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ESTIMATED COSTS <br /> <br />Item <br /> <br />Est~matedquantity <br /> <br />Bituminous Surfacing <br />Class V Gravel <br />Grading & Channel Cleaning <br />Culvert Cleaning & Culvert Installation <br />Restoration <br /> <br />Estimated Construction Cost <br /> <br />Estimated Cost <br /> <br />2100 To~. $ 50,400 <br />3640 Ton 18,200 <br />Lump Sum 9,000 <br />Lump Sum 2,000 <br />Lump Sum 9~000 · <br /> <br />Contingencies, Engineering, Administrative & Easements <br /> <br />ESTIMATED PROJECT COST <br /> <br />88,600 <br /> <br />23~000 <br /> <br />$111,6o0 <br /> <br />FINANCING AND ASSESSMENT: <br />In accordance with the City of Ramsey's current street assessment policy, the <br />proposed improvements are proposed to be financed by special assessments to the <br />benefiting property on a per unit basis. <br /> <br />The benefited area is shown on Exhibit A. <br /> <br />The following table provides a cost summary for the project based on the total <br />estimated cost, unit cost and annual amortized unit costs projected at 10 percent <br />interest for a period of 10 years.- <br /> <br />COST SUMMARY <br /> <br />Total Cost <br /> <br />Total Units <br /> <br />Cost Per Unit <br /> <br />Annual Unit Cost (10 Years) <br /> <br />$111,600 <br />51 <br />$2,188.2~ <br />$356.02 <br /> <br />CONCLUSIONS AND RECOMMENDATIONS: <br />The proposed improvements are feasible and will benefit the area served. <br />recommended that the C~ty proceed with the improvements as presented. <br /> <br />It is <br /> <br />To obtain the most economical bid, it is recommended that the ~ity consider <br />bi~ding the project with other city projects as one contract. Each project <br />would be separated into a separate bid schedule for assessing purposes. It <br />is also recommended that the projects be bid at the earliest date possible. <br /> <br />3 <br /> <br /> <br />