Agenda - Council - 07/25/1995 - Laserfiche WebLink

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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.mprovement. It is the policy of the City to charge the costs of an eight-inch watermain as a latergl 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 conslruction costs, Table 1 contains overhead costs in the amount of 30% of construction costs. !Overhead 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: ~ Engigeering 10% Staking and Inspection 7% Fiscal and Legal 3% Adm!__nistration 5% Contingencies 5% Total: 30% TABLE 1 ESTIMATED PROJECT COSTS .Improvement Sanitary Sewer Watermain* Storm Sewer Street s Project Assessable Project Construction $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 watermain is anticipated to be in place prior to the project being undertaken. See discussion above antl Appendix B. Historically, in the City of Ramsey, total project costs have been divided equally among the total number of benefitted lots. However, in this case, the total number of future lots is somewhat uncertain. Althoug§ a future subdivision plan for the Haubrich Addition was prepared at the time of platting, no development constraints were placed on the location of individual homes. All but one of the five existing houses have been constructed over a proposed future lot line. In addition, individual property [owners may desire retaining larger than minimum lot width for their existing dwelling or may ch6~ose not to subdivide their lot at all. For this reason, it is proposed that the total project costs be divi~led 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 seOer 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 futu~ subdivisions.