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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 have been <br />budgeted for this project. The City's share of eligible project costs related to surface (street) <br />improvements is proposed to come from the previously encumbered 5-year Street <br />Reconstruction and Overlay Program bonds. Stormwater Utility Funds are proposed to pay <br />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 2019. <br />Surface <br />TABLE 2 <br />Proposed Project Funding <br />u ASSESSMENTS CITY FUNDS TOTAL <br />$ 80,112.90 $ 371,754.41 $ 451,867.31 <br />Storm Sewer $ 12,671.40 $ 38,016.75 $ 50,688.15 <br />TOTAL $ 92,784.30 $ 409,771.16 $ 502,555.46 <br />Total Project Cost $ 502,555.46 <br />Less Special Assessments - $ 92,784.30 <br />Subtotal = $ 409,771.16 <br />Less City Bonding Funds - $ 371,754.41 <br />Subtotal = $ 38,016.75 <br />Less Stormwater Utility Funds - $ 38,016.75 <br />TOTAL Remaining Cost = $ 0 <br />Feasibility Report <br />Brookview Estates Street Reconstructions <br />City of Ramsey Project No. 19-02 <br />14 <br />