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Costs: <br /> <br />Estimated costs and estimated quantities are provided below for the proposed <br /> <br />improvements: <br /> <br /> Item <br /> <br />Bituminous Surfacing <br /> <br />Class V Gravel <br /> <br />Grading and Culvert <br /> Installation <br /> <br />Restoration, Ditch Cleanin§ <br />and Culvert Cleanin§ <br /> <br />Subgrade Correction <br /> <br />ESTIMATED COSTS <br />Est. Quantit~ <br /> <br />Est. Cost <br /> <br />1750 Ton $42,875 <br />3500 Ton $19,250 <br />Lump Sum $ 9,850 <br /> <br />Lump Sum $ 6,775 <br /> <br />Lump Sum $ 9,650 <br /> <br />Estimated Construction Cost <br /> <br />Contingencies, Engineering & Administrative <br /> <br />ESTIMATED PROJECT COST <br /> <br />$88,400 <br />$22,100 <br /> <br />$110,500 <br /> <br />Financ.ing 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 <br />the benefiting property on a per unit basis. The area'to be assessed is shown <br />on Exhibit A. <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 /> <br />