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costa are esti~ated based ~n percentages of constFuction cost. <br />percentages ~r~ esti~ate(l to be as follows: <br /> <br /> Engine~rin9 10% <br /> Staking an~ Inspection 7% <br /> <br /> Bonding an6 ~gal <br /> & Easeme;~ts 5% <br /> <br /> city Staff Ad_ministration 5% <br /> Contingencies 5% <br /> Interest during Construction 3% <br /> <br />ThoBe <br /> <br />The following %able shows the estimated project costs for drainage and <br /> <br />street improvements. <br /> <br />Sodde~ Drainageway <br />Storm Sewer <br />Street Construction <br /> <br />TABLE I <br />~STIMATED COSTS <br /> <br />Estimated Constructi~n Cost <br />Overhead Costs (35%) <br /> <br />Estimated Total C(~st <br /> <br />$ 1,325.00 <br /> 6,200.00 <br /> 26~975.00 <br /> <br />34,500.00 <br />12~075.00 <br /> <br />46,575.00 <br /> <br />FINANCING AND ASSESSMENTS <br /> <br />Based on ~e City's current assessment ordinance, it is recommended <br />that a ten (10) year assessment period be used. The interest would be <br />one and one--half percent (i~5%) greater than the rate of interest on <br />the bonds. <br /> <br />The following cost summary shows the total cost, unit cost and the <br />annual unit assessed costs for the project ammortized over 10 years at <br />nine percent (9%) intere~t~ <br /> <br />4 <br /> <br /> <br />