Agenda - Council - 02/08/2005 - Laserfiche WebLink

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ESTIMATED COSTS A detailed itemization of project costs is Presented in Appendix C. These costs have been aggregated into the foUr separate categories. Sanitary Sewer and Watermain Service Extension costs include those.costS associated-with the extension of sanitary utilities in order to provide service to properties currently without them. These costs include the removal of existing pavement and the restoration of the class 5 and bituminous base Course through:the p0rti°n of the project which would be disturbed by the installation of these utilitieS. Watermain loOping costs include the northerly extension of the waterrnain a distance of 650 feet frm-n the watermain service extension area through its comlection to the existingmain on Riverdale Drive. This watennain looping includes the costs associated with pavement removal and restoration caused by its installation similar to the sewer and Watermain service benefited area. FINANCING This project anticipates utilizinga number of financing sources. The cost of the sanitary sewer and lateral watermain which will provide service to those lots which do not currently have these sanitary services available will be assessed the total cost identified as Sanitary Sewer and Watermain ServiCe Extension identified in Appendix C. These. costs include the removal of the existing pavement and the replacement of the bituminous base course through the southerly 400 feet of Ebony Street. It is proposed that these costs be distributed anlong the benefited prOperties based upon front footagel The looping of the watennain to Riverdale Drive provides the benefit of increased flexibility to the entire water distribution system. These costs are identified as Watermain - Looping in Appendix C. It is proposed that these costs Would be funded by the City utility trunk fund. The remaining costs associated with, this project include narrowing the roadway, adding concrete curb and gutter, and placing a one and one half inch bituminous wear course over the street. [t iS proposed that 50% of the cost of these improvements be assessed based upon front ~'0otage to the benefihng property owners, and that the remaining 50% be financed by the City General ['und. This is consistent with the policy used in making assessment tot' the mmual street maintenance program. 'A summary of the project costs is presented below: ,. Funding Source- Lateral Watermain Street Total Sewer & Water Looping Improvements Project Special Assessments $ 48,960 $. $ 24,199 $ 73,159 Sewer & Water Trunk Funds $ $ 33,113 $ , - $ 33,113 City General Funds $ $ $ 24,199 $ 24,199 TOTAL $ 48,960 $ 33,113 $ 48,39-7 $ 130,470 3