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Item <br /> <br />Bituminous Surfacing <br />Class V Gravel <br />Shaping and Widening <br /> <br />Restoration and Channel <br />and Culvert Cleaning <br /> <br />ESTIMATED COSTS <br /> <br />Est~ Quantity <br /> <br />2400 Ton <br /> <br />4900 Ton <br /> <br />Lump ~m <br /> <br />Lump Sum <br /> <br />Estimated Construction Cost' <br /> <br />Contingencies, Engineering & Administrative <br /> <br />ESTIMATED PROJECT COST <br /> <br />Est. Cost <br /> <br />$58,8o0 <br /> <br /> 26,950 <br /> 13,000 <br /> 10,000 <br /> <br />$108,750 <br /> <br /> 27,200 <br /> <br />$135,950 <br /> <br />Financing and Assessments: <br /> <br />In accordance with the City o? Ramsey's current street assessment policy, the <br />proposed improvements are proposed to be financed by special assessments to the <br />benefiting property on'a per unit basis. <br /> <br />Due to the current bond market situation, it is difficult to project accurately <br />the annual amortized unit costs. Therefore, an estimated interest rate of 10 <br />percent will be used to project estimated annual costs. <br /> <br />The following table provides a cost summary for the project based on the <br />total estimated cost, unit cost and annual amortized unit costs projected at <br />10 percent interest for a period of 10 years. <br /> <br /> COST SUMMARY <br /> <br />Total Costs <br />Total Units <br />Cost Per Unit <br /> <br />Annual Unit Cost (10 Yrs.) <br /> <br />$ 135,950 <br /> <br /> 58 <br />$'2,34'3.'91. <br /> <br /> 381.48 <br /> <br /> <br />