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31 <br />APPENDIX A <br />PROJECT COSTS <br />(Capital Expenditures to be funded with Bond Proceeds) <br />The 2008 capital expenditure of approximately $1,800,000 for the City's portion of reconstruction of <br />Silver Lake Road is to be funded with $1,910,000 in bond proceeds. These expenditures are <br />anticipated due to the need to reconstruct Silver Lake Road for traffic flow and safety issues as a joint <br />project with Hennepin County (the County is financing their portion of costs separately). <br />City of St. Anthony, Minnesota <br />$1,190,000 General Obligation Street Reconstruction Bonds, Series 2008 <br />(Silver Lake Road Reconstruction) <br />Full Competitive Sale/15 Year <br />Sources & Uses <br />Dated 06/15/2008 1 Delivered 06/15/2008 <br />Sources Of Funds <br />Par Amount of Bonds $1,910,000.00 <br />Uses Of Funds <br />Total Underwriter's Discount (1,250%) 23,875.00 <br />Total Uses _._ - S1,910,000.00 <br />Ehlers & Associates, Inc. Page 8 <br />