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4~96 <br /> <br />CIP FINANCES <br /> <br />CAPITAL PROJECTS FUND <br /> <br />This reserve fund was created in order to allow the City to recapture MSA <br />funds that are spent on a project which was also partially assessed out to the <br />benefited property owners. About $480,000 (in principal only) is anticipated <br />to be added to this fund over the next ten years through assessments. <br />Additionally, this fund can also receive some revenue, as designated by the <br />City Council, when improvement project bonds are defeased. No other annual <br />revenues are received so the City must be careful in spending these limited <br />funds. The Capital Projects funds are spent on street improvement projects, <br />special projects as designated by the City Council, or to supplement under <br />financed projects. <br /> <br />Approx. 1/96 Balance ( Undesignated Cash) <br />1996 Revenues: assessments and interest <br /> Sub-total <br /> <br />$245,000 <br /> 100,000 <br />$345,000 <br /> <br />1996 Expenditures: <br /> Part of Joplin Frontage Road <br /> Dodge Avenue and 5th Street <br /> <br />Approx. 1/97 Balance (Cash) <br /> <br />1997 Revenues: assessments and interest <br /> Sub-total <br /> <br />$ 70,000 <br />$ <br /> <br />1997 Expenditures: <br /> Part of 197th Signal <br /> School Street and <br /> School Street/Co. Rd 1 Intersection <br /> <br />Balance at end of 1997 <br /> <br />Possible Projects: <br /> Outdoor Recreation Park Grant <br /> Old Township Roads <br /> 173rd/175th Avenues <br /> Tax Forfeited Land Purchases <br /> Dodge Avenue/5th Street <br /> Riverbank Improvement Project <br /> Improvement of the Railroad Trail <br /> Main Street/Highway 10 <br /> 3rd Street/Gates Avenue <br /> <br />Parks and Trails Improvement <br />Waco or Zebulon Bridge <br />Naples Street <br />Dredging of Lake Orono <br />Railroad Drive/3rd Street <br />Concord Street <br />County Roads I and 12 <br />Liquor Store Road <br /> <br />Page 3 of 13 <br /> <br /> <br />