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In summary, the 1998 program to sealcoat and overlay 22.8 miles of City streets has a total <br />project cost of $706,191. Financing of the program is anticipated as following: <br /> <br />City Fund and Developer Escrows <br />Assessments <br />MSA Funds <br /> <br />$208,026 <br /> 191,153 <br /> 353,063 <br />$752,242 <br /> <br />Council Action: <br /> <br />Follcwing the public heating, the Council should direct any revisions to the feasibility study it <br />deems nec.~.ssary as a result of the comments made at the public hearing, as the feasibility study <br />wilt serve as the basis for determining the work to be performed and the method in which costs <br />will be financed. Assuming no petitions are received from a majority of the benefited properties <br />opposing the improvement, the Council will be asked to order the projects at the May 12, 1998 <br />meeting. <br /> <br />Reviewed by: <br /> <br />City Administrator <br />City Engineer <br />Finance Officer <br /> <br />CC:03/10/98 <br /> <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br />I <br />I <br />I <br />I <br />I <br />I <br />! <br />i <br />I <br /> <br />I <br /> <br /> <br />