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I <br /> I <br /> I <br /> ! <br /> I <br /> ! <br /> I <br />I <br /> I <br /> I <br /> ! <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> <br />it is proposed to assess the cost of paving 164th Lane N.W. to ~lunkite St. N.W. <br />between 164th Lane and BarLhel's Rum River Acres 2nd Addition to the lots in Bar- <br />Lhel's Rum River Acres 2nd Addition. This cost is estimated to be $18,000. The <br />remainder of the project cost or $42,000 is proposed to be assessed to Barthel's Rum <br />River Aores. <br /> <br />Based on the City of Ramsey's current street assessment policy, the proposed im- <br />provements are proposed to be financed by special assessments Lo the benefitting <br />property on a per unit basis. <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 for each of the additions. <br /> <br />COST SUMMARY <br /> <br />Total Cost <br /> <br />Cost Assessed to Barthel's Rum River Acres 2nd Addition <br />Cost Assessed to Barthel's Rum River Acres <br /> <br />$5~,000 <br />$18,000 <br />$~7,000 <br /> <br />Unit Costs Barthel's Rum River <br /> <br /> Acres 2nd Addtion <br /> <br />Assessed Cost <br /> <br />Total Units <br /> <br />Cost Per Unit <br /> <br />Annual Unit Cost (10 Years) <br /> <br />$18,000.00 <br /> <br /> }6 <br /> $~00.00 <br /> <br /> $92.15 <br /> <br />Unit Costs Barthel's Rum <br /> <br /> River Acres <br /> <br />Assessed Cost <br /> <br />Total Units <br /> <br />Cost Per Unit <br /> <br />Annual Unit Cost (10 Years) <br /> <br />$37,000.00 <br /> <br /> 30 <br /> $1,233.33 <br /> $227.30 <br /> <br /> <br />