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ri <br />!1 <br /> <br /> i.I <br /> ! <br /> <br /> I <br /> I <br /> I <br /> <br />'1 <br /> <br /> I <br />I <br /> <br />FINANCING AND ASSESSMENT <br /> <br />In accordance with the City of Ramsey's current street assessment pol~icy, the <br /> <br />proposed improvements are proposed to be financed by special assessments to the <br /> <br />benefited.~roperty on a per unit basis. It is proposed to assess the <br /> <br />Ondeveloped qO acres on the east end of the street four future units. <br /> <br />The benfited area is shown on Exhibit A. <br /> <br />The following table provides a cost summary for the project based on the total <br />estimated cost, unit cost and annual amortized unit costs projected at ten <br />percent (10%) interest for a period of ten (lO) years. <br /> <br />Total Cost <br /> <br />Total Units <br /> <br />Cost per Unit <br /> <br />Annual Unit Cost (IO Years) <br /> <br />COST SUMMARY <br /> <br />$39,600.00 <br /> <br /> 18 <br /> $2,200.00 <br /> <br /> $357.91 <br /> <br />CONCEUSIONS AND RECOMMENDATIONS <br /> <br />The proposed improvements are feasible and will benfit the area served. <br />recommended taht the City proceed with the improvements as presented. <br /> <br />It is <br /> <br />To obtain the most economical bid, it is recommended that the City proceed with <br />the project at the earliest date possible. <br /> <br />-4- <br /> <br /> <br />