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<br />I <br />~ <br />, <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 /> <br /> <br />I <br /> <br />FUNDING SUMMARY <br />The project will be funded from several sources including residential assessmenls on benefitting <br />properties, the city general fund, MnDOT State Aid funds, the city walermain utility fund, the <br />city sanitary utility fund, the city storm water ulility fund, and a possible grant from the Rice <br />Creek Watershed to assist with regional pond construction. The proposed assessment rate of <br />$45.00/front foot is based upon a typical roadway cost per foot of $180.00. Based upon the City <br />assessment policy, the property owners are to be assessed 50% of the cost of '12 of the streel <br />costs. <br /> <br />Three pOlential funding scenarios are outlined below based upon the improvements package <br />outlined above. <br /> <br />Total Estimated Project Cost <br /> <br />Proposed Funding Sources: <br />General Fund: <br />General Fund: <br />PIR Fund: <br />Surface Water Utility: <br />Water Main Utility: <br />Sanitary Sewer Utility: <br />Rice Creek Walershed: <br />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 />$551,000.00 (Assessments @ $45.00/FF) <br />$350,000.00 (budgeted based upon $175,000 per year) <br />$ 78,000.00 <br />$103,650.00 <br />$ 50,000.00 <br />$608.500.00 (Total Est. 2001 Account Balance: $630.000) <br />$2,181,150.00 <br /> <br />9 <br />