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City of St. Anthony 19 <br /> February 24, 2000 <br /> Page 3 <br /> • Central Park Project <br /> Projected Cost: $ 1,000,000 <br /> Revenue Sources <br /> Abatement of Evergreen TIF District when it is <br /> closed out- $5.1 million abatement generates (640,000) <br /> Unfunded park portion (360,000) <br /> This shortfall in revenue for this project could be made up from internal revenue from the Water <br /> Filtration Fund and liquor store profits if a referendum were passed on the Public Works <br /> Building. <br /> Fire Station Project <br /> Projected Cost: $ 1,000,000 <br /> Revenues Available -0 <br /> • revenue issue there are no internal funds <br /> If the City funds the Public Works Building as a lease , <br /> available to finance the Fire Station. <br /> Potential sources are: <br /> • Sale of the current Fire Station site <br /> • A GO referendum, either stand-alone or coupled with the Public Works Building <br /> Liquor Store <br /> Projected Cost: $ 19000,000 <br /> Liquor stores are generally funded through liquor profits. In this scenario of project funding, we <br /> are pledging liquor revenues to the Public Works Building. The only sources of revenue that are <br /> available until 2012, when current bonds are paid off on the SAV II store in 2012, are: <br /> • Sale proceeds of Stone House <br /> • Liquor profits, if referendum passes <br /> • <br />