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, <br /> Page 3 I <br /> BUDGET/TIME IMPLICATIONS: ��i <br /> The City's current yearly obligation will be between $1,500 and $1,600 which will increase or ',, <br /> decrease at a yearly percentage rate in accordance with price indexes published annually by the <br /> Association of American Railroads. At such time the City desires to improve one or all of the <br /> crossings, replacement costs will be approximately $50,000 per crossing for the initial <br /> replacement and 50% of cost for subsequent replacements. <br /> attach: 5 , <br /> cc: John Smith, Assistant City Manager of Public Services <br /> Tom Zeinz, Illinois Central Railroad <br />