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4.8 Right -of -Ways / Easements <br />City Staff will obtain required right of entries on a case by case basis. <br />5. FINANCING <br />5.1 Opinion of Cost <br />A detailed opinion of probable costs for the proposed improvements can be found in Appendix B <br />of this report. The opinion of probable costs incorporates anticipated 2019 construction costs for <br />the proposed improvements with 5-percent contingency costs, plus 23-percent indirect costs for <br />administrative, engineering, financing and legal costs. <br />City Staff prepared the Feasibility Report in-house as part of Staff's normal duties. <br />Braun Intertec prepared the Geotechnical Exploration and Engineering Review, included in <br />Appendix C, at a cost of $3,974.78. <br />5.2 Funding <br />5.2.1 Assessments <br />A portion of the project costs is proposed to be recovered through special assessments <br />levied against the 8 identified benefitting properties; 4 along 180th Lane, and 4 along <br />Krypton Street. Assessments are proposed to be collected for eligible improvements <br />benefiting residential properties with direct access to the improved segments of Ford Brook <br />Estates as described below. A preliminary assessment summary is included below in Table <br />1. <br />Residential Assessments: <br />Special assessments are proposed to be levied against residential properties having direct <br />access to improved streets. To be consistent with previous applications of the Special <br />Assessments Policy, each residential property is proposed to be assessed using the "per lot" <br />method. <br />Each residential property is preliminarily proposed to be assessed at the rate of $3,919.90 <br />per lot. Since State Statute and the City Charter do not allow for assessments to exceed the <br />benefit to the property, Staff requests Council authorization to order a benefit appraisal <br />consultation for this project in accordance with the City's Special Assessment Policy. <br />The Preliminary Assessment Map and Roll are included in Appendix B. <br />Feasibility Report <br />Ford Brook Estates Street Reconstructions <br />City of Ramsey Project No. 19-01 <br />12 <br />