Agenda - Council - 05/24/2005 - Laserfiche WebLink

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ESTIMATED COSTS A detailed itemization of project costs is presented in Appendix C. These costs have been ag~egated into the four separate categories. Sanitary Sewer and WaterTnain 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 portion of the project which would be' disturbed by the installation of these utilities. Watermain looping costs include the northerly extension of the Watermain a distance of 650 feet from the watermain service extension area through its connection to the existing main. on Riverdale Drive. Tiffs watermain 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 Utilizing a 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 among the benefited properties based upon front footage. The looping of the Watermain 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 cost of the sidewalk shall be completely funded by the city through the use ot~ the' city trail fund. The cost of the concrete curb and gutter shall be assessed 100% to Properties which will benefit from the sewer and water improvements, since this improvement has 'a history of being associated with these City utilities. The remaining properties shall have the cost of the cg..ncrete curb and gutter assessed 50% of its total cost. It is proposed that 50% of the cost of the 'bituminous overlay improvements be assessed based upon front footage to all property owners and that the remaining 50 % be financed by the City General fund. This is consistent with the policy associates with the annual street maintenance program. A summary of the project costs is presented below: -276- -4-