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CAPITAL IMPR O VEMEI PROGRAM (CIP) YEAR- 2001 <br /> <br />PROJECT DESCRIPTION <br /> <br />..77 <br /> <br />COMPLETE 2000 PROJECTS:. <br />Central Business District sidewalks and Mississippi <br />River path. <br /> <br /> NORTHWEST AREA WATER TOWER WELL AND <br />e~-TREATMENT BUILDING: <br /> Construct a well, tower, and treatment building in the <br /> northwest area of the urban district. <br /> <br /> FIRE DEPARTMENT SATELLITE FACILITY: <br /> Construction of a satellite fire station in the <br />,~,northwestern part of the community. THIS PROJECT <br />~.~,v~t[~'-' OWlLL ONLY PROCEED IF APPROVED BY A PUBLIC <br /> ~P~F~ ERENDUM. <br /> <br /> _Consm~tio_g of a cgmmun_itY_~cent~ n d o~ <br /> iTHIS PROJt~;~"~ILL O~,Y PROCEED IF %------ <br /> APPROVED BYA PUBLIC REFERENDUM. J <br /> <br />OLD CORE VILLAGE STREETS/SIDEWALKS: <br />Year~ a five year reconstruction plan of the old <br />core village streets and sidewalks. <br /> <br /> TYLER STREET: <br /> Construct Tyler Street from County Road 12 to 171~t <br /> Ave~u~_~P~t 4nclude_s~_Ee de st rian trail. <br /> <br />Capital Improvement Program (CIP) Year - 2001 <br /> <br />COST AND FINANCING <br /> <br />SEE 2000 CIP NARRATIVE <br /> <br />$1 million - The city will bond for this project in 2001 <br />and these bonds will be repaid from annual water <br />utility revenues over a 15 year period. <br /> <br />$1 million - Will be funded by a general tax levy <br />through a voter approved pubhc referendum bond. <br /> <br />$4 million - Monies will come from a general tax levy if <br />the voters approve a public referendum bond for this <br />project. <br /> <br />Total project is $800,000 plus...Phase III is $150,000 <br />with 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 />$1.5 million - will be funded through a development <br />project and with City MSA funds. <br /> <br />Page i <br /> <br /> <br />