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the easement areas by April 1, 2010. The current estimate for the right-of-way and <br />easement acquisition required for this project is $3,000,000 which does not include the <br />cost of easement acquisition required for overhead utility burial. The current estimate for <br />overhead utility burial easements is $50,000. Half of this cost is estimated for such <br />easements within the City of Roseville. <br />4. ESTIMATED COSTS <br />The estimated costs for the Ramsey County TH36/Rice Street Interchange project, <br />Roseville City Project 09-11, are detailed below. <br />Proposed Improvement Estimated Cost <br />Street Improvements $ 11,800,000 <br />Storm Sewer Improvements $ 400,000 <br />Sanitary Sewer Improvements $ 50,000 <br />Water Main Improvements $ 250,000 <br />Interchange Improvements $ 8,500,000 <br />Subtotal -Construction Cost $ 21,000,000 <br />Right-of-Way/Easement Acquisition $ 3,000,000 <br />Roseville Overhead Utility Burial Construction & $ 350,000 <br />Easement Acquisition <br />Little Canada Overhead Utility Burial Construction & $ 350,000 <br />Easement Acquisition <br />Engineering & Administration $ 4,000,000 <br />Total Estimated Project Cost $ 28,700,000 <br />The City cost participation for the project was determined consistent with the current <br />Ramsey County cost participation policy for projects receiving Federal funds. The <br />estimated project cost for the city of Roseville is $ 465,000. The project cost/financing <br />table in Appendix B further details the proposed Roseville cost contribution for the <br />project. <br />5. METHOD OF FINANCING <br />The Ramsey County TH36/Rice Street Interchange Improvements, Roseville City Project <br />09-11, are proposed to be financed through various Federal, State, County, and City <br />funding sources. The following is a summary of the preliminary financing plan for the <br />overa I I project. <br />Financing Source Amount <br />Federal Surface Transportation Program (STP) Funds $ 7,000,000 <br />Local Interchange Funds $ 5,000,000 <br />State of Minnesota $ 2,000,000 <br />Department of Employment & Economic Development $ 1,500,000 <br />(DEED) Funds <br />State Aid Turn Back Funds $ 2,200,000 <br />