Agenda - Council - 05/23/2006 - Laserfiche WebLink

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on these street shall consist of six inches ofdass 5 grannlar base, two inches o£ bitunrinous base course, and two inches ofbitnminous wear course on these streets. Drainage si]all be provided drrough g-faded roadside ditches and new driveway culverts over thc majority o£the project length; however, in an effort to avoid tree impacts it is proposed that a bituminous bean curb be placed along 167 Lane and the sonthernmost 400 feet of UranimJte Street. Drainage shall be conveyed front th.e southeast portion of the project area to thc Varolite Street ditchline. Drainage from the southeast portion o£ the project area shall be conveyed to County Ditch 3/66 which crosses 164th Avenue between Sapphire and Quartz Street. Drainage from the majority of the project area shall be conveyed to the wetland winch is located south of 164 Lane arm east of Sapphire Street. Figaro 2 illustrates the proposed drainage patterns including curblines, spillways, ditches and culverts. It should be noted that 16421 Sapphire street has a mound septic system which is located at [east partially withJn the fight 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 alticipate the cmmection of private driveways to the new bituminous roadway. The cost of this connection, if desired, wilt be the responsibility of thc individual properW owners. Where it is necessary to remove existing d~Jveways J:br the installation of culverts or to accommodate a transition to the new roadway, snch driveways shall be neatly saw cut and replaced with like material as a portion of the project cost. Disturbed turfed areas shall be restored with fertilizer, seed and mulch. EST[MATED COSTS The construction cost for this project is estimated to be $200,595 which is detailed in Appendix B. [n additinn to the estimated construction costs an additional 25% has been incittded to cover the overhead cost associated with this project. These costs include; engineering desi~ma 8'%; project administration 5%; bondin5' and legal 2%; inspection and testing 5%; and 5% ~br contingencies. The total project cost fro' this project is therefore estimated to be: $250,7'44. F[NANCING It is proposed to finance one half (50%) of the total project cost, $125,372 though special assessments to tim benefited properties adjacent to the improved sa'eels consistent with Minoesota 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 2rods. The assessed portion of the project cost shall be equally assessed among the benefited i9 properties listed iii Appendix C. This would resuit in an assessment of $6,599 per pt'operty. Il' a property owner would elect to have this assessment collected over a ten year per/od at an estimated interest rate of 6.5%, annual payments would range from $1089 to .5703 over this ten year period, l'c should be noted that five of the I9 properties arc owned by two property owners and their assessments would be multiples of the above ralLies. -289--