4.1. SR 06-02-1997 - Laserfiche WebLink

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4~97 CIP FINANCES CAPITAL PROJECTS FUND This reserve fund was created in order to allow the City to recapture MSA funds that are spent on a project which was also partially assessed out to the benefited property owners. About $570,000 (in principal only) is anticipated to be added to this fund over the next ten years through the assessment process. Additionally, this fund can also receive some revenue, as designated by the City Council, when improvement project bonds are defeased. No other annual revenues are received so the City must be careful in spending these limited funds. The Capital Projects funds are spent on street improvement projects, special projects as designated by the City Council, or to supplement under financed projects. Possible Projects: Outdoor Recreation Park Grant Old Township Roads 173rd/175th Avenues Tax Forfeited Land Purchases Dodge Avenue/5th Street Riverbank Improvement Project Improvement of the Railroad Trail Main Street/Highway 10 Waco or Zebulon Bridge Naples Street Dredging of Lake Orono Railroad Drive/3rd Street Concord Street County Road 12 Liquor Store Road 3rd Street/Gates Avenue Approx. 4/97 Balance ( Undesignated Cash) 1997 Revenues: assessments Sub -total 1997 Planned Expenditures: *Joplin Street *Lowell Avenue * 171st Avenue/Ulysses Street *Joplin Signal *Joplin Frontage Road Ice Arena balance Lake Orono Rip Rap Business Center Drive Water Mississippi Rip Rap Approx. Balance (Cash) $43O,0OO 150,000 $580,000 $101,000 47,500 57,000 78,000 81,000 20,000 8,000 20,000 25,000 $437,50O $142,500 Page 4 of 16