Agenda - Council - 02/28/1995 - Laserfiche WebLink

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It it anticipated, based upon conversations with property owner, that permission will be obtained to Perform the improvements described above. However, this project proposes the use of eminent dofnain, if necessary, to gain access to four parcels necessary to facilitate the improvement. A budget of $5,000 is recommended to address this contigency. If these dollars are not required for e~nent domain proceedings, they will be utilized to obtain negotiated easements fights from fourteen properties identified in the drainage plat easement. This amount would be sufficient to obtain all easements at a rate of $1,000 per acre, the proposed unit price offering. Estimated Costs: The estimated costs are listed in Table 1 below and also include the costs incurred to date related to this project. These costs include: the lowering of a culvert on 156th Avenue N.W. in December of 1994, the survey work for the preparation of a drainage easement plat, and application fees for en~?ironmental permit reviews. All of the costs listed in Table 1 are intended to be assessed against th~ properties located in the Rum River Drainage District. Inaddition to the direct project costs shown in Table 1, the project will also incur overhead costs. The overhead costs for the project are estimated to be 30% of the total cost of the project. The overhead costs may include engineering, construction, staking, inspection, fiscal, legal, a~nistrative and contingency costs. The breakdown of these costs are as follows: Engineering 10% Staking and inspection 7% Fiscal and legal 3% Administration 5% Contingencies 5% TABLE 1 Project Costs I~wering of culvert on 156th Ave (Dec, 1994) $3,000 Survey work/preparation of drainage easement plat $5,000 LRRWMO Permit application fee $500 ~oposed culvert and grading improvements described above $8,000 Easement Acquisition $5,000 ~ Total $21,500 ~nancing: The City is proposing to assess the costs of the project against the Rum River Drainage District. This district, as shown in Appendix B, covers approximately two-thirds of the City. This area is b~ased upon the drainage patterns for the City. Listed in Table 2 is a summary of the financing sources and costs for the project.