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Sunwood Drive Realignment Financing Options: Project Cost estimated at $5.1M -$5.6M (use $5.35M for example) <br />Funding Summary: <br />Total Project Costs: <br />Anoka County <br />Net City Funding <br />TOTAL Project Cost Financing: <br />SCENARIO 1: With Grant Funding <br />Anoka County <br />TOD Met Council Grant <br />LRIP Grant <br />TIF 2 <br />EDA - Not to Exceed <br />Excess Rail Funding <br />Anoka County <br />Equipment Revolving Fund <br />LRIP Grant <br />TIF 2 <br />EDA - Not to Exceed <br />$ 5,350,000 <br />$ (1,700,000) <br />$ 3,650,000 <br />$ 1,700,000 <br />$ 1,250,000 <br />$ 500,000 <br />$ 500,000 <br />$ 900,000 <br />$ 500,000 <br />$ 5,350,000 <br />SCENARIO 2: Without TOD Met Council Grant Funding <br />$ 1,700,000 <br />$ 1,250,000 (Capital Equipment Certificates would be issued to offset capital equip purchases) <br />$ 500,000 <br />$ 500,000 <br />$ 900,000 <br />If EDA is not $900,000 would use land proceeds ($400,000 available per policy) <br />Excess Rail Funding $ 500,000 <br />$ 5,350,000 <br />