Agenda - Council - 10/08/1996 - Laserfiche WebLink

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I I i I I I ! I I I I I I i I I I project assessabl~ costs and trunk eligible costs. On this project, the twelve-inch watermain is considered trun~- .. .... a improvement It is the policy of the City to charge the costs of an eight-inch watermain as a lateral benefit to the project and the difference m cost between the e~ght-mch and twelve-inch upsi~ng to the City's trunk fund. In addition to construction costs, Table 1 contains overhead costs in the amount of 30% of construction cos~. Overhead costs include, but are not limited to engineering, construction staking, inspectioh, fiscal, legal, administrative and contingency costs. An estimate of these costs is as follows: Engineering St ~aking and Inspection FiScal and Legal Administration Coh~ tingencies Total 5% 10% 7% 3% 5% 30% TABLE 1 ESTIMATED PROJECT COSTS Improvement Project Assessable Project Construction Cost Sanitary Sewer $30,260 $30,260 Watermain* 31,195 9,275 Storm Sewer ~ 12,490 12,490 Streets 46,690 46,690 Total Construction Cost 120,635 98,715 36,191 29,615 Overhead @ 30% Total Project Cost 156,826 * A twelve-inch watermain is anticipated to be in place prior to the project being undertaken. discussion above ~d Appendix B. 128,330 See FINANCING Historically, in the. City of Ramsey, total project costs have been divided equally among the total number of benefitt~,d lots. However, in this case, the total number of future lots is somewhat uncertain. Although a future subdivision plan for the Haubrich Addition was prepared at the time of platting, no development constraints were placed on the location of individual homes. All but one of the five existing houses have been constructed over a proposed future lot line. In addition, individual propertyi owners may desire retaining larger than minimum lot width for their existing dwelling or may choose not to subdivide their lot at all. For this reason, it is proposed that the total project costs be divided on a per front footage basis. A summary of each parcels cost are presented in Table 2. In addition to the total project cost, each unit must contribute a uniform amount of $1,539 into the sewer and water trunk funds which finance the oversizing of lateral sewer and water lines. It should be noted that additional trunk assessments will be collected for each lot created by any future subdivisions. /3.:3