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Source of Funds: <br />The fund receives revenues from many sources, including the franchise fee for electricity, property taxes, <br />and special assessments. Further, projects associated with Stormwater Infrastructure have been moved <br />to the newly implemented Stormwater Utilities Fund 603. This fund has been implemented beginning in <br />2024 and is funded with the stormwater utility fee. <br /> <br />The City has been able to take advantage of significant grants and funding from other jurisdictions as well <br />as pursuing funding that have not yet been secured for the following proposed projects: <br />• 2025 – LC Road 4-3 $1,125,000 - Reimbursement from County - Secured <br />• 2026 – LC Road 4-3 $7,000,000 (Regional Solicitation- Met Council, State of Minnesota Local Road <br />Improvement Program, Highway Safety Improvement Program) - Secured <br />• 2026 – 2028 New bridge over 35E $6,850,000 – Not Secured <br />• 2028 and 2033 – Labore Trail project $2,500,000 - Met Council grant or other funding sources as <br />available – Not Secured <br /> <br /> - <br /> 2,000,000.00 <br /> 4,000,000.00 <br /> 6,000,000.00 <br /> 8,000,000.00 <br /> 10,000,000.00 <br /> 12,000,000.00 <br />2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 <br />Infrastructure Fund 450 -Revenues <br />General property tax levy Assessments Franchise Fees Intergovernmental Grants MSA Other <br /> <br /> <br /> <br />Uses of Funds and CIP highlights the next five years: <br />2026 Street Improvement Project - Total Budgeted $10,877,482 <br /> <br />• RR Crossing Little Canada Road - $90,000 <br />• Country Drive – LC Rd to So Owasso - $1,190,000 <br />• LC Road 4-3 and Roundabout - $8,703,750 <br />• County Road C - $390,000 <br />• 35E LC Road Signal Replacement - $70,000 <br />• Roadbotics Street Survey - $10,000 <br />• New Ped Bridge Over 35E - $400,000 <br /> <br />8