Laserfiche WebLink
• MEMORANDUM <br /> DATE: October 8, 1998 <br /> TO: Mayor and Councilmembers <br /> FROM: Michael Mornson, City Manager <br /> ITEM: REVENUE PROJECTIONS FOR FLOOD <br /> IMPROVEMENTS <br /> WSB & Associates, Inc. has estimated expenditures: $8,100,000 <br /> We have estimated revenues as follows: <br /> 1. Street Improvement Bonds (over 5 years to be paid <br /> back via Assessment Policy - 65% levy; 35% assessment): $3,500,000 <br /> 2. DNR (grant): $2,600,000 <br /> 0 . 3. FEMA (grant)-. $ 719,000 <br /> 4. Storm water utility account (cash on hand): $ 200,000 <br /> 5. Storm sewer bonds (to,be paid back with storm sewer <br /> charges - $13 a quarter) $1,200,000 <br /> APPROXIMATE TOTAL OF FUNDS AVAILABLE $8,219,000 <br /> 7. Municipal state funds and Hennepin County funds <br /> have yet to be determined.. ° <br /> 8. Emerald Park project is not included in project <br /> expenditures. <br /> WSB & Associates estimated costs for Silver Point <br /> and Central Parks improvements: $1,200,000 <br />