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4/17/2024 <br />6 <br />Project Costs / Funding Breakdown <br />2024 STREET IMPROVEMENT PROJECT <br />City of St. Anthony Village, Minnesota <br />Funding Summary <br />Proposed Improvements Assessments City Cost Total <br />Total Mill and Overlay Improvements $701,900.00 $1,424,900.00 $2,126,800.00 <br />Total Salo Park Improvements $60,500.00 $60,500.00 <br />Total Silver Point Park Improvements $174,600.00 $174,600.00 <br />Total Proposed Improvements $701,900.00 $1,660,000.00 $2,361,900.00 <br />Project funding from Special Assessments and 429 Public Improvement Bonds <br />Assessments <br />•Assessment process follows Minnesota Statute Chapter 429 – Public <br />Improvements <br />•Written objection appeal must be presented in writing and signed by the <br />property owner prior to or at the hearing. <br />•Notice of appeal must be filed within 30 days after adoption of the <br />assessment. <br />•Interest rate is set at the time of assessment certification.