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The funding for this Project is calculated as shown below. <br />Project Funding <br />Assessments $ 2,615,109.05 <br />Assessments on Pi.blic Property $ 260,697.78 <br />(Supported by Tax Levy) <br />Trunk & Trail Credits $ 429,245.00 <br />General Tax Levy $ 2,277,948.07 <br />Total Project Cost $ 5,583,000.00 <br />IX. SUMMARY AND RECOMMENDATIONS <br />As provided in this Report, West Shadow Lake Drive has been identified as a candidate for <br />reconstruction in accordance with the City's Pavement Management Plan. In addition to <br />stormwater and drainage improvements, the proposed Project also includes watermain, <br />sanitary sewer, and trail improvements. <br />The proposed improvements are considered necessary and feasible. It is recommended <br />that the City of Lino Lakes proceed with the improvement process and schedule as <br />described in this Report, <br />This report represents an estimated statement of project costs based on a preliminary <br />design using City standard specifications for public improvements. The purpose of the <br />report is to provide the council and the general public with the probable costs of <br />construction and a proposed assessment amount in accordance with City Charter and <br />Minnesota Statutes. In the event that the project funding is allowed under City Charter <br />provisions including approval in the general election a detailed final design process would <br />be initiated. The final design process will include additional neighborhood input, design <br />alternatives, and redefined cost estimates based on final design as directed by City <br />Council. <br />Page 13 13849.005 <br />