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5.2 Funding Sources <br />The total project cost is projected to be approximately $2.1 million. Funding for the project <br />will come from the City's Street and Utility Reconstruction Funds (Public Improvement <br />Bonds), Water Utility Fund, Stormwater Utility Fund, Sanitary Sewer Utility Fund, and <br />Special Assessments to benefiting properties. <br />The City's policy for street assessment is based on front footage along improved roads. The <br />property owner is assessed 35% of total street and local drainage construction costs. Each <br />property owner that receives a new water service will be assessed 100% of the actual service <br />cost. <br />2013 STREET AND UTILITY IMPROVEMENTS <br />City of Saint Anthony Village, Minnesota <br />Project Costs and Proposed Funding Sources <br />Proposed Improvements <br />St. Anthony Village <br />Fundin Sources <br />Total <br />Assessable <br />City <br />Street Reconstruction <br />$444,303 <br />$825,134 <br />$1,269,437 <br />Sanitary Sewer Improvements <br />$0 <br />$193,287 <br />$193,287 <br />Water main 1111provenlents(0 <br />$37,088 <br />$285,661 <br />$322,748 <br />Storm Sewer Inprovenients(2) <br />$103,518 <br />$192,249 <br />$295,767 <br />Total** <br />$584,908 <br />$1,496,331 <br />$2,081,239 <br />1. Replacement of curb stops are assessed at 100% of the actual cost. <br />2. Local drainage imp, oremems. <br />** This project aNtcipales issuing 929 public improeemenl bmtds or general obligalion bonds <br />The difference to be paid,lnom Smtitnry Setter, Water, .Stotwt Waley Utility Funds. <br />2013 STREET AND UTILITY IMPROVEMENT PROJECT <br />FEASIBILITY REPORT <br />CITY OF ST. ANTHONY VILLAGE <br />WSB PROJECT NO. 1626-66 <br />PAGE <br />37 <br />