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<br />FEASIBILITY STUDY GEMLK 186534 <br />Page 6 <br />6.3 Funding <br />Item Preliminary Costs <br />Labore Road (approx. 2,100 LF) $651,200 <br />Goose Lake Road (approx. 3,100 LF) $821,300 <br />Remaining Streets (approx. 3,700 LF) $893,500 <br />Project Total $2,366,000 <br />Federal Grant Funding (EPA) $959,757 <br />City Grant Match $191,951 <br />Federal Grant Funding (EPA) $1,092,000 <br />City Grant Match $218,400 <br />Funding/Match Total $2,462,108 <br />Special Assessments Gem Lake $0 <br />Special Assessment Vadnais Heights $122,750 <br />Remaining $218,858 <br /> <br />7 Proposed Schedule <br />The following schedule lists the steps and schedule the City will need to follow to construct the <br />improvements outlined in this report during 2026/2027: <br />Item Date <br /> Council Authorized Feasibility Report .............................................. June 17, 2025 <br /> Council Receives Feasibility Report .............................................. March 17, 2026 <br /> Council Orders Improvement Hearing ........................................... March 17, 2026 <br /> Public Improvement Hearing ............................................................. April 21, 2026 <br /> Council Authorized Preparation of Plans and Specifications ............ April 21, 2026 <br /> Council Approves Plans and Specifications and <br />Orders Advertisement for Bids ............................................................. Fall of 2026 <br /> Open Bids ............................................................................................. Fall of 2026 <br /> Award Project .................................................................................. Winter of 2026 <br /> Project Construction .................................................................... April – July 2027 <br /> Assessment Hearing ............................................................................ Fall of 2027