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

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I I I I I I I I I I ESTIMATED CO~ The estimated constv included in Appendi: project assessable, waterman in 151 st A overhead costs at 30' indirect costs. This these items determine ~TS tction and project costs are summarized in Table 1. Detail cost estimates are [ B. The estimated costs in Table 1 indicate those costs which are lateral or md the incremental additional cost for installation of the 12-inch trunk venue in place of a standard 8-inch lateral watermain. Table 1 also indicates b of the construction costs, as an allowance for engineering, legal and other ~Ilowance is comprised of the following components, with the final cost of d by actual conditions when each is completed. Engineering i 10% Staking and Igspection 7% .. Fiscal and Legal 3% Administratioh 5% Contingencies 5% Total 30% The cost for trails is to be credited against the total park dedication in the amount of $6.00 per lineal foot. An optional co~t is also included to provide a 20-foot-span prefabricated bridge to cross the County ditch. This cbst is not included in the project totals. TABLE 1 ESTIMATED PROJECT COSTS FOX KNOLL I.P. g95-15 Improvemen!: Sanitary Sewer Watermain Storm Sewer Streets Trails Total Constructio~ Cost Overhead Costs @ 3~% Const. Cost Total Project Cost Project Trunk Assessable Attributable Total $ 35,300 $ 0 $ 35,300 35,300 5,100 40,400 11,800 0 11,800 29,700 0 29,700 8.800 0 8.800 $120,900 $5,100 $126,000 36,300 1,500 37,800 $157,200 $6,600 $163,800 The total estimated p~ject assessable costs are proposed to be divided equally amongst each of the 22 lots being developed, regardless of the frontage of the individual properties. The oversizing trunk charges for thc watermain will be paid from water trunk charges, which is a uniform rate charge to all users. The current 1995 trunk charge rate for sanitary sewer and water is $1539 per residential connectiorh. This project will assess $33,858 in trunk charges and expend $6,600 from the trunk fund. City policy has previously allowed the recovery of the total assessable cost over a five-year period for ~ew developments. The assessment policy utilizes an interest rate of 2% over the prime rate in effect at the time the assessment resolution is passed. The interest rate to be charged on this proj~t is estimated to be 11%. ?