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attempt to mitigate financial hardship by allowing the assessment for overlays to be spread out <br />over a relatively long period (ten years). In addition it should also be considered that because of <br />the economic slowdown extremely competitive prices are anticipated for this work this coming <br />summer. In better economic times this same work can be expected to be more costly. <br />Financing: <br />The financial impact for these projects is sumr <br />City <br />Cost <br />09-11 Barthel's Rum River 2nd $ 6$,829 <br />09-12 Hunters Hill $ 38,888 <br />Total $107,717 <br />Recommendation: <br />aarized below: <br />Assessed Total <br />Cost .Cost <br />$ 68,829 $ 137,658 <br />$ 38,888 $ 77,777 <br />$ 107,717 $ 215,434 <br />Staff recommends that improvement projects 09-11 Hunters Hills and 09-12 Barthel's Rum <br />River 2nd be ordered on May 12, 2009 as proposed. <br />t <br />Action: <br />Motion to recommend to City Council that improvement projects 09-11 Hunters Hills; and, 09- <br />12 Barthel'sRum River 2na be ordered on May 12, 2009 as proposed. <br />Reviewed By: <br />Director of Public Works/Principal City Engineer <br />City Engineer <br />Public Works Street Supervisor <br />PW: 04/21/09 <br />-130- <br />