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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 />TABLE 2 <br />Proposed Project Funding <br />ASSESSMENTS CITY FUNDS TOTAL <br />Surface <br />$ 80,112.90 <br />$ 371,754.41 <br />$ 451,867.31 <br />Storm Sewer <br />$ 12,671.40 <br />$ 38,016.75 <br />$ 50,688.15 <br />TOTAL <br />$ 92,784.30 <br />$ 409,771.16 <br />$ 502,555.46 <br />Total Project Cost <br />Less Special Assessments <br />Subtotal <br />Less City Bonding Funds <br />Subtotal <br />Less Stormwater Utility Funds <br />$ 502,555.46 <br />$ 92,784.30 <br />$ 409,771.16 <br />$ 371,754.41 <br />$ 38,016.75 <br />$ 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 />