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EST. COSTS CON'T. <br /> <br /> Item <br /> <br />Restoration and Culvert Cleaning <br /> Estimated Construction Cost <br /> <br /> Contingencies, Engineering & Administrative <br /> ESTIMATED PROJECT COST <br /> <br />Est... quantity Est. Cost <br /> Lump Sum $3,400 <br /> <br />$32,300 <br /> 8,075 <br /> <br />$40,375 <br /> <br />Financin~ and Assessments: <br /> <br />In accordance with the City of Ramsey's current street assessment policy, the <br />proposed improvements are proposed to be financed by special assessments to the <br />benefiting property on a per unit basis. <br /> <br />Due to the current .bond market situation, it is difficult to projec~ accurately <br />the annual amortized unit costs. Therefore, an estimated interest rate of 10 <br />percent will be used to project estimated annual costs. <br /> <br />The following table provides a cost summary for the project based on t~e total <br />estimated cost, unit cost and annual amortized unit costs projected at 10 per? <br /> <br />cent interest for a period of 10 years. <br /> <br />COST SUMMARY <br /> <br />Total Cost <br /> <br />Total Units <br /> <br />Cost Per'Unit <br /> <br />Annual Unit Cost (10 Years) $ <br /> <br />$ 40,375 <br />24 <br />$ 1,682.29 <br />273.79 <br /> <br />-4- <br /> <br /> <br />