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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 />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 2 and 3 years. <br /> <br />COST SUMMARY <br /> <br />Total Costs <br /> <br />Total Units <br /> <br />Cost Per Unit <br /> <br />Annual Unit Cost (2 years) <br /> <br />Annual Unit Cost (3 years) <br /> <br />$1,490 <br />7 <br />$212.85 <br />$122.64 <br />$85.59 <br /> <br />CONCLUSIONS AND RECOMMENDATIONS: <br /> <br />The proposed improvements are feasible and will benefit the area served. It is <br />our recommendation that the City proceed with the improvements as presented. To <br />obtain the most economical bids, we would recommend that the City consider'bidding <br />the prgject in conjunction with other street seal coating projects and bid the <br />project at the earliest date possible. <br /> <br />3 <br /> <br /> <br />