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Riverdale Drive Development Initiated Expansion and Safety Improvement Project <br />Scenario 4d: Time Sensitive (2020 Approval) Scenario w/Public Works Committee Recommendation <br />Total Project Costs <br />Anoka County Parcel <br />$ 639,750 <br />Pearson Properties Parcel <br />$ 1,066,250 <br />Total Project Costs <br />$ 1,706,000 <br />Pearson Properties Parcel <br />Pro-Rata Frontage Costs <br />$1,066,250.00 <br />Potential Funding Sources <br />MnDOT LPP Grant Allocation <br />$188,000.00 <br />Municipal Contribution to Collector <br />Road <br />$200,000.00 <br />Assessment Amount <br />$678,250.00 <br />Preliminary Assessment ROI] <br />Property/Party <br />Percentage <br />Assessment Amount <br />Capstone/Riverstone South <br />50,00% <br />$339,125.00 <br />Pearson/Commercial/Industrial <br />50.00% <br />$339,125.00 <br />Total <br />100.00% <br />$678,250.00 <br />Anoka County Parcel <br />Roadway Costs <br />$639,750.00- <br />MnDOT LPP Allocation <br />$522,000.00 <br />Unallocated Public Contribution <br />$117,,750.00 <br />To be split evenly between City, Pearson, Capstone per PWC <br />Total Contributio by Party: Cost Share with Pearson and Capstone <br />Pearson Frontage <br />Anoka County Frontage <br />Total <br />Property/Party <br />Amount <br />Percentage <br />Amount <br />Percentage <br />Amount <br />Percentage <br />City/Public Dollars <br />$388,000 <br />36.39% <br />$39,250 <br />33.3% <br />$427,250 <br />36.1% <br />Capstone/Riverstone South <br />$339,125 <br />31.81% <br />$39,250 <br />33.3% <br />$378,375 <br />32.0% <br />Dobbs/Commercial/Industrial <br />$339,125 <br />31.81% <br />$39,250 <br />33.3% <br />$378,375 <br />32.0% <br />Total <br />$1,066,250 <br />100.00% <br />$117,750 <br />100.0% <br />$1,184,000 <br />100.0% <br />Total Project: Public versus Private Dollars <br />Amount <br />Percentage <br />MnDOT Grant <br />$710,000 <br />42% <br />City Dollars (including unallocated from County Parcel) <br />$239,250 <br />14% <br />Private Dollars <br />$756,750 <br />44% <br />Total <br />$1,706,000 <br />100% <br />Note: Developer recommends that they should not be responsible for solving for frontage on Anoka County <br />Property. Feels City's contribution should be higher. <br />^'56% Public Dollars <br />