Laserfiche WebLink
August 31, 1998 <br /> Page 3 <br /> The funding mechanisms outlined on the previous table can be summarized as follows: <br /> Funding Mechanism Amount <br /> City of St. Anthony Street Improvement Fund $3,500,000 <br /> City of St.Anthony Stormwater Utility Fund $200,000 <br /> City of St. Anthony Bonds $1,100,000 <br /> Minnesota Department of Natural Resources $2,600,000 <br /> Federal Emergency Management Agency $700,000 <br /> Municipal State Aid Funds $To be <br /> determined <br /> Hennepin County Funds $To be <br /> determined <br /> Total $8,100,000 <br /> Previous conversations with the Department of Natural Resources have indicated that additional funding <br /> for flood improvements may be available if the City can justify the need and document the City's ability <br /> to provide matching funds. Therefore,using the above timeline and estimated costs,the City may be <br /> eligible for an additional$1.7 million above the currently allocated$2 million. This could bring the <br /> MDNR contribution up to a possible$3.7 million. <br /> If you have any questions please do not hesitate to contact me at 541-4800. <br /> sm/lv/nm <br /> r <br /> FAWPWI N065.21\083198-makih <br />