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potential flooding problems should be required to install driveway culverts. <br />This work is proposed to be done by the owner of the affected property, with <br />the exception of those areas where ditch lowering or drainage patterns are changed. <br /> <br />C6sts: <br />Estimated costs and estimated quantities are provided below for the proposed <br /> <br />improvements. <br /> <br />ESTIMATED COSTS <br /> <br />Item. <br /> <br />Bituminous Surfacing <br />Class V Gravel <br />Grading & Channel Cleaning <br />Culvert Cleaning & Culvert <br /> Installation <br />Restoration <br /> <br />Estimated~ <br /> <br />Estimated Cost- <br /> <br />4050 Ton $ 97,200 <br />7000 Ton 35,00D <br />Lump Sum 22,000 <br /> <br />Lump Sum <br />Lump Sum <br /> <br />Estimated.Construction Cost <br />Contingencies, Engineering, Administrative .& Easements <br /> <br />ESTIMATED PROJECT COST <br /> <br /> 6,000 <br /> 12,000 <br /> <br />$172,200 <br /> <br /> 48,050 <br />$220,250 <br /> <br /> Financing and Assessment: <br />In accordance with th~ 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 ~ased on the total <br />estimated cost, unit cost and annual amortized unit costs projected at 10 percent <br /> <br />interest for'a period of 10 years. <br /> <br />4 <br /> <br /> <br />