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COSTS: <br />Estimated costs and estimated quantities are provided below for the proposed <br /> <br />improvements: <br /> <br /> ESTIMATED COSTS <br />151st Avenue N.W., 152nd Avenue N.W. and <br /> Fluorine St. N.W. <br /> <br /> Item Est. quantity. Est. Cost <br />Bituminous Surfacing 820 Ton $ 19,700 <br />Class V Gravel 1200 Ton 6,000 <br />Grading Lump Sum 4,100 <br />Restoration Lump Sum 4,000 <br /> <br />Estimated Construction Cost <br />Contingencies, Engineering, Administrative & <br />Easements <br /> <br />ESTIMATED PROJECT COST <br /> <br />33,800 <br /> <br />9,950 <br /> <br />$43,750 <br /> <br />ESTIMATED COSTS <br /> <br />Service Road Overlax <br /> <br />Construction Cost <br />Contingencies, Engineering, & Administrative <br /> <br />ESTIMATED PROJECT COST <br /> <br />$ 3,100 <br /> 800 <br /> <br />$ 3,900 <br /> <br />FINANCING AND ASSESSMENTS: <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 />benefitting property on a per unit basis. <br /> <br />Due to the'current bond market situation, it is difficult to project accurately <br />the annual amortized unit costs. Therefore, an estimated interest rate of 10 <br />percent will be used to project estimated annual costs. <br /> <br />-3 <br /> <br /> <br />