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<br /> <br />B. The estimated construction cost of the project (including County furnished materials) is <br />$6,027,162. Federal funds available for the Project are capped at $3,680,800.00. The federal funds <br />shall be split based on the ratio of eligible cost incurred by each party to the total eligible project cost. <br />Eligible costs are the costs of items that can participate in federal funding as shown on Exhibit A (THIS <br />EXHIBIT SHOULD BE UPDATED TO REFLECT THE NUMBERS REFERENCED IN THIS <br />SECTION). Participation in the construction cost is as follows: <br /> <br />A lump sum amount of $450,000 will be paid by the City of Ramsey to Anoka County for the <br />improvements on CSAH 57 (Sunfish Lake Blvd.), which includes engineering and design but does not <br />including noise walls. This amount is per the Ramsey Town Center Agreement. The remaining work on <br />CSAH 116 will be split per the County standard cost share policy. The amounts below are for CSAH <br />116 and are based on the standard Anoka County cost share. <br /> <br /> <br />1.The City shall pay their share of mobilization and equipment field office as determined using the <br />Engineer’s Estimate. The estimated City cost of these items is $19,580. <br /> <br />2.The City shall pay their share of the Trail installation. The estimated cost of this item to the city <br />is $39,600. <br /> <br />3.The City shall pay their share of the drainage costs. The estimated City cost of this item is <br />$64,314. (66% of the city’s share of 26.5%, assumption is that 1/3 of city drainage cost is on <br />CSAH 57 and covered by lump sum stated above). Final percentage is based on State Aid <br />drainage letter. <br /> <br />4.The City shall pay their share of the cost of concrete curb, medians and sidewalks installed on the <br />project. The estimated cost to the City is $36,531. <br /> <br />5.The City shall pay its share of the cost of signals (cost covered in lump sum stated above). <br /> <br />6.The City shall pay its share of the cost of noise walls. The estimated cost is $245,007. This cost is <br />before federal funds are applied. <br /> <br />The total estimated cost to the City for the project is summarized below: <br />$19,580 <br />1 Mobilization, Field Office <br />$0 <br />2 Bituminous removal and muck excavation <br />$64,314 <br />3 Drainage <br />$36,531 <br />4 Concrete curb, medians, and sidewalks <br />$ 0 covered <br />5 Signals <br />in lump sum <br /> <br />$245,007 <br />6 Noise walls <br />$450,000 <br /> Lump sum as stated above for CSAH 57 work <br /> <br />$815,432 <br /> Total Estimated Share of Construction Cost To The City <br />$223,169 <br /> Estimated Federal Funds available to the City <br />61.07% estimated Federal participation * $365,432 <br />( $815,432 - $450,00 lump sum) <br />$592,263 <br /> Total Cost less Federal Funds <br /> <br />