Minutes - Council - 03/22/1988 - Laserfiche WebLink

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2nd Addition: Estimated total cost Estimated total per unit cost Estimated annual per unit cost for 3 years $3,976.00 $248.50 $114.83, $99.40, $91.12 Project schedule - City charter requires a 60 day waiting period following the public hearing. Plans could be ordered May 24; approval of plans on June 14; bids received June 28; project construction in July and August; assessment hearings in late August or September. Following the assessment hearings, property owners have 30 days to pay the assessment without any interest. If not, the assessment is forwarded to the property tax rolls over a 3 year period. Bob Steele - 5500 164th Lane - Inquired if the prices quoted are firm; what determines a unit? Mr. Raatikka replied that the figures quoted are estimates; the assessments will be figured at the actual cost; in order to accept and award the bid, the bids must be within 10% of the estimate. A unit is any lot of record, developed or undeveloped. ?ROJECT #8~-5 - D~RS DRIVE N.W, - 1st Addition: Estimated total cost Estimated total per unit cost Estimated annual per unit cost for a 3 year period $4,360.00 $79.27 $36.65, $31.71, $29.07 2nd Addition: Estimated total cost Estimated total per unit cost Estimated annual per unit cost for a 3 year period $625.00 $104.17 $48.14, $41.67, $38.20 3rdAddition: Estimated total cost Estimated total per unit cost Estimated annual per unit cost for a 3 year period $2,090.00 $174.17 $80.48, $69.67, $63.86 Project schedule is the same as described for Project #88-4. None. P~OJECT ~88-6 - 157TH LANE N.W. - Estimated total cost $3,276.00 Estimated total per unit cost $192.71 Estimated annual per unit cost $89.05, $77.08, $70.66 for a 3 year period City Council Public Hearing/March 22, 1988 Page 2 of 4