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I <br />I <br />I <br />I <br />I <br />I <br /> <br /> Item <br /> <br />Bituminous Surfacing <br /> <br />Class V Gravel <br /> <br />Grading, Culvert Cleaning & Installation <br /> <br /> Estimated Construction Cost <br /> <br />ESTIMATED COSTS <br /> <br /> Estimated Quantity <br /> <br /> 1,800 Tons <br /> <br /> 3,100 Tons <br /> <br /> 1 Lump Sum <br /> <br />Contingencies, Engineering, Administrative & Easements <br /> ESTIMATED PROJECT COST <br /> <br />Estimated Cost <br /> <br /> $41,400.00 <br /> <br /> 17,800.00 <br /> <br /> 7,800.00 <br /> <br />$67,000.00 <br />18,750.00 <br /> <br />$85,750.00 <br /> <br />I <br />I <br />I <br />I <br /> <br />FINANCING AND ASSESSMENT: <br /> <br />In accordance with the City of Ramsey's current street assessment policy, the <br />proposed improvements are proposed to be financed by special assessments to <br />the benefited property on a per unit basis. The lots abutting Zirconium Street N.W. <br />and 167th Avenue N.W. which do not have driveways entering onto Zirconium Street N.W. <br />are proposed to be assessed for one-half unit. <br /> <br />The benefited area is shown on Exhibit A. <br /> <br />I <br />I <br />I <br />I <br />I <br />I <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 13 percent <br />interest for a period of 10 years. <br /> <br />COST SUMMARY <br /> <br />Total Cost <br /> <br />Total Units <br /> <br />Cost Per Unit <br /> <br />Annual Unit Cost (10 Years) <br /> <br />$85,750.00 <br /> <br /> 41 <br /> $2,091.46 <br /> <br /> $385.46 <br /> <br />-4- <br /> <br /> <br />