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Funding Source Total Project Costs PIR Fund $ 1,110,000 Assessments $ 931,000 Utility Fund - Sanitary Sewer $ 186,000 Utility Fund - Water $ 467,000 Utility Fund - Surface Water $ 451,000 RCWD Grant $ 56,000 Total Project Cost $ 3,201,000 The total estimated cost of the recommended improvements is $3,201,000. The 2026-2030 Preliminary CIP budget includes these estimated values. Staff are currently pursuing additional RCWD grants totaling approximately $70,000 which would decrease the City's surface water utility fund amount shown above. Applications for the RCWD grant program are typically due mid -December of each year and project awards are typically 2 months after. If the City Council decides to levy a portion of the Karth Lake Pump Improvements to the Karth Lake Improvement District, that contribution would decrease the City's surface water utility fund in that amount. A portion of this project is proposed to be assessed to the benefiting property owners and the remainder through other funding sources. In accordance with the City's Assessment policy, the preliminary assessment for the recommended improvement is calculated as: Residential Reclamation Areas: 50% Estimated Street Project Costs = $614,500 Residential Equivalent Units = 105 Assessment Rate = $5,850 Residential Mill & Overlay Areas 50% Estimated Street Project Costs = $81,500 Residential Equivalent Units = 21 Assessment Rate = $3,880 Industrial Reclamation Areas 70% Estimated Street Project Costs = $280,000 Residential Equivalent Units = 334 (assumes 3 REU's per Acre) Calculated Assessment Rate = $840 per REU As the project is competitively bid, the calculated assessment amount will be updated leading up to the adoption of the assessment roll. Page 3 of 4