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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />First Assessment Payment with Real Estate Taxes <br />Place Final Bituminous Lift <br /> <br />May 2008 <br />Summer 2008 <br /> <br />XII. CONCLUSION <br /> <br />The total estimated project cost for street, storm sewer, and watermain including <br />overhead costs is $3,355,000. The project is necessary and cost-effective. As <br />previously stated, this cost will be financed through a combination of assessments to <br />benefiting properties, Elk River Municipal Utilities funds, and City funds. <br /> <br />Based on the information gathered and the analysis presented, the proposed <br />improvements discussed in this study are feasible from an engineering standpoint. <br /> <br />9 <br />