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8.0 <br /> <br />Summary of Storm Drainage, Water and Sanitary Sewer <br /> <br />· Storm Drainage ConstrUction:Cost <br />· Water Construction Cost <br />· Sanitary Sewer Construction Cost <br />· Total Estimated Construction Cost <br /> <br />$ 829,264 <br />$ 643,010 <br />$1,049,836 <br /> <br />$2,522,110 <br /> <br />$ 504,422 <br />$3,026,532 <br />$ 580,596 <br />$2,445,936 <br /> <br />· Construction Overhead Cost (20%) <br />· Total Utility Cost <br />· MSA Funding Storm Drainage <br />· Balance to be Funded by Other Sources <br /> <br />PROJECTED PROJECT SCHEDULE <br /> <br />The following schedule can be anticipated in proceeding with the Project: <br /> <br />1) Present feasibility study and set date of public April 27, 2004 <br /> hearing <br /> <br />2) Waive Public Hearing April 27, 2004 <br />3) Order plans and specifications April 27, 2004 <br />4) Approve plans and specifications and authorize April 27, 2004 <br /> bids <br /> <br />5) Receive bids and award project April 27, 2004 <br />6) Initiate construction May 7, 2004 <br />7) Complete construction June 30, 2005 <br />8) Hold Assessment Hearing August 9, 2005 <br /> <br />The above schedule <br /> <br />is based on utilizing the Assessment For Improvement <br /> <br />Procedures per Minnesota Statute 429. The City may decide to fund the project <br />using alternate methods of financing. <br /> <br />SUMMARY AND RECOMMENDATIONS <br /> <br />The proposed improvements are technically feasible and will benefit the area <br />served. It is recommended that the City take the steps discussed in Section 8.0 <br />of this report and proceed with the improvements. <br /> <br />Page 7 <br />G:\M unicipal~Aramsey\3171\RA3171FSR.doc <br /> <br /> <br />