FY 24 APPROVED CAPITAL BUDGET BOOK

Magnolia Sewer Petition

SEWER Project Number: Council District:

Operating Budget Impact

S205428

B

Revenues:

Location:

Edgewood

Expenditures: Cost Savings: None:

Est. Debt Service:

$1,785

(annual)

X

Expended/Encumbered as of 1/9/23: $51,291

Project Schedule/Status: Preliminary design is complete. Design in 2021-2022 and construction anticipated for 2023.

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

Cost Element

Prior

FY 2024 Approp Total

FY 2025 FY 2026 FY 2027 FY 2028 FY 2029

TOTAL

Engineering/Design Land Acquisition

85,000

85,000

85,000

0

0

Construction

604,500

604,500

604,500

Inspection Fees

0 0

0 0

Equipment/Furnishing

Total Cost:

689,500

0

689,500

0

0

0

0

0

689,500

FUNDING SCHEDULE

R7100 Prior Bonds R3399 State Other R7910 State Loan

85,000 72,000 532,500

85,000 72,000 532,500

85,000 72,000 532,500

0 0

0 0

Total Cost:

689,500

0

689,500

0

0

0

0

0

689,500

438