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8.0 <br /> <br />Summary of Storm Drainage, Water and Sanitary Sewer <br /> <br />· Storm Drainage Construction Cost <br />· Water Construction Cost <br />· Sanitary Sewer Construction Cost <br />· Total Estimated Construction Cost <br /> <br />$ 829,264 <br />$ 643,010 <br />$1,049,836 <br /> <br />$2,522,110 <br /> <br />$ 504,422 <br />$3,026,532 <br />$ 580,596 <br />$2,445,936 <br /> <br />· Construction Overhead Cost (20%) <br />· Total Utility Cost <br />· MSA Funding Storm Drainage <br />· Balance to be Funded by Other Sources <br /> <br />PROJECTED PROJECT SCHEDULE <br /> <br />The following schedule can be anticipated in proceeding with the Project: <br /> <br />1) Present feasibility study and set date of public April 27,.2004 <br /> hearing <br />2) Waive Public Hearing April 27, '2004 <br />3) Order plans and specifications April 27, 2004 <br />4) Approve plans and specifications and authorize April 27, 2004 <br /> bids <br /> <br /> Receive bids and award project <br /> <br /> Initiate construction <br /> <br /> Complete construction <br /> <br /> Hold Assessment Hearing <br /> <br />5) <br /> <br />7) <br /> <br />8) <br /> <br />April27,2004 <br /> <br />May 7, 2004 <br /> <br />June 30,2005 <br />August 9,2005 <br /> <br />The above schedule is based on utilizing the Assessment For Improvement <br />Procedures per Minnesota Statute 429. The City may decide to fund the project <br />using alternate methods of financing. <br /> <br />SUMMARY AND RECOMMENDATIONS <br /> <br />The proposed improvements are technically feasible and will benefit the area <br />served. It is recommended that the City take the steps discussed in Section 8.0 <br />of this report and proceed with the improvements. <br /> <br />Page 7 <br />G:\Mu nicipal~,ramsey\3171 \RA3171 FSR.doc <br /> <br /> <br />