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When in the future an S JR warrants the construction of a signal system at the intersection <br />of TH 10 and 171st Avenue, MnDOT funds should be available for the two MnDOT legs <br />of the intersection. The City's share of the signal system cost for the 171 st Avenue leg <br />would be MSA-fundable. If in the future a signal system is justified at the proposed <br />intersection of County Road 12 and CSAH 13. County funds may be available for the <br />respective County legs of the intersection. <br /> <br />Proposed financing methods are shown in Table 2. <br /> <br /> TABLE 2 <br /> EAST ELK RIVER URBAN SERVICE AREA <br /> PHASE I IMPROVEMENTS <br />PROPOSED FINANCING <br />PROJECT AREA A <br />i Trunk Sanitary Sewer and Water Assessment <br /> <br />Lateral Sanitary Sewer and Water Assessment <br /> <br />$1,639,620.00 <br /> <br />$930,110.00 <br /> <br />Street Assessment $1,750,179.00 <br />Storm Drainage Assessment $396,653.00 <br /> Total Assessment i $4,716,562.00 <br /> Total Estimated Project CostI $6,647,074.00 <br /> Shortfall $<1,930,512.00> <br />PROJECT AREA B <br />Trunk Sanitary Sewer and Water Assessment $2,809,224.00 <br />Lateral Sanitary Sewer and Water Assessment $930,110.00 <br />?:reet Assessment $1,750,179.00 <br />Storm. Drainage Assessment $396,653.00 <br /> Total AssessmentI $5,886,166.00 <br /> Total Estimated Project Cost $8,070,374.00 <br /> Shortfall <$2,184,208.00> <br />PROJECT AREA C <br />'Dunk Sanitary Sewer and Water Assessment $4,205,142.00 <br />Lateral Sanitary Sewer and Water Assessment $930,110.00 <br />Street Assessment $1,750,179.00 <br /> <br />Storm Drainage Assessment <br /> <br /> $396,653.00 <br />Total Assessment $7,282,084.00 <br />Total Estimated Project Cost $12,210,558.00 <br />ShortSll $<4,928,474.00> <br /> <br />Feas-800.110 29 800-t l':~-J <br /> <br /> <br />