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changed. <br /> <br />The cost of realigning the storm sewers would be <br /> <br />I <br />I <br />I <br /> <br />considered lateral benefit and would be assessed to the <br />developers. <br /> <br />ESTIMATED COSTS <br /> <br />The estimated project costs presented herein reflect the <br /> <br />! <br />! <br /> <br />construction, interest during construction and overhead costs. <br />Construction costs are estimated contract amounts for the actual <br />construction. Right-of-way costs were not included since it is <br /> <br />proposed to utilize existing rights-of-way. Overhead costs <br />include, but are not limited to, engineering, construction staking <br /> <br />! <br />I <br /> <br />and inspection, administrative service, legal, and contingency. <br />Overhead costs for the project shown at the conclusion of each <br />schedule summary are estimated based on percentages of <br /> <br />construction cost. <br />follow: <br /> <br />Those percentages are estimated to be as <br /> <br />I <br />! <br /> <br />-Engineering 8% <br /> <br />-Staking & Inspection 6% <br /> <br />-Bonding & Legal 1% <br /> <br />-City Staff Administration 5% <br /> <br />-Contingencies 5% <br /> <br />-Interest During Construction 5% <br /> <br />Interest during construction or capitalized interest was based on <br />a construction period of six months and an annual interest rate of <br />ten percent (10%). If construction periods are extended, these <br />costs could be larger. <br /> <br /> <br />