Laserfiche WebLink
Mr. Joel Hanson, City Administrator <br />City of Little Canada <br />Page 7 <br />Past Construction Deficits: <br />The excess MSA Allotments from the Demont Avenue Project is planned to be the City's ro m arv] <br />sod for financing other MSA project deficits. The existing and projected deficits to be so financed <br />are summarized as follows: <br />Project <br />1981 -12 Country Drive <br />1981 -14 So. Owasso Blvd. <br />1983 -27 Country Drive <br />1984-13 Bridge Repair. <br />Balance 12/31/91 <br />Estimated 1992 -1993 <br />1985 -5 Keller Parkway <br />1987 -4 Country Drive <br />1988 -11 Country Drive <br />1988 -14 Country Drive <br />Totals <br />MSA <br />$134,610 <br />111,124 <br />244,596 <br />177,480 <br />12,349 <br />$680,159 <br />Construction <br />Costs <br />$151,842 <br />126,924 <br />282,611 <br />220,406 <br />52,180 <br />708 <br />15,469 <br />13,135 <br />9,991 <br />$873,266 <br />Deficit <br />($17,232) <br />(15,800) <br />(38,015) <br />(220,406) <br />125,300 <br />(708) <br />(15,469) <br />(786) <br />(9,991) <br />($193,107) <br />Excess MSA Allotments - Demont: <br />December 31, 1989 $242,000 <br />December 31, 1991 94,450 336,450 <br />REMAINING EXCESS - DECEMBER 31, 1992 $14 3 <br />As shown above, the excess MSA allotments from the Demont Avenue Project will fully finance all <br />past MSA project deficits phis leave a remaining balance of $143,343 for future City use. It <br />should be noted that this is only a recommended plan at this time. The City Council has formerly <br />approved the $242,000 and $94,450 transfers. The City Council has not yet approved the <br />designation of these excess MSA allotments as I have recommended. Such approval should be <br />obtained in 1992. <br />Page 38 <br />