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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 />i <br />I <br />I <br />I <br /> <br />COSTS <br /> <br />Estimated costs and estimated quantities are provided in the following <br />table for the proposed improvements. <br /> <br />ESTIMATED COSTS <br /> <br />Item <br /> <br />Bituminous Surfacing <br /> <br />Class V Gravel <br /> <br />Grading, Culvert Installation & <br /> Ditch Cleaning <br /> <br /> Estimated Construction Cost - <br /> <br /> Contingencies, Engineering & <br /> Administrative - <br /> <br /> ESTIMATED PROJECT COST - <br /> <br />Estimated Estimated <br />Quantity Cost <br /> <br />1,800 Tons <br />3,300 Tons <br /> <br />1 Lump Sum <br /> <br />$46,800.00 <br />$18,975.00 <br /> <br />$10,805.00 <br /> <br />$76,600.00 <br /> <br />$19,150.00 <br /> <br />$95,750.00 <br /> <br />The above costs are based on construction during the early part of <br />1985. <br /> <br />FINANCING AND ASSESSMENT <br /> <br />In accordance with the City of Ramsey's current street assessment <br />policy, the proposed improvements are proposed to be financed by <br />special assessments to the benefited property on a per unit basis. <br />Counting the park as one unit, the total number of assessed units as <br />shown on Exhibit A is 43. <br /> <br />The following table provides a cost summary for the project based on <br />the total estimated cost, unit cost and annual amortized unit costs <br />projected at ten percent (10%) interest for a period of ten (10) <br />years. <br /> <br /> 4 <br /> <br /> <br />