Agenda - Council - 08/12/2003 - Laserfiche WebLink

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-216- Storm Drainaqe The City will pay for the storm drainage construction and easement cost from the City's Storm Water Utility Fund. However, the City will use the 50% shared cost allocated to the Helium Street properties west of this project area in the negotiation for right-of-way across those benefited properties. This shared cost under Option 1 (Paved) and Option 2 (Gravel) is calculated below. OPTION 1 Construction Cost of Storm Drainage $ ' 94,155 Plus 33% Overhead $ 31,071 Total Cost of Storm Drainage Construction $ 125,226 Plus Easement Cost $ 30,000 Net Project Cost to be Paid From Storm Water Utility Fund $ 155,226 Shared StOrm Drainage Construction Cost Allocated to $ 61,025 Helium St. Properties From EXHIBIT E Plus 33% Overhead Total Cost of Storm Drainage Construction Plus Easement Cost $ 20,138 $ 81,163 $ 30,000 $ 111,163 Net Shared Project Cost 50% Shared Amount to Be Used In Right-of-Way $ 55,582 Negotiation With Helium St. Properties. OPTION 2 Construction Cost of Storm Drainage $ 141,385 Plus 33% Overhead $ 46,657 Total Cost of Storm Drainage Construction $ 188,042 Plus Easement Cost $ 30,000 Net Project Cost to be Paid From Storm Water Utility Fund $ 218,042 Shared Storm Drainage Construction Cost Allocated to $ 61,475 Helium St. Properties From EXHIBIT E Plus 33% Overhead Total Cost of Storm Drainage Construction Plus Easement Cost $ 20,287 $ 81,762 Net Shared Project Cost 50% Shared Amount to Be Used In Right-of-Way $ 55,881 Negotiation With Helium St. Properties. 30,000 111,7'62 Page ~5 G:\MunicipaI~AP, AMSEY\633\RA633FSR2.doc I, I I I; I I I I I I I I i I, I