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.~me existing driveways presently do'not'have driveway culverts. While not all <br /> <br />driveways require a dri culvert, those driveways presently may cause <br /> <br />potential flooding problems should be required to h~ve culverts installed. This <br />work.is proposed to be done by the owner of the affected property. <br /> <br />~osts: <br /> <br />Estimated costs and estimated quantities are provided below for the 'proposed <br /> <br />improvements: <br /> <br /> Item <br /> <br />Bituminous Sdrfacing <br />Class V Gravel <br />Grading and Widening <br /> <br />Restoration, Ditch Clea~ing <br />.and Culvert Cleaning <br /> <br />ESTIMATED COSTS <br />Est. Quantity' <br /> <br />'2500 Ton <br />3500 Ton <br />Lump Sum <br />Lump Sum <br /> <br />Estimated ConstrUction Cost <br /> <br />Contingencies, 'Engineering '& Administrative <br /> <br />Est. Cost <br /> <br />$ 61',250 <br /> 19~250 <br /> 14,000 <br /> 14,000 <br /> <br />$108,5.00 <br />$ 27,125 <br /> <br />ESTIMATED PROJECT COST <br /> <br />...................... $135,62~5 <br /> <br />Due to the current bond market situation, it is difficult to project-accurately <br />the annual amortized unit costs. Therefore, an estimated interest rate of 10 <br />percent will be used to project estimated annual costs. <br /> <br />The following table provides a cost~'summary for the project based on the total <br />estimated cost, unit cost and annual amortized unit costs projected at 10 per- <br />cent interest for a period of 10 years. <br /> <br /> COST SUMMARY <br /> <br />ITo~al Costs <br /> <br /> Total Units' <br /> <br /> Cost Per Unit <br /> <br /> Annual Unit Cost' (10 Yrs. ) <br /> <br />$ 135,625 <br /> <br /> 60 <br />$2'~ 260.42 <br />$ 367.90 <br /> <br /> <br />