HomeMy WebLinkAboutCC Workshop Finance slides to insertOVERVIEW OF THE NUMBERS
SUMMARY
Total project costs projected by S.E. H. at $12M; split $2M the
responsibility of the County and $10M the responsibility of the City of
Lake Elmo
Project costs to spread out over two years with initial project financing
to be provided by WA County; to be repaid by the City over a 5 year
repayment period at 0% interest
OVERVEW OF THE NUMBERS (CONT’D)
PROJECT COSTS BY FUND
Water -$1.4M; zero assessments; 100% funded by water fund.
Sewer -$1.5M; 100% funded through assessments.
Regional Storm water -$3M; zero assessments; 100% funded by storm
water fund; City to establish storm water district.
Roadway/Landscaping –City share = $3.7M; approximately $1.0M to be
funded through assessments. The City has $700k to $900k in MSA
grant monies that could be applied to this project to contain costs and
limit impact to the annual levy/debt service.
Underground utilities and parking lot -$340k and $130k respectively.
Discussion being had on whether costs are assessable.