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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 Cleaning <br />and Culvert Cleaning <br /> <br />Subgrade Correction <br /> <br />ESTIMATED COSTS <br /> <br />Est. Quagtity Est~ Cost <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 />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 <br />at 10 percent interest for a period of 10 years. <br /> <br /> COST SUMMARY <br />Total Costs $110,500 <br />Total units 47 <br />cost Per Unit $2,351.06 <br /> <br />Annual Unit Cost $ 382.65 <br /> (10 Yrs.) <br /> <br />Conclusions and Recommendations: <br /> <br />The proposed improvements are feasible and will benefit the area served. Ii <br />is our recommendation the City proceed with the improvements as presented. <br /> <br />To obtain the most economical bids, We would recommend that the City consider <br />bidding the project in conjunction with other street projects and bid the <br /> <br /> <br />