Laserfiche WebLink
unit price basis and the contractor will only be paid for work completed. No costs are included <br />for easements or wetland mitigation / permitting. <br />Detailed cost estimates for the sanitary sewer and water extensions have been completed in <br />conjunction with this report. The estimates include construction, a 10% allowance for <br />contingency. A summary of the cost estimate for the entire project is presented in Table 1. <br />Table 1. Estimate of <br />Summary - Estimate of Probable Cost <br />Item <br />Estimated Total Costs <br />Road Construction <br />$2,168,000.00 <br />Watermain <br />$521,000.00 <br />Sanitary Sewer <br />$202,500.00 <br />Total <br />Financing <br />$2,891,500.00 <br />The City received a Cooperative Agreement grant in the amount of $702,000 which will partially <br />fund the road construction and associated drainage improvements. The remaining of the road, <br />associated drainage improvements, and bituminous sidewalk will be funded by the City's <br />Municipal State Aid (MSA) account. <br />The costs for extending the sanitary sewer and water main will be funded in the near term by <br />the sewer and water enterprise funds, with those funds being paid pack over time through the <br />collection of connection charges and/or assessments. <br />A summary of the funding is as follows: <br />Table 2. Financing Summary. <br />Financing Summary <br />Description <br />Amount <br />Cooperative Agreement Grant <br />$702,000 <br />MSA Fund <br />$1,466,000 <br />Sewer Enterprise Fund <br />$202,500 <br />Water Enterprise Fund <br />$521,000 <br />Total <br />$2,891,500 <br />8IPage <br />