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5. FINANCING <br /> 5.1 Opinion of Cost <br /> A detailed opinion of probable costs for the proposed improvements can be found in Appendix B <br /> of this report. The opinion of probable costs incorporates anticipated 2017 construction costs for <br /> the proposed improvements plus 23% indirect costs for administrative, engineering, financing <br /> and legal costs. No construction contingency costs are included in the estimated costs. <br /> City staff prepared the Feasibility Report in-house as part of staff's normal duties. <br /> NTI prepared the Geotechnical Exploration and Engineering Review, included in Appendix C, at <br /> a cost of$4,400. <br /> WSB and Associates, Inc. prepared the Pavement Evaluations and Recommendations included in <br /> Appendix D, at the not-to-exceed cost of$2,687.50. <br /> 5.2 Funding <br /> 5.2.1 Assessments <br /> The use of special assessments is not being proposed with this project. <br /> 5.2.2 City Contribution <br /> The City will fund this project in its entirety. No funds have been budgeted for this <br /> proj ect. <br /> The City's share of eligible project costs related to surface (street) improvements is <br /> proposed to come from the previously encumbered 5-year street reconstruction bonds. <br /> Stormwater Utility Funds would be utilized for all storm sewer improvements. <br /> Table 1 illustrates the proposed project funding based on the proposed design outlined <br /> within this report. This funding program assumes construction will occur in 2017. <br /> Feasibility Report <br /> Alpine Drive Reconstruction <br /> City of Ramsey Project No.I7-0I Page 9 <br />