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The property located at 7550 Highway 10 would not receive an assessment for the sanitary sewer as the <br />depth does not allow for the sanitary sewer to be extended to that property. <br />A similar preliminary examination of the land area of the adjacent properties has been <br />completed for the watermain extension utilizing Geographic Information Systems (GIS) and <br />preliminary estimates of the proposed assessments are presented below in Table 6. <br />Table 6. Proposed Assessment Amounts for Water Extension — Assessment Alternative. <br />Address <br />8000 Highway 10 NW <br />7955 Riverdale Drive <br />7945 Riverdale Drive <br />7815 Riverdale Drive <br />7103 Riverdale Drive <br />Owner <br />Premier Armstrong LLC <br />TIRAED LLC <br />Pearson Investments LLC <br />DSB Ventures LLC <br />Pearson Investments LLC <br />Area of Lot (ac) <br />1.11 <br />1.23 <br />4.57 <br />2.38 <br />6.84 <br />Assessment Amount per Acre <br />$5,286.21 <br />$5,286.21 <br />$5,286.21 <br />$5,286.21 <br />$5,286.21 <br />ProposedAssesmentAmount <br />$5,867.69 <br />$6,502.03 <br />$24,157.96 <br />$12,581.17 <br />$36,157.65 <br />Address <br />7850 Riverdale Drive <br />7820 Riverdale Drive <br />Vacant, unassigned <br />7550 Highway 10 NW. <br />Total <br />Owner <br />The Bank of Elk River <br />Jesse Ternus <br />Brad Fitch <br />Hope Fellowship of <br />Ramsey Inc <br />2-01 LLC <br />Area of Lot (ac) <br />1.53 <br />1.6 <br />29.24 <br />15.44 <br />63.94 <br />Assessment Amount per Acre <br />$5,286.21 <br />$5,286.21 <br />$5,286.21 <br />$5,286:21 <br />Proposed Assesment Amount <br />$8,087.89 <br />$8,457.93 <br />$154,568.66 <br />$81,619.02 <br />$338,000.00 <br />Totals <br />lithe City proceeded with this project with funding of the utility extensions through <br />assessments, the Lateral Benefit Charges would not apply at the time of connection. <br />Project Schedule <br />$338,000.00 <br />Provided that the City proceeds with this project, the following schedule could be anticipated: <br />roject Sche• u e <br />Task <br />Order Feasibility Study <br />Date <br />December 11, 2012 <br />Accept Feasibility Study and Order Plans and Specifications January 8, 2013 <br />Approve Plans, Specifications and Order Advertisement for April 23, 2013 <br />Bids <br />Receive Bids <br />June 3, 2013 <br />Award Construction Contract * June 11, 2013 <br />Begin Construction July 2013 <br />Substantial Completion October 2013 <br />Final Completion June 2014 <br />* Project must be awarded by June 30, 2013 otherwise co-operative agreement grant becomes <br />unavailable. <br />Note: The above schedule assumes that the project will move forward utilizing the connection <br />charge method of financing. lithe assessment method is utilized, the schedule must be revised <br />13 I 'age <br />