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TH/447 STP ESTIMATE <br />January 7, 2000 <br /> <br />Item' Federal .I State County City Total <br />Construction Cost 2,663,300 500,000 250,000 95,358 3,508,658.. <br />Engineering/Inspection - 256,000 0 324,163 580,163 <br />Right-of-Way/Land 0 0 2,481,750 ..2,481,750 <br /> Total 2,663,300 756,000 250,000 2,901,271 6,570,571 <br /> <br />Assumptions: <br /> <br />1. City will obtain "extra" federal funding by meeting project deadlines. <br />2. County will participate $250,000. <br />3. Lord of Life acquisition will be obtained through an even trade of the Elke property. <br />4. Land not acquired to date will be acquired at twice the appraised or offered price. <br />5. Additional attorneys fees of $5,000 will be incurred. <br />6. Additional condemnation costs of $10,000 will be incurred. <br />7. Additional land acquisition services orS10,000 will be incurred. <br /> <br />Notes: <br /> <br />1. The value of the property acquired that will not be used for the highway project is at least <br /> $264,000. <br />2. The land acquisition cost includes the right-of-access from both RF Development and Amoco <br /> at twice the appraised value. <br /> <br />\\RA_FSl\VOLl\users\City Shared FileXENGINEERX98-14TH.#47\TH 47 STP Estimate 1.7.doc <br /> <br />I <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />I <br />I <br /> <br />I <br />I <br />I <br />I <br />I <br /> <br /> <br />