FY 23 APPROVED CAPITAL BUDGET

Magnolia Sewer Petition

SEWER Project Number: Council District:

Operating Budget Impact

S205428

B

Revenues:

Location:

Edgewood

Expenditures: Cost Savings: None:

Est. Debt Service:

$2,125

(annual)

X

Expended/Encumbered as of 2/9/22: $15,672

Project Schedule/Status: Design in 2021-2022 and construction in 2022.

PROJECT DESCRIPTION: This project involves the planning, land acquisition, design and construction of a gravity sewer to service the Magnolia sewer petition area. This petition project is located along Magnolia Road, just south of the intersection of Magnolia Road and Hanson Road. There is $72,000 expected in grant funding from the Stormwater Management Septic System Disconnection Program.

EXPENDITURE SCHEDULE

Approp Total

Cost Element

Prior

FY 2023

FY 2024 FY 2025 FY 2026 FY 2027 FY 2028

TOTAL

Engineering/Design Land Acquisition

85,000

85,000

85,000

0

0

Construction

607,500

607,500

607,500

Inspection Fees

0 0

0 0

Equipment/Furnishing

Total Cost:

692,500

0

692,500

0

0

0

0

0

692,500

FUNDING SCHEDULE

R7100 Prior Bonds R3399 State Other R7910 State Loan

85,000 75,000 532,500

85,000 75,000 532,500

85,000 75,000 532,500

0 0

0 0

Total Cost:

692,500

0

692,500

0

0

0

0

0

692,500

411