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COSTS <br />Estimated costs and estimated quantities are provided below for the proposed <br />improvements. <br />ESTIMATED COSTS <br />Item <br />Estimated Quanti <br />Estima <br />Bituminous Surfacing 2,800 Tons <br />Class V Gravel 4,900 Tons <br />Grading & Channel Cleaning Lump Sum <br />Culvert Cleaning & Culvert Lump Sum <br />Installation <br />Estimated Construction Cost <br />. Contingencies, Engineering, Administrative & Easements <br />ESTIMATED PROJECT COST <br />$ 65,600 <br />24,500 <br />15,000 <br />6,000 <br />$111,100 <br />30,000 <br />$141,100 <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 />• The benefited area is shown on Exhibit A. <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 />r <br />Rev. 7/16/81 <br />4 <br />