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5 104 Funding for this project (estimated to cost $10 million dollars) will come from various • sources such as grants, road improvement bonds, storm sewer bonds, storm water fees and reserves. In 1999, the City secured a $1.8 million dollar grant from the DNR and an additional $2 million in 2000. The Harding Street Holding Pond Project is in the development stage and we anticipate it to be underway by 2001. Capital Equipment Purchases The Capital Equipment Budget for year 2001 totals $503,400. Funding for these expenditures will come from various sources including: the annual General Fund Transfer, Lauderdale/Falcon Heights contract revenues, interest earnings, trade/sale of existing equipment and 1999 and 2000 liquor profits. The Police Department has requested that 3 squads and related equipment be replaced, upgrading their State computer system and a S&W computer identification kit and Pro Copper seats. Fire has requested that all turnout gear be replaced to comply with existing safety regulations, the purchase of a self-contained breathing apparatus, replacement of the • defibrillators, and the rebuilding of Engine #21. Finance/Administration's capital equipment costs are associated with the upkeep and maintenance of the City computer network. Public Works has requested a slope mower to efficiently mow the various holding ponds in the City. Without this type of mower, these areas are difficult, time consuming and cumbersome to mow. In addition, they are in need of a leaf vacuum and two trucks are in need of replacement. A review of year 2001 Capital Equipment revenues and expenditures are as follows: Revenues General Fund Transfer $ 75,000 Police Contracts $ 54,800 W/S Transfer $ 12,900 Interest Earnings $ 1,000 Trade/Sale of Existing Equipment $ 7,500 Capital Equipment Fund Balance $ 170,975 1999 Liquor Profits $ 90,225 2000 Liquor Profits 91,000 Total $503,400