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I <br /> ! <br /> I <br /> I <br /> ! <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 />The following Table I shows the estimated project costs and <br />proposed assessed costs for streets and storm sewer. <br /> <br />TABLE I <br /> <br /> RUM RIVER HILLS <br />STREETS & STORM SEWER <br /> <br />ESTIMATED COSTS <br /> <br />Grading & Street Construction <br />Storm Sewer Construction <br /> Total Construction Costs <br /> <br />Construction Overhead Costs: <br /> <br />- Engineering 9% <br />- Staking & Inspection 6% <br />- Bonding & Legal 3% <br />- City Staff Administration 5% <br />- Contingencies 2% <br />- Interest During Construction 5% <br /> <br />Total Estimated Project: <br /> <br />- Cost for Streets & Storm Sewer <br /> <br />$72,450.00 <br /> 17f350.00 <br />$89,800.00 <br /> <br />$8,082.00 <br /> 5,388.00 <br /> 2,694.00 <br /> 4,490.00 <br /> 1,796.00 <br /> 4,490.00 <br /> <br />$116,740.00 <br /> <br />FINANCING AND ASSESSMENT <br /> <br />In accordance with the City of Ramsey's current street <br />assessment policy, the proposed improvements are proposed to be <br />financed by special assessments to the benefited property on a <br />per unit basis. The benefited areas is shown on Exhibit A and <br />consists of 21 lots. <br /> <br />5 <br /> <br /> <br />