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02-10-14-R
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02-10-14-R
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2/7/2014 3:08:42 PM
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<br />Appendix B <br />Estimated construction costs for the proposed improvements are itemized in , and are summarized in <br />Table 1 <br />, below. These cost estimates are based on public construction cost information. Since the consultant has no <br />control over the cost of labor, materials, competitive bidding process, weather conditions, and other factors affecting <br />the cost of construction, all cost estimates are opinions for general information of the client, and no warranty or <br />guarantee as to the accuracy of construction cost estimates is made. It is recommended that costs for project <br />financing should be based on actual competitive bid prices with reasonable contingencies. <br />Table 1. Summary of Estimated Costs <br /> <br />Note: All estimates indicated include total project costs (contingencies, engineering and other professional services, <br /> <br />construction administration, etc.). Right-of-way acquisition costs are not included. <br />Because the majority of the project involves improvements to County Road E, Ramsey Countys cost participation <br />policy applies to those road improvements west of Lexington Avenue (Item #2, above). The City would have no <br />cost participation in those road improvements east of Lexington Avenue (Item #4, above), as they are outside of the <br />City limits. Mn/DOT cost participation is also expected for the proposed signal system improvements at the <br />intersection of County Road E and Connelly Street, in association with Mn/DOTs northbound T.H. 51exit ramp at <br />this intersection. Based on the applicable cost participation policies, the estimated funding split for the project is as <br />follows: <br />Agency Cost <br />City of Arden Hills $856,566 <br />Ramsey County $915,674 <br />Mn/DOT $14,402 <br />Total $1,786,642 <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />
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