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Item <br />RCP Storm Sewer <br />Catch Basins <br />Restoration <br /> <br /> ESTIMATED COSTS <br /> DRAINAGE IMPROVEMENT ON <br /> LIMONITE STREET N.W. <br /> <br /> Est. Quantity <br /> <br /> 430 Lin. Ft. <br /> <br /> 2 Each <br /> <br /> Lump Sum <br /> <br />Estimated Construction Cost <br /> <br />Contingencies, Engineering & Administrative <br />Easement Acquisition <br />ESTIMATED PROJECT COST <br /> <br />Est. Cost <br /> <br />$ 10,750 <br /> 1,200 <br /> 2,000 ' <br /> <br />$ 13,950 <br /> 3,500 <br /> 2,000 <br /> <br />$19,450 <br /> <br />Financing and AsseSsments: <br />In accordance with the City of Ramsey'-s current street assessment policy, the proposed <br /> <br />street improvements are proposed to be financed by special assessments to the benefiting <br /> <br />property on a per unit basis. The drainage improvements are proposed to be assessed on <br /> <br />a per acre basis to the area of benefit as shown on Exhibit A. , <br /> <br />Due to the current bond market situation, it is difficult to project accuratelY the <br />annual amortized unit costs. Therefo're, an estimated interest rate of I0 percent will <br />be used to project estimated annual costs. <br /> <br />The following tables provide a cost summary for the projects'based on the total estima- <br />ted cost, unit cost and annual amortized unit costs projected at .10 percent interest <br />for a period of 10 years. <br /> <br />-5- <br /> <br /> <br />