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I <br />I <br /> I <br /> I <br />I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br />'1 <br /> <br /> TABLE 1 <br /> <br />ESTIMATED PROJECT COSTS <br /> <br />BituminOus paving 512 ton @ $23 / ton $11,776 <br />Bituminous ctlrbing 600 feet @ $0.50 / foot 300 <br />Restoration bo]a~ ind curb Lump sum 500 <br />Estimated co~truCtion cost 12,576 <br />Overhead cOs~ @30% Construction Cost 3,773 <br />Total Project Cost 16,349 <br /> <br />FINANCIN~ ~ND ASSESSMENT <br />The improv¢~en[~ are proposed to be financed by a special assessment to the benefitted properties <br />on a per unit baM~. A listing of the benefitted properties proposed to be assessed is contained in <br />Exhibit 1. ~h b~nefitted property may, at any time prior to certification of the assessment to the <br />County ^u~li~or,iI~.ay the whole of the assessment on such property, with interest accrued to the <br />date of pay~enl;,~to the City Treasurer, except that no interest shall be charged if the entire <br />assessment i~ pa~d within 30 days from the adoption of the assessment resolution. Special <br />assessmcntsl r{por~ed to Anoka County shall be payable over a ten year period with interest at a rate <br />of 1.5% abov~ p~e rate at the time of the special assessment hearing. This rate is estimated to be <br />8%. Table 2 presents a cost summary. <br /> <br /> TABLE 2 <br /> <br />COST SUMMARY <br /> <br />'Total project cost <br />Toial units assessed <br />Co~t per unit <br /> <br />A ~nnual assessment cost <br />(1:9 years @ 8%) <br /> <br />$16,349 <br />8 <br />2,044 <br />305 <br /> <br /> <br />