Agenda - Council - 03/14/1995 - Laserfiche WebLink

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I I I i ! I I I I I I I I I I I ! I It is anticipated, b~sed upon conversations with property owner, that permission will be obtained to perform the im~ovements described above. However, this project proposes the use of eminent domain, if necess,ary, to gain access to four parcels necessary to facilitate the improvement. A budget of $5,000 iR recommended to address this configency. If these dollars are not required for eminent domain Proceedings, they will be utilized to obtain negotiated easements rights 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 cos~ are listed in Table I below and also include the costs incurred to date related to this project. Thesq costs include: the lowering of a culvert on i56th Avenue N.W. in December of 1994, the survey ~vork for the preparation of a drainage easement plat, and application fees for environmental pe ~.rgnit reviews. All of the costs listed in Table 1 are intended to be assessed against the properties local~ed in the Rum River Drainage District. In addition to the direct project costs shown in Table 1, the project will also incur overhead costs. The overhead cosis 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, administrative and~confingency costs. The breakdown of these costs are as follows: Engineering 10% Staking an~d inspection 7% Fiscal and legal 3% Administration 5% Confingendies 5% TABLE 1 Project Costs Lowering of culvert on 156th Ave (Dec, 1994) Survey work/prep '..aration of drainage easement plat LRRWMO Permit gpplicafion fee Proposed culvert ahd grading improvements described above Easement Acquisition Total $3,000 $5,000 $500 $8,000 $5,000 $21,500 Financing: The City is propoaing 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 based upon the drainage patterns for the City. Listed in Table 2 is a summary of the financing sources and costs for the project.