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5.2.2City Contribution <br />The City contribution to the project would include all fundingin excess of the amount <br />collected through special assessmentsto benefiting properties. Nofunds werebudgeted <br />for this project. <br />The City wouldbond for the City’s contribution forproject costs related to surface <br />(street) improvements using Street Reconstruction Bonds.Water, Sewer and Stormwater <br />Utility Fundswould be utilizedstrictly for these improvements. <br />Other funds that could fund a portion of the City’s contribution would include thePublic <br />Improvement Revolving fund, though this fund is not proposed to be used for this project. <br />Table 4 <br />illustrates the proposed projectfunding. Thistable assumesa1-year construction <br />schedule. <br />TABLE 4 <br />Proposed Project Funding <br />ASSESSMENTSCITY FUNDSTOTAL <br />Surface$78,000$958,000$1,036,000 <br />Storm Sewer–$198,000$198,000 <br />WaterMain–$271,000$271,000 <br />Sanitary Sewer–$170,000$170,000 <br />TOTALS$78,000$1,597,000$1,675,000 <br />Total Project Cost$1,675,000 <br />Less Special Assessments-$78,000 <br />Subtotal=$1,597,000 <br />Less City BondingFunds-$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 />th <br />Garnet Street and 168Avenue Reconstruction <br />City of RamseyProject No. 13-10 <br />Page 17 <br /> <br />