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VI. <br /> <br />VII. <br /> <br />The followin9 table provides a cost summary for the project <br />based on the total estimated cost, unit cost and annual <br />amortized unit costs projected at ten percent (10%) interest for <br />a period of five (5) years. <br /> <br />TABLE I I <br /> <br />COST SUMMARY <br /> <br />Total Cost <br />Total Units <br />Cost per Unit <br />Annual Unit Cost (5 Years) <br /> <br />$116,740.00 <br /> 21 <br /> $5,559.05 <br /> $1,466.46 <br /> <br />PROJECTED PROJECT SCHEDULE <br /> <br />If the City should elect to proceed with the improvements, the <br />following schedule could be anticipated: <br /> <br />Accept feasibility study <br />Hold public hearing <br />Order plans & specifications <br />Approve plans & order bids <br />Receive bids & begin construction <br />Complete construction <br />Assessment hearing <br />First payments due with real estate <br /> taxes <br /> <br />February 26, 1985 <br />April, 1985 <br />April, 1985 <br />May, 1985 <br />June, 1985 <br />August, 1985 <br />September, 1985 <br /> <br />1986 <br /> <br />SUMMARY AND RECOMMENDATIONS <br /> <br />The proposed improvements are technically feasible and will <br />benefit the area served. It is recommended that the City follow <br />the projected project schedule should the City Council decide to <br />proceed with the improvements as presented. <br /> <br />6 <br /> <br /> <br />