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financing for the proposed project. A copy of the completed Feasibility Report is <br />attached. The next step in the process is for the City Council to accept the Feasibility <br />Report and to schedule a Public Improvement Hearing. <br />Financial Implications <br />_ <br />This proj ect has financial implications for the City including the following: <br />1. Assessments levied in accordance with the Assessment Policy. <br />2. Use Permanent Improvement Revolving (PIR) funds to fund the balance of the <br />street improvements. <br />3. Expenditure of utility enterprise fund dollars to pay for the repairs needed to the <br />existing utility system. � <br />The following table shows the amounts originally budgeted in the City's Capital <br />Improvement Plan versus the preliminary estimated amounts in the Feasibility Report: <br />Fund Budgeted Feasibility Report <br />Watermain Enterprise Utility $ 250,000 $ 198,840 <br />Sanitary Sewer Enterprise Utility $ 32,500 $ 22,400 <br />Surface Water Management Utility $ 67,500 $ 91,600 <br />PIR / Assessments $ 1,397,00� $ 1,390,900 <br />Total � $ 1,747,000 $ 1,703,700 <br />Council Action Requested <br />Motion to approve Resolution 2009-054: Resolution Receiving the 2011 Pavement <br />Management Program Feasibility Report and Ordering the Public Hearing for <br />Improvement. The Public Hearing would be scheduled for the regular City Council <br />meeting on Monday, December 13, 2010. <br />City Council Meeting <br />\�Metro-inet\ardenhills�Admin\Council�Agendas & Packet Information�2010\ 11-15-10 Special Mtg\ 11-15- <br />1 OMemo_2011 PMP_ReceiveFeasRep&OrderPH.doc <br />Page 2 of 2 <br />