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Honorable qayor and City Council <br />City of Ramsey <br />September 30, 2980 <br />Page Two <br /> <br />be constructed to drain the water to the stom sewer. The cost of a one and <br />one half inch bituminous overlay including the proposed e×cavation 'and widening <br />the street to 24 feet is shown in the following table: <br /> <br />ESTIMATED COSTS <br /> <br />Total Cost -'$ 5,850 <br />Total Assessable Front Feet 1,060 <br />Cost Per Front Foot $ 5.52 <br />Cost Per 1OD Foot Lot $ 552 <br />Annual Cost Per 100 Foot Lot *$ 84.12 <br /> <br />* Based on 8.5% interest over 10 years <br /> <br />The above costs are proposed to be assessed on a front foot basis; however, <br />the council may elect to assess the project on a unit basis or a combination of <br />units and front feet. <br /> <br />If the council decides to proceed with this project it could be added to an <br />existing city project by change order. This would allow for construction of the <br />project this year. <br /> <br />We would be happy to discuss any questions you may have in regard to this project. <br />Yours Truly, <br /> <br />CONSULTING ENGINEERS DIVERSIFIED, INC. <br /> <br />Peter R. Raatikka, P.E. <br />PRR:jmj <br /> <br />cc: Council Members (5) <br /> Lloyd Schnelle, City Adm. <br /> <br />File: RT9:11-1 <br /> <br /> <br />