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Estimated Project Cost Recovery: <br />Water Main Assessments: $ 243,540 (10 %) <br />Sanitary Sewer Assessments: $ 36,080 (2 %) <br />Storm Assessments: $ 48,600 (2 %) <br />Street Assessments: $ 238,750 (10 %) <br />Sanitary Sewer Utility Fund: $ 1,107,480 (48 %) <br />Driveway Replacement Program: $ 30,000 (1 %) <br />WAC Fund: $ 60,000 (3 %) <br />Environment Utility Fund: $ 85,000 (4 %) <br />City of Little Canada: $ 179,900 (8 %) <br />City general tax IevV: $ 285,000 (12 %) <br />Total $ 2,314,350 (100 %) <br />The City's goal is to have 50% of the project costs assessable to improved properties. <br />Total projected costs for water utility extension for this neighborhood is estimated at <br />$496,815 and the water main special assessments would recover 49% of the cost, <br />which is in line with meeting the City's goal. Also, considering the contribution costs <br />from the City of Little Canada for drainage related improvements to Beam Avenue, the <br />improved properties in Maplewood would cover almost 40% of all drainage related <br />improvements through the special assessment. Sanitary sewer costs would be covered <br />by funds available in the sanitary sewer utility fund along with $36,080 recovered <br />through special assessments to improved properties. The sanitary sewer fund <br />contribution reflects associated street replacement costs for installing the sanitary <br />infrastructure, including the possible street replacement of Keller Parkway due to the <br />utility extension. Approximately 12% of the total project cost would be funded through <br />general obligation bonds according to the funding breakdown. <br />PROJECT SCHEDULE <br />The following schedule may be implemented, should it be determined to proceed with <br />the project: <br />Receive feasibility study and order public hearing 01/28/08 <br />Public hearing 02/11/08 <br />Authorize preparation of plans and specs 02/11/08 <br />Approve plans and specs /authorize advertisement for bids 03/24/08 <br />Bid date 04/18/08 <br />Assessment hearing 04/28/08 <br />Accept bids /award contract 04/28/08 <br />Begin construction 05/05/08 <br />Complete construction 10/30/08 <br />Assessments certified to Ramsey County 10/08/08 <br />10 <br />20 <br />