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f~+arttlin~ s,nii le:gwi.l 2"ra <br />l.rt~pet;tion and tc;st.it~~ ~~a~p <br />G~nGiGl~cancies" l ~`~ ~, <br />The above; pr~aje~:t costs do neat inc:luds~ the cost of driveway pttivirts. ~c:cause driveways <br />arr; private; prc~ptrty ~tnc1 riot a porCit?rt ot'the p4tlalic: street each clrivc;way shall be <br />rness~tred by ar~;ti anr~1 material anc~ will be bile:~l in~li icl~ually to eacb, prap~:rty.-The <br />estitntttc:d cost for driveway paving is c:stirrtettc~d tea be: $3,C?q p~:r scluar~ toot,. <br />EIN~iNCING <br />Tice total project costs consist of the construction costs, property and easement <br />Ficcluisition casts, anci the: overhead costs listed above. The project. costs' have. also been <br />ciivideci betvvc:en those: costs assUCiated vvich the: street impreavements and those related to <br />the improved storm wGttcr system, ~.ll casts ~ts:~ociated wtCli tha storm water <br />impr~~ve;tnenty, irtcl~tding drainage artd utility c:ase:m~;nts shall be tinancc;d throubh the <br />CiG'y s ~tcarrn ~i4"atc:r t~Ttility, `T"1~~: prrape~rty acr~,usi'tiran c:c~~ts ~issocitited.tivith tae lSM'~~ <br />~1,venu+ cortt~,ecttat~ shall b~: txn~tnced th:rougla the City's general fund. r~v~;n~t~:s, `I°11~: co:~ts <br />~,ss,ac;anteMci with the str~:ct imprcaverrtents shall. ~~ tirtttnced,~t~e h411t (3t)°Juj tl~oGi~h slaecaiu.l <br />nsses:~;merst~ tea the ben.~~ited propc;rtic:s t~,cljGtc.etlt tta tk~~ it~pr~vc;.cl streets c;~artsist~nt with. <br />[~~li,n.nesot;~ ~itaC~: Stat~,ttes ~?~) at"td Ckty catT~at~~~iey C't7c~e ~klater ~, Tl~er remaining ~(?`~« nt <br />tl~tc~ street irt~laroverrtc;nts ~~vi.il be GiiaarYeecl with Clty of R;;~m;sey general funds t^~:ve~4tes. <br />Bas~;cl upcan the abover ciistril~4ttiota~ tl;~,e total prcaject cast will brr ~°unc~ed as ~'call~arvs; <br />~1~~,?`73 k'rcarn the Gity l;exter~t.l tu.ncl, $~~5~,27~ trorn the storm wak~r t,:ttility; and ~ l 10,273 <br />tram assessments, Thor ass.~ss~~cl, partton:ot the project oast shall. be assessc;d amcang the <br />bene:Eitec~ properties listed in ~4,ppendi~~c C, Slncer the beneiitcd properties vary <br />considerably in size, the total Glss~ssable project cost shall b~ based upon street frontage. <br />7n the case:. o:E corner lots, street tarorttaG;e-shall be calculated as the lamer o t the two <br />txontages receiving improverxtent: The estimated assessmernt for each property is <br />identi:t:ted in ~1,p~?endi~ C, <br />Thte prc7jc;ct will have a final: tttbult~ttican tnttde on acturtl projeact casts cca.n.t:tstertt with tl~te <br />txtetl~tudcalogy di»;cribecl i.i1 tl~tis report. .~. public hraari,t7g well btr held tdentify'int tl~.e actual <br />coasts to bc•: recovt;red lay ~pe:c:ittl assessment, l~ropcrty tavvrtex ~voul~l have the cpti~an o:l' <br />pttyrtg t.l~e tu.ll cct~t di'the ass~ssrraesat wichc~ut intcres'tat thy: ~anclusio~ c~t'the project or <br />cta~tlcl elect tsa htivc this assessment caollec;te~i ttnnutzlly witlx their t4~,~ pa~rrtent iav4r a ten <br />year peri~?d, property cawner~ ele;c;ting.to have tla~ prsaje»ct ~;ost spe~itGl:ly asse:sacd yltall <br />1^tave tlaci.r Gast rraporti»d to ~1,a~ol~;a Cca~.u~ty anal ctal;lec'ted over a p~ario.d of up to tort years <br />Wvitl~ interest a:t a rt~.te ok"tr~vu pc:rcorat t;?'?~!o) ~~bove thca [:f., Trc;tis~try rtrte ~:t thr; t;i?~e~ cal'tho <br />s-pew;cial 4tss~;ssrrtent he~xrin~ wl~tit:h is ~::tt.im~tte:d to be 6.t3'~~, <br />22 -3- <br />