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Financing Considerations <br />■ $1,885,000 Project Cost <br />■ 15 -yr Bond with P+I = $2,486,960 (3.658% Interest) <br />■ 20 -yr Bond with P+I = $2,776,958 (4.003% Interest) <br />Scheduling Considerations <br />■ Project Every Year = City Complete in 2025 <br />■ Project Every Other Year = City Complete in 2040 <br />Next Step <br />' Order 2011 Feasibility Report <br />■ Accept Feas. Report Order Final Plans <br />• Neighborhood Meeting <br />• Approve Plans and Order Bids <br />" Open Bids and Compute Assessments <br />• Neighborhood Meeting <br />• Assessment Hearing <br />■ Begin Construction <br />", . -1110 <br />Jane 8, 2010 <br />August, 2010 <br />September, 2010 <br />October, 2010 <br />December, 2010 <br />February, 2011 <br />February,2011 <br />May,2011 <br />in 'IF <br />i a Cl <br />M11 <br />3 <br />