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MISSISSIPPI RIVER TRAIL PROJECT FINANCIAL SUMMARY <br />Total Project $1,374,000 <br />Anoka $754,000 (55%) <br />Ramsey $620,000 (45%) <br />COSTS <br />Total Anoka Ramsey <br />Construction $946,000 $519,000 $427,000 <br />10% Contingency $95,000 $52,000 $43,000 <br />Subtotal $1,041,000 $571,000 $470,000 <br />32% Administration $333,000 $183,000 $150,000 <br />TOTAL ESTIMATED COST $1,374,000 $754,000 $620,000 <br />FUNDING <br />Federal Grant <br />Anoka County <br />City Funds <br />TOTAL ESTIMATED FUNDS <br />Total Anoka Ramsey <br />$440,000 $ 242, 000 $198,000 <br />$340,000 $187,000 $153,000 <br />S594,000 S325,000 S269,000 <br />$1,374,000 $754,000 $620,000 <br />April 30, 2013 <br />o Engineering/ Administration cost to be split 55%/45% <br />o Federal Grant and Anoka County funds to be split 55%/45% <br />o Anoka County funds will not be available until the County receives funding from the Metropolitan Council's Regional <br />Park and Trail Grant Program. This is estimated to occur in 2016 or 2017. <br />o Costs based on "Project Cost and Financing Summary" document created by Bolton Menk dated March 29, 2013 <br />