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FINANCING AND ASSESSMENTS: <br />In accordance with the City of Ramsey's current street assessment policy, the <br />proposed improvements are propoed 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 estimatJd 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 <br />percent interest for a period of 10 years. <br /> <br />COST SUMMARY <br /> <br />Total Costs $48,775 <br />Total Units 17 <br />Cost Per Unit $ 2,869.12 <br />Annual Unit Cost (10 Yrs.) $ 466.80 <br /> <br />CONCLUSIONS AND RECOMMENDATIONS: <br />The proposed improvements are feasible and will benefit the area served. It is <br />our recommendation the City proceed with the improvements as presented. To obtain <br />'the most economical bids, we would recommend that the City consider bidding the <br />project in conjunction with other street projects as one contract. <br /> <br /> <br />