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7 <br />Project Funding <br />Budgeted/Programmed Funding: <br />•State Bonds = $20,000,000 <br />•Federal Grant = $10,000,000 <br />•MnDOT = $6,000,000 <br />•$3,000,000  Project Funding <br />•$3,000,000  additional project costs <br />associated with south frontage road <br />extension and the closure of Keats Avenue <br />•Washington County = $5,800,000 <br />•City of Lake Elmo = $5,000,000 <br />Total = $46,800,000 <br />Estimated Project Costs: <br />•Total = $50,050,000 <br />•City of Lake Elmo = ~$4,000,000 -$4,250,000 <br />•Existing Funding Gap = ~$4,000,000