Agenda - Council - 06/09/1992 - Laserfiche WebLink

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TABLE 1 ESTIMATED PROJECT COSTS Bituminous pa?ing, Bituminous eutbing Class V base Shaping and ~t~ading Cleaning Restoration I:iehind Curb Drainage imprOvements Estimated C~nst'ruetion Overhead coSt~ Total Project COst 600 tons @ $23 / ton $13,800 2934 1. ft. @ $0.50 / foot 1,467 820 ton @ $6 / ton 4,920 Lump sum 4,000 Lump sum 2,000 Lump sum 2,000 Lump sum 2,000 Cost $30,187 @ 30% Construction Cost 9,O56 $39,243 FINANCIN~ AND ASSESSMENT The improverngnt$ pre proposed to be financed by a special assessment to each of the 13 benefitted properties on ~ pe~ unit basis. A listing of the benefitted properties proposed to be assessed is contained inlL:~xhiDit A. Ten of the 13 benefitted properties have their sole access from their residence and ~outbuildings to the streets proposed for improvement. One property, #12, is presently yacht a~d is only 0.67 acres in size. However, it is a lot of record and therefore buildable, pr0vidin..'g an adequate septic system can be sited on the property. Since this seems likely, it has b~n ilacluded as a benefitted property to be assessed a full share. One property, #8, has an outbUil~ng4ccessing Waco Street, while the residence drive accesses Ute Street. Since this property s out~mltl~tng will reee:ve benefit, it has been included as a benefitted property to be assessed a full ~harb.-Finally, two properties, #1 and #10, have had portions of Waco Street and Waco Drive~ ~xont of their properties paved in conjunction with a paving project funded by Bums Township and th:O City of Ramsey. Since these properties were never assessed for this improvement, they have also been included as having a full share in this project.. ~ [ Each benefitted1 property may, at any time prior to certification of the assessment to the County Auditor, pay rite Whole of the assessment on such property, with interest accrued to the date of payment, to th~ Cit~, Treasurer, except that no interest shall be charged if the entire assessment is pa;d vathm 30 ~laya from the adoption of the assessment resolunon. Special assessments reported to Anoka CoUn~ s~all be payable over a ten year period with interest at a rate of 1.5% above prime rate at the time bf~e special assessment hearing. This rate is estimated to be 8%. Table 2 presents a cost summary.