Agenda - Council - 03/28/2006 - Laserfiche WebLink

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on these street shall consist of six inches of class $ gTanutar base, two inches of bituminous ba~e course, and two inches of bituminous wear course on these streets. Drainage shall be provided through ~aded roadside ditches and new driveway culverts over the majority of the project Ieng~; however, in an effort to avoid tree impacts it is proposed that a bituminous berm curb be placed along I63rd Lane and the southernmost 400 feet of Urammite Street. Drainage shall be conveyed from the southeast portion of the project area to the Varolite Street ditchline. Drainage from the southeast portion of the project area shall be conveyed to County Ditch 3/66 which crosses 164~n Avenue between Sapphire and Quartz Street. Drainage from the majority of the project area shall be conveyed to the wetland which is located south of t64m Lane and east of Sapphire Street. Figure 2 illustrates the proposed drainage panems including curblines, spillways, ditches and culverts. It should be noted that 16421 Sapphire street has a mound septic system which is located at least partially within the ri~t of way of Sapphire Street. The proposed drainage plan eliminates the need for a ditch section past this location to avoid conflict with this system. This project does not anticipate the connection of private driveways to the new bituminous roadway. The cost of th/s connection, if desired, will be the responsibility of the individual property owners. Where it is necessary to remove existing driveways for the installation of culverts or to accommodate a transition to the new roadway, such driveways shall be neatly saw cut and replaced with like material as a portion of the project cost. Disturbed tufted areas shall be restored with fertilizer, seed and mulch. ESTIMATED COSTS The construction cost for this project is estimated to be $200,595 which is detailed in Appendix B. In addition to the estimated construction costs an additional 25% has been included to cover the overhead cost associated with this project. These costs include; en~neering design 8%; project administration 5%; bonding and legal 2%; inspection and testing 5%; and 5% for contingencies. The total project cost for this project is therefore estimated to be $250,744. FINANCING It is proposed to finance one half (50%) of the total project cost, $125,372 though special assessments to the benefited properties adjacent to the improved streets consistent with Minnesota State Statutes 429 and City of Ramsey Code Chapter 4. The remaining 50%, or $125,372 of the project will be financed with City of Ramsey general tax funds. The assessed portion of the project cost shall be equally assessed among the benefited 19 properties listed in Appendix C. This would result in an assessment of $6,599 per proper~y. If a property owner would elect to have tl'fis assessment collected over a ten year period at an estimated interest rate of 6.5%, annual payments would range from $I089 to $703 over this ten year period. It should be noted that five of the t9 properties are owned by two property owners and their assessments would be multiples of the above values. . -192- -3-