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EXHIBIT B - PROJECT BUDGET <br />CITY OF LINO LAKES <br />Total project as outlined in the City's project program activities has been estimated at $137,180. <br />Of this amount the City proposes to finance 71% or $97,180 using City funds, and finance the <br />remaining 29% using the $40,000 loan. Total project cost estimate is based on miscellaneous <br />sanitary sewer system rehabilitation. <br />An itemized breakdown of the project costs have been summarized in a table included with a <br />letter from the City's Consultant, Short, Elliott, Hendrickson, Inc., dated February 24, 1998 and <br />is attached an hereby part of Exhibit B. <br />(See attached summarized study cost table) <br />