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MAJOR CAPITAL PROJECT DESCRIPTION <br />FOR YEARS 2005 - 2008 <br />Proiected On oing Operating Cost Impact <br />Lane widening will be done, but no new traffic lanes will be constructed. New pavement and <br />separated drainage system will reduce overall operating and maintenance costs. <br />Ewing Avenue Improvements $5,300,000 (2005-2006) <br />Ewing Avenue pavement has deteriorated and is in need ofreplacement, improved drainage facilities <br />and intersection improvements. <br />Funding Source <br />Activi , Date LRSA, Federal <br />2005 $ 300,000 -LRSA <br />2006 5,000,000 -LRSA, Federal <br />TOTAL $5,300,000 <br />Proiected On oing_Operatin~ Cost Impact <br />Lane widening will be done, but no new traffic lanes will be constructed. New pavement and <br />separated drainage system will reduce overall operating and maintenance costs <br />South Side Economic Development Area $2,000,000 (2005) <br />The rejuvenation of South Side retail growth will require substantial investment in infrastructure to <br />benefit those prof ects. Annual expenditures can be expected for the next three years. Improvement <br />and expansion of Ireland Road is expected to be among the developer-generated demands. This will <br />include improvements to the drainage systems. Improvements shall be financed with TIF and STIF <br />revenue. <br />Funding Source <br />Activity Date TIF, STIF <br />2005 $2,000,000 - TIF, STIF <br />TOTAL $2,000,000 <br />Projected Ongoing_Operatin~ Cost Impact <br />Lane widening will be done, but no new traffic lanes will be constructed. New pavement and <br />separated drainage system will reduce overall operating and maintenance costs <br />COMMUNITY AND ECONOMIC DEVELOPMENT <br />Neighborhood Partnership Center Public Works $2,000,000 (2005-2008) <br />This project consists of small-scale neighborhood public improvements (i.e., curbs, sidewalks, <br />D-30 <br />