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Middle Miss is si i Kivu <br /> 1�Y atershed Manageynent Organization <br /> SEMI Expenditures in 2002. <br /> Design and construct a stormwater sewer from the south end of 24th Ave. Southeast to a regional stormwater <br /> management pond located on property owned by the MCDA at 670 25th Ave. SE. Cost is estimated to be <br /> $1,910,000. The storm sewer will cross under the Union Pacific and BNSF rail yards providing surface water <br /> drainage needed for a planned extension of Kasota Ave. and for development that is expected to occur on the <br /> southerly side of that road. <br /> Design and construct a regional storm water management pond at 670 25th Ave. SE that will serve development <br /> planned for SEMI. Cost is estimated to be $910,000. <br /> Landscape the Regional stormwater management pond. Cost is estimated to be $110,000. <br /> Total cost of MMRWMO activities planned for SEMI in 2001 is $2,930,000. Other sources of funds for this work <br /> are listed along with other capital expenditures on the attached table. <br /> Southeast Minneapolis Industrial Area <br /> SEMI <br /> Uses <br /> . Acquisition 2,240,000 <br /> MCDA 127,500 sq. ft. 140,000 <br /> Road construction 230,000 <br /> Pond 910,000 <br /> Stormwater Mgt 1,910,000 <br /> Sanitary 1,220,000 <br /> Water 1,000,000 <br /> Landscaping 110,000 <br /> Relocation 1,700,000 <br /> Total $9,460,000 <br /> Sources <br /> Proceeds 700,000 <br /> TI / HSSD 4,000,000 <br /> MMRWMO (2002) 1,000,000 <br /> MSA (2003) 571,000 <br /> DTED Redevel 689,000 <br /> MILES 1,500,000 <br /> Empowerment Zone 1,000,000 <br /> Total $9,460,000 <br /> TI of $4,000,000 = approx. 150,000 sq. ft. bldg at $100/sq. ft. at 8% for 15 years. <br /> 14.5 acres <br /> 631,620 sq. ft. <br /> Middle Mississippi River Watershed Management Organization <br /> 250 South Fourth Street, Rm.401,Minneapolis,MN 55415 <br /> Office: 612.673.5897 Fax: 612.673.2522 <br />