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Agenda - Council - 09/22/2009
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Agenda - Council - 09/22/2009
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3/18/2025 4:20:48 PM
Creation date
9/17/2009 4:20:12 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
09/22/2009
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<br />Sunfish Lake Boulevard Financing <br />Project Costs <br />Railroad Surfacing <br />Road Costruction <br />Land Acquistion <br />BNSF easement <br />Total Costs <br />City Funding <br />Storm Water Mgmt <br />(Land Acq- Plants & Things) <br />Federal Railroad Grant <br />MN/DOT <br />Miss Sub Distr #1 <br />RTC PIR Fund <br />Reimbursed By Cty for Cty 63 <br />City GO Revenue Bond <br />Backed by MSA <br />Total Funding <br />~~' ~ a <br />Sunfish Lake Boulevard Financing (Increased Bonding) <br /> Project Costs <br />$ 220,430 Railroad Surfacing $ 220,430 <br />$ 1,871,401 Road Costruction $ 1,871,401 <br />$ 363,050 Land Acquistion $ 363,050 <br />$ 4,500 BNSF easement $ 4,500 <br />$ 2,459,381 Total Costs $ 2,459,381 <br /> City Funding <br /> Storm Water Mgmt <br />$ 200,000 (Land Acq- Plants & Things) $ 200,000 <br />$ 27,034 Federal Railroad Grant $ 27,034 <br />$ 199,500 MN/DOT $ 199,500 <br />$ 294,990 Miss Sub Distr #1 $ 294,990 <br />$ 500,000 RTC PIR Fund $ - <br />$ 425,000 Reimbursed By Cty for Cty 63 $ 425,000 <br /> City GO Revenue Bond <br />$ 812,857 Backed by MSA $ 1,312,857 <br />$ 2,459,381 Total Funding $ 2,459,381 <br />REVISED NOT USING RTC PIR FUND <br />AS BOND INTEREST RATE IS LESS THAN 3% <br />Based on County Estimate as of 3-24-09 <br />~~~ <br />Based on County Estimate as of 3-24-09 <br />r~`"`"~._.i <br />
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