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SEP -22-1998 09:08 WSB & ASSOCIATES INC. 6125411700 P.05/05 <br />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 determined <br />Hennepin County Funds To be determined <br />Total $8,100,000 <br />Previous conversations with the Department of Natural Resources have indicated that <br />additional funding for flood improvements may be available if the City canjustify the need <br />and document the City's ability to provide matching funds. Therefore, using the above <br />timeline and estimated costs, the City may be eligible for an additional $1.7 million above <br />the currently allocated $2 million. This could bring the MDNR contribution up to a possible <br />$3.7 million. <br />If you have any questions please do not hesitate to contact me at 541-4800. <br />�1C�7 <br />F"�WFVMI 06S.2 VZ33191- mJh <br />TOTAL P.05 <br />