Agenda - Council - 06/13/1995 - Laserfiche WebLink

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I I I I I I I I I I project assessable costs and trunk eligible costs. On this project, the twelve-inch watermain is considered a trunk i~provement. 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 in cost between the eight-inch and twelve-inch upsizing!to the City's trunk fund. In addition to const~ction costs, Table 1 contains overhead costs in the amount of 30% of construction costs, iOverhead costs include, but are not limited to engineering, construction staking, inspection, fiscal, legal, administrative and contingency costs. An estimate of these costs is as follows: ~ Engineering 10% Staki~ig and Inspection 7% Fiscaliand Legal . 3% Adrni~istration 5% Contifigencies 5% Total 30% TABLE 1 ESTIMATED PROJECT COSTS Improvcmcn$ Pro_iect A~sessabl0 Project Construction Cost Sanitary Sewer Watermain* Storm Sewer Streets $30,260 $30,260 31,195 9,275 12,490 12,490 46.690 46.690 Total Construction Cost 120,635 98,715 Overhead @ 30% 36,191 29,615 Total Project Cost 156,826 128,330 * A twelve-inch wau discussion above and FINANCING ~rmain is anticipated to be in place prior to the project being undertaken. See Appendix B. Historically, in the City of Ramsey, total project costs have been divided equally among the total number of benefitte~t 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 develbpment constraints were placed on the location of individual homes. All but one of the five existigg houses have been constructed over a proposed future lot line. In addition, individual property ~wners 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 divi~ed 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 futur~ subdivisions.