Agenda - Council - 02/09/1993 - Laserfiche WebLink

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TABLE I ESTIMATED PROJECT #92-20 COSTS Bituminous Paving 450 tons @ $25/ton $11,250 Class V Base Course 1050 tons @ $6/ton 6,300 Shaping and Grading Lump Sum COO0 Culverts 4 each @ $300 each 1,200 Turf Restoration 1.5 acres @ $1,500/acre 2,250 Estimated Construction Cost Overhead Costs @ 30% Construction Cost $27,000 8,100 Total Project Cost $35,100 TABLE 2 ESTIMATED PROJECT ~t92-23 COSTS Bituminous Paving 420 tons @ $25/ton $10,500 Class V Base Course 970 tons @ $6/ton 5,820 Shaping and Grading Lump Sum 6,000 Culverts 6 each @ $300 each 1,800 Turf Restoration .75 acres @ $1,500/acre 1,125 Estimated Construction Cost $25,245 Overhead Costs @ 30% Construction Cost Right-of-Way Acquisition 7,574 3,500 Total Project Cost $36,319 FINANCING pROJECT #92-20 Exhibit A identifies seven properties which will receive direct benefit from this project. Parcels 2, 4, and 7 contain existing residences which have their vehicular access onto Bison Street N.W., either directly or by easement. Parcels I and 3 currently have no habitable residences, but are buildable lots which can obtain building permits without further subdivision. Parcels 5 and 6 are comer lots of the Dellwood Hills subdivision having frontage on both 171st Avenue N.W. and Bison Street N.W. When Dellwood Hills was platted, the Development Agreement acknowledged a partial responsibility toward the paving of Bison Street N.W. An escrow of $9,434 was placed on deposit with the City which represented the estimated fair share of two buildable lots. It is proposed that all seven of these benefitted lots be assessed equally regardless of individual front fo@rages or value of improvements or individual lots, as this has been past City policy on previous paving projects. However, the $9,434 escrow posted by the developers of Dellwood Hills will be applied equally against the assessments due to parcels 5 and 6.