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Pine Street $18,851 $130,000 15% <br /> South Heath <br /> Street $9,177 $49,500 19% <br /> South Oak Street $4,703 $78,750 6% <br /> South <br /> Washington Ave. $9,034 $52,500 17% <br /> Spruce Street $19,618 $128,000 15% <br /> Tower Square $330 $25,625 1% <br /> West Butler <br /> Street $27,067 $72,000 38% <br /> West Grove <br /> Street $46,862 $268,750 17% <br /> West Lake Street $16,844 $116,100 15% <br /> West Sibley <br /> Street $28,132 $234,200 12% <br /> West Woodman <br /> Street $23,375 $104,400 22% <br /> TOTALS $589,508 $2,920,286 18% <br /> In short,while the public enjoys the"assets"(streets)throughout these <br /> neighborhoods,maintaining that enjoyment is going to cost the Pequot Lakes <br /> taxpayers more than$2.3 million above what revenue is generated from these <br /> neighborhoods. It is not clear who is going to pay that expense,especially when we <br /> suspect that many other neighborhoods throughout the City have similar financial <br /> deficiencies'. <br /> You may be asking yourself how we got here,how we were able to sustain things this <br /> long if our core neighborhoods are so financially insolvent.The reality is that most of <br /> 'Note that I have been advocating for years that we prepare a real Capital Improvements Plan.A real CIP <br /> would not simply be a wish list of projects that we want to do but a full accounting of all of the liabilities <br /> associated with our assets.Contrary to the assertions voiced by one City Council member,we have no such <br /> accounting. <br />