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<br />As it can be noted in fund 450 graph beginning with 2027 the fund is running a large deficit fund <br />balance. The deficit is projected since an additional street project was identified after the October <br />11th workshop. If this project is excluded the fund is projected to maintain a positive fund balance <br />for the next ten years. <br />The additional project relates to the trail portion of the Labore Road street project (Centerville to <br />County Road D) and was included for completion in 2027 at 2.5 million. This project can <br />potentially be funded with a Metropolitan Council grant or other grant sources. If the grants are <br />awarded, it could potentially fund the entire Labore project or only a part. The total project cost is <br />estimated at 5.3 million. Currently the project is scheduled to be completed in three phases: 2027 <br />for 2.5 million, 2031 for $990,000 and 2033 for $1,854,000. Since the grant award is unknown <br />revenues have not been included in the below fund balance projection. If grants are not awarded <br />and the City still desires to move forward with the project, additional revenues (2.5 million) would <br />need to be identified. Since the amount is very large, bonding might be the only available option. <br /> <br />The General Capital Improvement Fund 400 is projected to carry a positive fund balance. <br />