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<br />Estimated Cost of Construction <br /> <br />· Right-of-Way $484,000 <br />(Estimated $80,000/ acre for purchase and overhead) <br />· Street Construction $1,485,000 <br /> <br />C. POSSIBLE FUNDING SOURCES <br /> <br />· Municipal State Aid Funding (City's annual allotment approximately $700,000) <br />· Federal Funding 01ery competitive and does not cover right-of-way acquisition) <br />· Developers <br />· City <br />· J\ssessment <br /> <br />D. POSSIBLE SCHEDULE <br /> <br />Gather more information <br />Hold public informational meeting <br />Determine layout/ alignment/ right-of-way <br />J\pply for Federal funding <br />Hold public hearing/adopt alignment <br />Right-of-way acquisition <br />Design project <br />Construction <br />Project complete <br /> <br />Summer 2005 <br />Fall 2005 <br />Winter 2005-2006 <br />December 2005 <br />Spring 2006 <br />Summer 2006 - Fall 2007 <br />Fall 2007 -Spring 2008 <br />Summer 2008 <br />Summer 2009 <br /> <br />S:\EngineerImprovProj\200S Improvement Projects\193rd Avenue Corridor\06 02 05 draft outline.doc <br />Page 2 <br />