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5. FINANCING <br />5.1 Opinion of Cost <br />A detailed opinion of probable costs for the proposed improvements can be found in Appendix B <br />of this report. <br />The opinion of probable costs incorporates anticipated 2015 construction costs for the proposed <br />street improvements and associated grading, curb and gutter, driveway, storm sewer, sidewalk, <br />turf establishment, erosion control, mailbox, and signing and striping improvements, as well as a <br />10% construction contingency and 25% indirect costs for administrative, engineering, financing <br />and legal costs. Costs for public utilities (watermain and sanitary sewer) are also included in the <br />opinion of probable costs, but are tabulated separately. Summary tables of the estimated project <br />costs for Garnet Street and 168th Avenue are shown below in Tables 1 and 2. <br />City staff prepared the Feasibility Report in-house as part of staff's normal duties. NTI prepared <br />the attached Geotechnical Evaluation Report at a cost of $. <br />TABLE 1 <br />Estimated Project Costs - Garnet Street <br />SCHEDULE <br />TOTAL <br />Schedule A — Surface Improvements <br />$682,000 <br />Schedule B — Storm Sewer Improvements <br />$146,000 <br />Schedule C — Water Main Improvements <br />$173,000 <br />Schedule D — Sanitary Sewer Improvements <br />$124,000 <br />TOTAL PROJECT COST — GARNET STREET <br />$1,125,000 <br />TABLE 2 <br />Estimated Project Costs — 168th Avenue <br />SCHEDULE <br />TOTAL <br />Schedule A — Surface Improvements <br />$354,000 <br />Schedule B — Storm Sewer Improvements <br />$52,000 <br />Schedule C — Water Main Improvements <br />$98,000 <br />Schedule D — Sanitary Sewer Improvements <br />$46,000 <br />TOTAL PROJECT COST — 168TH AVENUE <br />$550,000 <br />Feasibility Report <br />Garnet Street and l68`" Avenue Reconstruction <br />City of Ramsey Project No. 13-10 <br />Page 15 <br />