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CT AND <br /> <br />221ST AVENU>;: <br />Realign and reconstruct gravel road <br />HIGI3WAY 10 TURN LANE: ~ p°u~~ <br />Improve westbound Highway 10 turn lane at Oxford Avenue <br />CONCORD STREET: (cn h~l~ <br />Reconstruction of private gravel road to City standards <br />GREENHEAD ADDITION OVERLAY: <br />PETERSON ADDITION OVERLAX: <br />1-1/2 inch overlay street improvement project <br />CITY MAINTENANCE: <br />Overlay and seal coat City streets where necessary <br />I'AIRGROUND PARI~ING LOT: <br />Purchase land from the County, improve drainage and construct <br />bituminous improvements ~) <br />C~rc~ovf has c~~~~e <br />Capital Improvement Program (CIP) Year - 1~J9A/Q~ <br />COST <br /> <br />$120,000 -City Street Reserves <br />$22,000 -City Street Reserve <br />$116,000 -The City will bond for this <br />project in the summer of 1994. <br />Assessments to the 13 benefited property <br />owners will pay. off this bond over a 10 year <br />schedule. <br />$84,000 -The City will bond for this project <br />in the summer of 1994. Assessments to the <br />55 benefited property owners will pay off <br />this bond over a 5 year schedule. <br />$75,000 -General fund Budget <br />$225,000 -City Street Reserve funds plus <br />the possible use of the NSP Contribution <br />fund, Capital Projects fund, or Liquor Store <br />Reserves <br />Page 3 <br />