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TABLE 1 <br />Proposed Preliminary Assessments — 163`'d Lane, Alpaca Street, Chameleon Street, <br />164th Lane <br />STREET SEGMENT <br />163rd Lane Residential Assessment <br />164th Lane Residential Assessment <br />Alpaca Street Residential Assessment <br />ASSESSMENT <br />PER LOT <br />$8,644.75 <br />$8,644.75 <br />$8,644.75 <br />Chameleon Street Residential Assessment $8,644.75 <br />TOTAL PROJECT ASSESSMENTS <br />5.2.2 City Contribution <br />NO. OF <br />LOTS <br />5 <br />1 <br />6 <br />3 <br />TOTAL <br />ASSESSMENTS <br />$43,223.75 <br />$8,644.75 <br />$51,868.50 <br />$25,934.25 <br />$129,671.28 <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 have been <br />budgeted for this project. The City's share of eligible project costs related to surface <br />(street) improvements is proposed to come from the previously encumbered 5-year Street <br />Reconstruction and Overlay Program bonds. Stormwater Utility Funds are proposed to <br />pay for all storm sewer improvements. <br />Table 2 illustrates the proposed project funding based on design proposed within this <br />report. This funding program assumes construction will occur in 2018. <br />Surface <br />Storm Sewer <br />TOTALS <br />TABLE 2 <br />Proposed Project Funding <br />ASSESSMENTS <br />$107,867.53 <br />$21,803.75 <br />$129,671.28 <br />Total Project Cost <br />Less Special Assessments <br />Subtotal <br />Less City Bonding Funds <br />Subtotal <br />Less Stormwater Utility Funds <br />TOTAL Remaining Cost <br />CITY FUNDS <br />$323,602.60 <br />$65,411.25 <br />$389,013.85 <br />TOTAL <br />$431,470.13 <br />$87,215.00 <br />$518,685.13 <br />$518,685.13 <br />- $129,671.28 <br />$389,013.85 <br />- $323,602.60 <br />$65,411.25 <br />- $65,411.25 <br />$0 <br />Feasibility Report <br />The North Forty Reconstructions <br />City of Ramsey Project No. 18-01 <br />Page 12 <br />