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The City's portion of the projeci costs are currently bu�geted from the PIR and Utility <br />Enterprise Funds (sanitary sewer, surface water management and water main funds). A <br />�raject cost summary is listed in the table beiow. Roadway costs include a 37% <br />overhead; utility costs include 30% overhead. <br />Fu�d Sudgeted Feasibility Report <br />Watermain Enierprise Utility $ 250,OOQ $ 198,800 <br />Sanitary Sewer Enterprise Utility $ 32,500 $ 22,400 <br />Surface Water Management Util'rty $ 67,500 $ 91,600 <br />PIR / Assessments $ 1,397,000 $ 1,390,900 <br />Totai $ 1,747,000 $ 1,703,700 <br />FUNDING SOURCES <br />City: PTR Fund $ 695,450 <br />Ciiy: Entearprise Funds $ 312,800 <br />Assessments $ 695,450 <br />Assess�ents <br />As detailed in the feasibility report, two preliminary assessment rates ha�e been. <br />established, one for single-family residences and one for multi-farnily/townhouse <br />residences. Th.e table below lists the estimated assessment rate for single-family and <br />multi-family residentiai properties. <br />ASSESSMENT RA,TES <br />Property Type Street Cos#s Assessab[e Total Cost per <br />Costs 50% Units Uni� <br />Single-family * $ 9b2,900 $ 481,450 138.0 $ 3,489 <br />Multi-family/townhouse $ 428,000 $ 214,000 306.0 $ 699 <br />Tatals $ 1,390,900 $ 695,450 <br />*�ncludes larger properties that can be further <br />subdivided and tax-exempt equivalent units. <br />City Council Meeting <br />11Metro-inetlardenhi11s1AdminlCouncillAgendas & Packet Information120 1 111-3 1-1 1 RegularlPacket Tnformationll-31- <br />11Memo_2011PMP ApprovePlansSpecs-OrderAdPorBid.doc <br />Page 3 of 4 <br />