City officials have submitted an application for Community Development Block Grant (CDBG) funding to assist with the reconstruction of Maize Street, E. Madison Street and Paulina Street.
The application was prepared due to some unexpected funds that are remaining for this cycle of CDBG funding. Originally, the city had budgeted $165,500 for undecided street reconstruction. funds had not been budgeted for utility reconstruction so it would likely have been an area in which only pavement would be replaced. Once they learned that some grant money could be available, they submitted an application for Maize Street and compiled an estimated breakdown of project costs that could include water, sanitary sewer, storm sever, and repaving, as opposed to repaving only.
The city could receive grant funding between 20 and 40 percent of the total project cost. The total project cost for the project with no grant funding is $605,340. The cost with 20 percent grant funding ($110,062) is $550,310. The cost with 30 percent grant funding ($165,093) is $495,280, and the cost with 40 percent grant funding ($220,123) is $440,249.
“Once we are notified of the final grant award amount, we will ask the City Council to make a final decision, as we will know how much we need to fund,” said City Administrator Lisa Kuss. “If we proceed, it would be our intent that we use our regular capital public works and utility funds for the project.”
The city is also considering the reconstruction of Bennett Street, including the Sixth Street intersection. This project would be completed if Tax Increment Financing (TIF) monies can be secured. The project includes new sanitary sewer, water, storm sewer, and street construction. The estimated total project cost is $225,458. A recommendation on whether or not to pursue this project will be given by the Joint Review Board to the City Council in April or May.