Agenda - Council - 04/25/1995 - Laserfiche WebLink

Home

Following paving of the roadway, disturbed areas will be restored with a minimum of four inches of iopsoil and be fertilized, seeded and mulched. ESTIMATED PROJECT COSTS The estimated costs for project ~t92-20 is presented in Table 1 and includes detailed construction costs and overhead costs. Overhead costs include, but are not limited to, engineering, construction staking, inspection, fiscal, legal, administrative and contingencies. Overhead costs for the project are estimated based upon percentages of construction cost. These percentages are estimated as follows: £ Engineering 10% Staking and Inspection 7% Fiscal and Legal 3% Administration 5% Contingencies 5% TABLE I : ESTIMATED PROJECT tP92-20 COSTS Bituminous Paving 450 tons @ $25/ton $11,250 Class V Base Course 1050 tons @ $6/ton 6,300 Shaping and Grading Lump Sum 6,000 Culverts 4 each @ $300 each 1,200 Tuff Restoration 1.5 acres @ $1,500/acre 2,250 Estimated Construction Cost $27,000 Overhead Costs @ 30% Construction Cost .. 8,100 Total Project Cost $35,100 P~O.IECT FINANCING Exhibit A identifies seven properties which originally were determined to receive direct benefit from this project. Parcels 2, 4, and 7 contain existing residences which have their vehicular access' onto Bison Street N.W., either directly or by easement. Parcels 1 and 3 currently have no habitable residences, but could obtain building permits unless they were combined with an adjacent tot; Parcels 5 and 6 are comer lots of the Dellwood Hills subdivision having frontage on both I71tst Avenue N.W. and Bison Street N.W. When Dellwood Hills was platted, the Development Agreement acknowledged a partial responsibility toward the paving of Bison Su'eet N.W. An esCTow of $9,434 was placed on deposit with the City which represented the estimated fair share of tw~ buildable lots. Te§timony at the public hearing held on February 23, 1993 i.ndicated that Parcels 3 and 4 which are owned by a single individual have been combined into ~i,...single parcel. For the purpose this feaSibility study, it is assumed that this has been done and consequently, the number of assessable parcels for Project ~92-20 has been reduced from previous feasibility studies from seven to six and Table 2 has been adjusted to reflect this change. The actual assessment will be determined by the legal number of benefitted properties in existence on the date of the assessment hearing. I I I I ! I I I i I I I I I ! I I I I