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TABLE 1 <br />Proposed Preliminary Assessments — Ute Street, 154th Lane, and 153rd Court <br />STREET SEGMENT <br />Ute Street Residential Assessment <br />154th Lane Residential Assessment <br />153rd Court Residential Assessment <br />ASSESSMENT <br />PER LOT <br />$6,733.36 <br />$6,733.36 <br />$6,733.36 <br />TOTAL PROJECT ASSESSMENTS <br />5.2.2 City Contribution <br />NO. OF <br />LOTS <br />7 <br />5 <br />4 <br />TOTAL <br />ASSESSMENTS <br />$47,133.50 <br />$33,666.80 <br />$26,933.40 <br />$107,733.70 <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 the design proposed within this <br />report. This funding program assumes construction will occur in 2018. <br />TABLE 2 <br />Proposed Project Funding <br />ASSESSMENTS <br />Surface $106,119.33 <br />Storm Sewer $1,614.37 <br />TOTALS $107,733.70 <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 />$318,357.98 <br />$4,843.13 <br />$323,201.11 <br />TOTAL <br />$424,477.31 <br />$6,457.50 <br />$430,934.81 <br />$430,934.81 <br />- $107,733.70 <br />$323,201.11 <br />- $318,357.98 <br />$4,843.13 <br />- $4,843.13 <br />$0 <br />Feasibility Report <br />Stanhope Terrace Reconstructions <br />City of Ramsey Project No. 18-00 <br />Page 12 <br />