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<br />I <br />I. <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />.- <br />I <br />I <br />I <br />I <br />i <br />I <br />I. <br />I <br />I <br /> <br />FUNDING SUMMARY <br />The project will be funded from several sources including residential assessments on benefitting <br />properties, the city general fund, MnDOT State Aid funds, the city watermain utility fund, the <br />city storm water utility fund, and a possible grant from the Rice Creek Watershed to assist with <br />regional pond construction. The proposed assessment rate of $45.00/front foot is based upon a <br />typical roadway cost per foot of $180.00. Based upon the City assessment policy, the property <br />owners are to be assessed 50% of the cost of '12 of the street costs. <br /> <br />The funding scenario below is based upon the improvements package outlined above. <br /> <br />Total Estimated Project Cost: $2,243,200.00 <br /> <br />Proposed Funding Sources: <br />General Fund: <br />General Fund: <br />NonAssessable Street Fund: <br />PIR Fund: <br />Surface Water Utility Fund <br />Watermain Utility Fund: <br />Rice Creek Watershed: <br />MnDOT State Aid: <br />Total <br /> <br />$200,000.00 (Budgeted for 1999 - West Round Lake Road) <br />$240,000.00 (Budgeted for 2000 PMP Program) <br />$129,600.00 <br />$519,000.00 (Assessments @ $45.001FF) <br />$350,000.00 (Budgeted based upon $175,000.00 per year) <br />$ 74,600.00 <br />$100,000.00 <br />$630.000.00 (Includes $200,000.00 of advance funding) <br />$2,243,200.00 <br /> <br />8 <br />