Agenda - Council - 08/11/1998 - Laserfiche WebLink

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construction. Property owners may wish to relocate any plantings located within the right-of- way prior to construction. No land acquisition is anticipated to be necessary for the installation of the above improvements. .project Costs Table t below presents an estimate of the proposed construction costs associated with this project. TABLE I ESTIMATED CONSTRUCTION COSTS Item Quantity Unit Price Extension Grading Subgrade Preparation Driveway Culverts Class 5 Bituminous Wear Course Fertilizer, Seed, Mulch Total Construction Cost Lump Sum $6,000 $ 6,000 10 R.S. $100/R.S. 1,000 7 each $700/each 4,900 '680 tons $6.50/ton 4,420 390 tons $270.00/ton 10,530 1.5 acres $1,300/acre 1,950 ,$28,800 In addition, 30% of the construction costs should be included to allow for project overhead. The distribution of these project costs is as follows: Engineering 10% Staking and Inspection 7% Fiscal and Legal 3% Administration 5% Contingencies 5% The total project cost is the sum of $28,800 in construction costs plus $8,640 in project overhead, equaling $37,440. .Project Financine Exhibit A contained in Appendix C identifies six properties which receive direct benefit from this project. It is proposed that all six properties be assessed equally regardless of front footage or property area. If the project should proceed to the stage where the City Council authorizes plans to be prepared and bids to be solicited as required by law, the City Council may award the construction to the lowest responsible bidder, providing that bid does not exceed 110% of the construction cost estimates contained herein. After the project has been completed and final costs are known, a 2 I I I I I I I I I I I I I I I I I I