CCP 11-08-1999 - Laserfiche WebLink

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I ~ I I I I I I, I . I I I I I t I Three potential funding scenarios are outlined below based upon the improvements packages outlined above. Package A - Full Neighborhood Reconstruction, No Pond Construction Total Estimated Project Cost: $2,240,800.00 Proposed Funding Sources: General Fund: $200,000.00 (Budgeted for 1999 - West Round Lake Road) General Fund: $240,000.00 (Budgeted for 2000 PMP Program) PIR Fund: $663,161.00 (Assessments @ $57.50/FF) Surface Water Utility $226,100.00 (storm sewer cost minus assessments) Watermain Utility: $ 74,600.00 State Aid: $430.000.00 (Total Estimated 2000 Account Balance) Total $1,833,861.00 Shortage: $406,939.00 (possible funding sources: general fund, advance funding from State Aid account) Package B -Partial Neighborhood Reconstruction, No Pond Construction Total Estimated Project Cost: $1,635,300.00 Proposed Funding Sources: General Fund: $200,000.00 (Budgeted for 1999 - West Round Lake Road) General Fund: $240,000.00 (Budgeted for 2000 PMP Program) PIR Fund: $539,956.00 (Assessments @ $57.50/FF, excluding Hamline Ave) Surface Water Utility $165,354.00 (storm sewer cost minus assessments) Watermain Utility: $ 62,000.00 State Aid $427.990.00 (Advance funding not required) Total: $1,635,300.00 Shortage: $ 0.00 Package C - Partial Neighborhood Reconstruction, Pond A and Pond B Construction Total Estimated Project Cost: $1,918,100.00 Proposed Funding Sources: General Fund: $200,000.00 (Budgeted for 1999 - West Round Lake Road) General Fund: $240,000.00 (Budgeted for 2000 PMP Program) PIR Fund: $539,956.00 (Assessments @ $57.50/FF, excluding Hamline) Surface Water Utility $373,154.00 (Storm sewer + Pond costs) - (Assessments +RCWD) Watermain Utility: $ 62,000.00 RCWD: $ 75,000.00 (Based upon discussions with watershed staff) State Aid: $427.990.00 (Advance funding not required) Total $1,918,100.00 Shortage: $ 0.00 10