Laserfiche WebLink
Page 3 of 5 <br /> <br />Consistent with the City’s Assessment Policy, 37% overhead costs for the street <br />improvements has been included, which was used to calculate preliminary assessment <br />rates. The overhead is broken down as follows: <br />City Administration 2.5% <br />Design Engineering <br />Construction Engineering <br />10.0% <br />10.0% <br />Legal 2.0% <br />Fiscal 3.0% <br />Interest During Construction 4.5% <br />Assessment Roll Preparation 1.0% <br />Contingencies 4.0% <br />TOTAL 37.0% <br /> <br />The project is proposed with alternatives for roadway rehabilitation. The costs of these <br />alternatives are broken down in the following tables taken from the Feasibility Study: <br /> <br />Alternative 1 – Reconstruction <br /> <br />ESTIMATED PROJECT COSTS <br />Street Improvements <br />Construction Cost $ 2,055,000 <br />Contingency & Overhead (37%) $ 760,350 <br />Total Estimated Cost $ 2,815,350 <br />Watermain Improvements <br />Construction Cost $ 490,000 <br />Contingency & Overhead (30%) $ 147,000 <br />Total Estimated Cost $ 637,000 <br />Sanitary Sewer Improvements <br />Construction Cost $ 68,400 <br />Contingency & Overhead (30%) $ 20,520 <br />Total Estimated Cost $ 88,920 <br />Storm Drainage Improvements <br />Construction Cost $ 325,000 <br />Contingency & Overhead (30%) $ 97,500 <br />Total Estimated Cost $ 422,500 <br />Total Street Improvements Cost $ 2,815,350 <br />Total Utility Improvements Cost $ 1,148,420 <br />Total Project Cost $ 3,963,770 <br />