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INFORMATION <br />MEMORANDUM <br />TO: Mayor and City Council <br />FROM: Tim Simon, Finance Director <br />DATE: March 7, 201 <br />SUBJECT: Update on Great Northern Trail & 221st Intersection Solar <br />Energy Legacy Grant Application <br />We have received preliminary notice that our project was selected to be funded from the <br />Solar Energy Legacy Grant allocations. The grant is a State match up to 75% of the project <br />cost. We had requested $90,113 from the State. The preliminary indications are that we will <br />be receiving $70,000 for the project. The grant committee met and determined based on <br />competitive bidding that we anticipate the project cost to come down to fully utilize the <br />$70,000. In addition, we will plan on listing several alternative items to make sure we don't <br />exceed the $30,037 City contribution which is coming from the intersection enhancement <br />budget fox 2011. <br />Proposed Grant Budget (original) <br />DNR Grant $90,113 <br />Ciry of Elk River 30.037 (intersection enhancement budget) <br />Total <br />C:\Users\jmiller\AppData\Local\Microsoft\Windows\Temporary Internet <br />Files\Low\Content.IES\3YKKTGF3\updateonGNTsolarproject[1].doc <br />