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on these street shall consist of six inches of class 5 granular base, two inches of <br />bituminous base course, and two inches of bituminous wear course on these streets. <br /> <br />Drainage shall be provided through graded roadside ditches and new driveway culverts <br />over the majority of the project length; however, in an effort to avoid tree impacts it is <br />proposed that a bituminous berm curb be placed along 163~° Lane and the southernmost <br />400 feet of Uranimite Street. Drainage shall be conveyed from the southeast portion of <br />the project area to the Varolite Street ditchline. Drainage from the southeast portion of <br />the project area shall be conveyed to County Ditch 3/66 which crosses 164th Avenue <br />between Sapphire and Quartz Street. Drainage from the majority of the project area shall <br />be conveyed to the wetland which is located south of 164th Lane and east of Sapphire <br />Street. Figure 2 illustrates the proposed drainage patterns including curblines, spillways, <br />ditches and culverts. It should be noted that 16421 Sapphire street has a mound septic <br />system which is located at least partially within the ri~ht of way of Sapphire Street. The <br />proposed drainage plan eliminates the need for a ditch section past this location to avoid <br />conflict with this system. <br /> <br />This project does not anticipate the connection of private driveways to the new <br />bituminous roadway. The cost of this cormection, if desired, will be the responsibility of <br />the individual property owners. Where it is necessary to remove existing driveways for <br />the installation of culverts or to accommodate a transition to the new roadway, such <br />driveways shall be neatly saw cut and replaced with like material as a portion of the <br />project cost. Disturbed tufted areas shall be restored with fertilizer, seed and mulch. <br /> <br />ESTIMATED COSTS <br /> <br />The construction cost for this project is estimated to be $200,595 which is detailed in <br />Appendix B. In addition to the estimated construction costs an additional 25% has been <br />included to cover the overhead cost associated with this project. These costs include; <br />engineering design 8%; project administration 5%; bonding and legal 2%; inspection and <br />testing 5%; and 5% for contingencies. The total project cost for this project is therefore <br />estimated to be $250,744. <br /> <br />FINANCING <br /> <br />It is proposed to finance one half (50%) o~ the total project cost, $I 25,372 though special <br />assessments to the benefited properties adjacent to the improved streets consistent with <br />Minnesota State Statutes 429 and City of Ramsey Code Chapter 4. The remaining 50%, <br />or $125,372 of the project will be financed with City of Rarnsey general tax funds. The <br />assessed portion of the project cost shall be equally assessed among the benefited 19 <br />properties listed in Appendix C. This would result in an assessment of $6,599 per <br />property. If a property owner would elect to have this assessment collected over a ten <br />year period at an estimated interest rate of 6.5%, annual pa,vments would range from <br />$1089 to $703 over this ten year period. It should be noted that five of the 19 properties <br />are owned by two property owners and their assessments would be multiples of the above <br />values. <br /> <br />-3- 47 <br /> <br /> <br />