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CITY OF PEQUOT LAKES
<br /> TH 371 ROADWAY TURN BACK MEMORANDUM OF AGREEMENT
<br /> DESCRIPTION 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038
<br /> Revenues.
<br /> CSAH 11 funds from County $ 659,000 I'
<br /> CR 112 funds from County $ 893,000
<br /> Existing TH 371 funds from County $4,200,000
<br /> Interest income(2%average) $ 86,200 $ 86,124 $ 85,992 $ 85,803 $ 85,552 $ 85,237 $ 84,855 $ 84,403 $ 83,877 I$ 66,078 $ 65,051 $ 63,932 $ 62,720 $ 61,408 $ 59,992 $ 11,730 $ 9,161 $ 6,455 $ 3,609 $ 617
<br /> Expenditures.
<br /> TH 371 interchange City's share $ (372,000) I I
<br /> CSAH 11($659,000 inflated) $ (859,846)
<br /> CR 112 $ (500,000)
<br /> TH 371 mill/inlay($1,500,000 inflated) $ (2,336,951)
<br /> Snowplow/dump truck $ (200,000)
<br /> Salt shed $ (150,000)
<br /> Building addition $ (175,000)1
<br /> Operating expenses(annually) $ (45,000)1$ (90,000) $ (92,700) $ (95,481) $ (98,345) $ (101,296) $ (104,335) $ (107,465) $ (110,689) $ (114,009)1$ (117 430) $ (120,952) $ (124,581) $ (128,318) $ (132,168) $ (136,133) $ (140,217) $(144,424) $(148,756) $(153,219) $(157,816)1
<br /> 1Net income(loss) $4,310,000 1$4,306,200 $4,299,624 $4,290,135 $4,277,593 $4,261,849 $4,242,751 $4,220,141 $4,193,856 $3,303,878 1$3,252,526 $3,196,624 $3,135,975 $3,070,376 $2,999,616 $ 586,524 $ 458,037 $ 322,775 $ 180,474 $ 30,864 $(126,334)
<br /> ••Operating Expenses
<br /> Mowing,striping,crackfilling,plowing $ 39,000
<br /> Personnel promotion $ 21,000
<br /> Fuel $ 5,000
<br /> Repair/maintenance/services $ 15,000
<br /> Operating supplies $ 10,000
<br /> Total $ 90,000
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