> Construction Item PIR Fund Revenue Fund Costs <br />I Seal Coat Projects $49,000 $49,000 <br /> Overlay Projects $51,500 $51,500 $103,000 <br />I Street Reclamation $124,000 $124,000 $248,000 <br /> Street Reconstruction $117,800 $97,200 $95,000 $310,000 <br />I Total Revenue $342,300 $272,700 $95,000 Project Costs <br /> $710,000 <br /> Revenue <br />I $710,000 <br />I <br />I <br />t' <br />I FEAS-520.080 -12- 520-080-10 <br />