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CAPITAL IMPROVEMENT PROGRAM (CIP) YEAR 19~ <br /> <br />PROJECT DESCRIPTION <br /> <br />~ '~¢e' COMPLETE 1998 PROJECTS:. <br /> · Western Area Phase III trunk sewer and water project <br /> ~'~s ~ County Road 12 project <br /> ~/~s'~Upland Avenue and Highway 10 intersection and signal <br /> <br /> HIGHV~AY 169 PEDESTRIAN BRIDGE: <br /> Construction of a pedestrian bridge just north of School <br />~\LStreet over Highway 169 from the city water tower <br /> property to the MnDOT maintenance garage property. <br /> <br /> SURFACE WATER MANAGEMENT PROGRAM: <br /> Major reconstruction of the southern part of Ditch 28. <br /> <br /> Install a larger culvert under the railroad crossing at <br /> County Ditch 10 to control the increased surface water <br /> flow generated by residential and commercial <br /> development projects. <br /> <br /> gLD CORE VILLAGE STREETS/SIDEWALKS: <br /> ar one of~r reconstruction plan of the old core <br /> e streets and sidewalks.~. _ -t, <br /> <br /> Capital Improvement Program (CIP) Year - 1999 <br /> <br />COST AND FINANCING <br /> <br />SEE 1998 CIP NARRATIVE <br /> <br />$740,000 - The state will finance $400,000 of this projec~t <br />and the city will finance the balance through local <br />contributions (fundraising efforts by the Chamber of <br />Commerce) and Municipal State Aid funds. <br /> <br />$140,000 - The city will finance this through its surface <br />water management fund. <br /> <br />$110,000 - Surface Water Management Fund <br /> <br />Total projec m~00 0~us...Phase I is $175,000 with <br />50% to be financed by the city through its capital <br />projects and/or street reserves and 50% to be assessed <br />out to benefited property owners. <br /> <br />Page I <br /> <br /> <br />