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5.2.2 City Contribution <br />The City contribution to the project would include all funding in excess of the amount <br />collected through special assessments to benefiting properties. No funds were budgeted <br />for this project. <br />The City would bond for the City's contribution for project costs related to surface <br />(street) improvements using Street Reconstruction Bonds. Water, Sewer and Stormwater <br />Utility Funds would be utilized strictly for these improvements. <br />Other funds that could fund a portion of the City's contribution would include the Public <br />Improvement Revolving fund, though this fund is not proposed to be used for this project. <br />Table 4 illustrates the proposed project funding. This table assumes a 1 -year construction <br />schedule. <br />Surface <br />Storm Sewer <br />Water Main <br />Sanitary Sewer <br />TOTALS <br />TABLE 4 <br />Proposed Project Funding <br />ASSESSMENTS <br />CITY FUNDS <br />TOTAL <br />$78,000 <br />$958,000 <br />$198,000 <br />$271,000 <br />$1,036,000 <br />$198,000 <br />$271,000 <br />$170,000 <br />$170,000 <br />$78,000 <br />$1,597,000 <br />$1,675,000 <br />Total Project Cost <br />Less Special Assessments <br />$1,675,000 <br />$78,000 <br />Subtotal = $1,597,000 <br />Less City Bonding Funds $958,000 <br />Subtotal = $639,000 <br />Less Utility Funds (Storm, Water, Sewer) $639,000 <br />Subtotal = $0 <br />Less Public Improvement Revolving Funds $0 <br />TOTAL Remaining Cost = $0 <br />Feasibility Report <br />Garnet Street and l68`" Avenue Reconstruction <br />City of Ramsey Project No. 13-10 <br />Page 17 <br />