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I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br />'1 <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> <br />ESTIMATED COSTS <br /> <br />Item <br /> <br />Estimated Quantity <br /> <br />Estimated Cost <br /> <br />Bituminous Surfacing <br /> <br />Class V Gravel <br /> <br />Grading & Culvert Cleaning <br /> <br />1650 Ton <br /> <br />2825 Ton <br /> <br />Lump Sum <br /> <br />Estimated Construction Cost <br /> <br />Contingencies, Engineering & Administrative <br /> <br />ESTIMATED PRO3ECT COST <br /> <br />$37,950 <br /> <br /> 16,250 <br /> <br /> 6~100, <br /> <br />$60,300 <br /> <br /> 15~075 <br />$75,375 <br /> <br />FINANCING ANE) ASSESSMENT: <br /> <br />In accordance with the City of Ramsey's current street assessment policy, the pro- <br />posed improvements are proposed to be financed by special assessments to he benefit- <br />ing property on a per unit basis. There are a total 38 lots and 4 outlots in Rodeo <br />Hills Estates. The outlots have been determined as unbuildable due to unsuitable <br />soils for on-site wastewater disposal systems. Therefore only the lots are proposed <br />to be assessed. <br /> <br />The benefitted area is shown on Exhibit A. <br /> <br />The following table provides a cost summary for the project based on the total esti- <br />mated cost, unit cost and annual amortized unit costs projected at 13 percent-inter- <br />est 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 /> $75,375 <br /> <br /> 38 <br />$1,983.55 <br /> $365.57 <br /> <br />CONCLUSIONS AND RECOMMENDATIONS: <br /> <br />The proposed improvements are feasible and will. benefit the area served. <br />recommended that the City proceed with the improvements as presented. <br /> <br />It is <br /> <br />4 <br /> <br /> <br />