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Legal <br />Fiscal <br />Interest D�ring Canstruction <br />Assessment Roll Preparation <br />Contin�encies <br />TOTAL <br />2.0% <br />3.Q% <br />4.5% <br />�.�% <br />4.0% <br />37.0% <br />The City's portion of the project costs are currently budgeted fram the PIR and Utility <br />Enterprise Funds (sanitary sewer, surface water management and watermain funds}. The <br />proposed project funding summary is listed in the table below. As mentioned, roadway <br />costs include a 37% overhead; while utility costs include 30% overhead. <br />FUNDING SOURCES <br />City: PIR Fuald $ 695,450 <br />City: Enterprise k'unds $ 312,800 <br />Assessm�nts $ 695,450 <br />Assessments <br />As detailed in the feasibility report, two preliminary assessment rates have been <br />established, one for single-�aanily residences and one for multi-family/towrihouse <br />residences. The table below lists the estimated assessment rate for sing�e-family and <br />multi-family residen.tial properties. <br />ASSESSMENT RATES <br />Property Type Street Costs Assessab[� <br />Single-farn�ily * $ 962,900 $ 4$1,450 <br />Multi-family/iawnhouse $ 428,000 $ 214,000 <br />Totals $ 1,390,900 $ 695,450 <br />* Tncludes larger properties that can be further <br />subdivided and tax-exempt equivalent units. <br />Total � Cost per <br />138.0 $ 3,489 <br />306.0 $ 699 <br />City Council Meeting <br />11Metro-inet.uslardenhillslPR&PW1EngineeringlCouncil_Actions1201Q112-I3-lOMemo_20] 1PMP_PH QrderPla�sSpecs.doc <br />Page 3 of 4 <br />