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Notification: <br />N/A <br />Observations: <br />As shown in the attached spreadsheet, the MSA fund would have a negative balance if the City proceeded with both <br />Riverdale projects as programmed into the CIP. Please also note that $422,107 of revenue is shown from Land <br />Proceeds. There may not be adequate funding to complete both Riverdale projects unless another funding source is <br />identified. <br />We understand that $1,500,000 is currently budgeted for Long Term Road Reconstruction in 2013, however, all of <br />the associated projects have not been identified. Staff is seeking input from the committee on the process for <br />determining the additional projects that should be considered from this funding source. <br />The construction of Zeolite Street may not be necessary until further development occurs, based on committee <br />input. <br />Funding Source: <br />The funding source for each project is summarized as follows: <br />Riverdale Drive Extension (Armstrong to Traprock) <br />'Grants and Aids II$702,000 <br />MSA II$1,466,000 <br />Water Utility II$273,000 <br />Sewer Utility II$507,000 <br />Total II $2,948,000 <br />Riverdale Drive East Reconstruct to Tungsten <br />MSA I$237,938 <br />Public Improvement Revolving I$837,602 <br />Tax Increment #4 I$275,000 <br />Total I $1,350,000 <br />Garnet Street <br />IGeneral Fund <br />I$300,000 <br />it <br />