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' d've ' ' <br />consu t'n© en© neers rs f ed nc, <br /> p.o. box j. osseo, minnesota 55369 '--~ (612) 425-2181 <br /> <br /> civil <br /> municipal <br /> planning <br /> environmental <br /> land surveying <br /> geotechnics <br /> <br />Honorable Mayor and City Council <br />January 24, 1979 <br />Page Two <br /> <br />The following table provides a cost summary of tko project based on an <br />assessment of $132,120 to the benefited property and amortization of unit <br />costs projected at 8 percent interest for a period of 10 years. <br /> <br /> TABLE I <br />COST SUMMARY WITH <br />ASSESSMENT OF $132,120 <br /> <br />Total Project Cost <br />M.SoA.S. Funded Cost <br /> <br />$394,300 <br />262,180 <br /> <br />TOTAL ASSESSABLE COST <br /> <br />$132,120 <br /> <br />Total Benefited Units <br />Cost Per Unit <br />Annual Unit Cost (10 Years) <br /> <br /> 222 <br /> $595 <br />$88,66 <br /> <br />In the event the city elects to assess the cost of upgrading the street to <br />residential street standards, the project could be completed in one phase <br />since 198] M.S.A.S. funds wouldn't be required. However, if the city elects <br />only to assess the Non-M.S.A.S. Fundable Cost, Table IV page 8 of the <br />feasibility study should be revised as follows,:to reflect the change in <br />total units. <br /> <br /> TABLE IV <br />ASSESSMENT SUMMARY <br />PHASE I AND II <br /> <br />NOn-M.S.A.S. Fundable Cost (Phase I) <br />Non-M.S.A.S. Fundable Cost (Phase II) <br /> <br />22,100 <br />10,].00 <br /> <br />TOTAL ASSESSABLE COST <br /> <br />$ 32,200 <br /> <br />TOTAL UN1TS <br />COST PER UNIT <br />ANNUAL UNIT COS'[' (10 Years) <br /> <br /> 222 <br />].45,05 <br /> 2i, 61 <br /> <br />keith caswell jr. ~: darrell schneider ~ richard sha <br /> <br /> <br />