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I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />i <br />i <br />! <br />! <br />I <br />I <br /> <br />VII. <br /> <br />gency. <br />percent~g~-~s of constz~ction cost. <br />estimated 'ho be as foJ~],~)ws: <br /> Engineeri,~g 10% <br /> Staking a'~d Inspection 7% <br /> <br /> ~ Adminis'hr~t:;.on & Escrow 5% <br /> ~ Fiscal ~n~. l~,egal 3% <br /> ~ Conti ngen ~'.J ~s 5% <br /> <br />OYerhead costs :for the project are estimated based on <br /> Those percentages are <br /> <br />The estimai~ed cost of {'.onstruction plus overhead are shown as <br />the estima~ed projec, t <br /> <br />The following table si~ow the estimated project costs: <br /> <br /> TABLE I <br />(OST S UMPLARY <br /> <br />Constru¢;ti~n Cos t,~; <br />Overhead Costs <br />Easement. C~:~sts <br /> <br />TOTAL ESTIMATE]i) PI~.O,]ECT COSTS <br /> <br />$48,000 <br /> 14,400 <br /> 2~100 <br /> <br />$64,500 <br /> <br />FINANCING AND ASSESSMLNT <br />In accordance with th~ City of Ramsey's current assessment <br />policy, fifty percent of an equivalent cost of a residential or <br /> <br />industrial stree4~ is ~,ssessed on MSA streets to any property <br />with direc{~ access 'to the HSA street. As shown as Exhibit A, <br />three lots south of 167th Avenue N.W. have access to 167th <br />Avenue and one lot in th,~ proposed plat of Now and Then Estates <br />is propose{~ to have access to 167th Avenue N.W. Therefore, four <br />lots are pzoposed to b~ assessed along 167th Avenue N.W. for <br />fity percent of a typJ.;~ai residential lot. <br /> <br />4 <br /> <br /> <br />