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J MM,TA 2 MM <br />Background <br />At the January 27, 2003 Council Meeting, the City Council requested that Councilmember <br />Klausing and City Staff meet to identify and discuss potential fimding sources for the Larpenteur <br />Avenue pathway, and to present the information at a future Council meeting. <br />The estimated construction cost for a six-foot concrete walkway 'is $340,0010. The proposed <br />fanding is as follows-. <br />Federal grant <br />Ramsey County <br />R, o Is e v Ill II <br />Total <br />Funding Sources <br />By appropfiating $I•ject, th% <br />additional $300,000, a favorable ratio of 7to L <br />$272,5000 <br />28,10010 <br />40,000 <br />City-'s monies, can be leiveraged to obtain an <br />0 <br />On January 31, 2003, Councilmember Klausing met with Staff'to discuss vanous options. The <br />following sources were identified, as potential funding sources for Rosevi'lle's share: <br />P, IT07- in <br />'M <br />Potential, Fundin,a Source Available <br />Operational Savings-2003 Budget, $40,0010 <br />Infrastructure Replacement Fund 40,00 <br />General Fund Reserves 403000 <br />Roseviille's share of the pathway could be funded, by either a single source, or a portion fto <br />multiple sources. Given our relatively early position in the City's fiscal year, it 'i's somewh <br />premature to assume that operational savings will materialize. TMs may not be fully known unti <br />Nove <br />