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<br /> <br />Feasibility Report Page 18 <br />Snelling Avenue North and County Road E - Street and Utility Improvements <br />City Project Number PW 20-0100 DRAFT <br />5. ESTIMATED COST AND FUNDING <br />5.1 Opinion of Cost <br />A summary of the total project cost estimate for the project is provided in Table 4 below. <br />The estimates includes 37% in overhead costs as outlined in the City’s Assessment Policy. <br />Overhead costs account for engineering, legal, financing, contingency and administrative <br />costs associated with the project. A detailed estimate is provided in Appendix K. <br /> <br /> <br />Area 1: Snelling Avenue North from County Road E to Highway 51, including Bussard Ct <br />Area 2: Roundabout Intersection Improvements at Snelling Ave North and County Road E <br />Alternative 1: Reconstruction with addition of pedestrian trail <br />Alternative 2: Full depth reclamation with no trail construction <br /> <br />The opinion of total project costs is based on recent construction projects of similar character <br />and assumes the construction of proposed improvements will begin in 2022. Actual costs <br />will be determined through competitive bids following final design for the project. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Table 4 - Summary of Project Costs <br /> AREA 1 AREA 2 <br />Cummings <br />Lane <br /> Alternative 1 Alternative 2 Roundabout FDR <br />Improvement Estimated Cost Estimated Cost Estimated Cost Estimated Cost <br />Street Improvements $1,838,680 $782,930 $917,700 $65,130 <br />Sanitary Sewer Improvements $58,420 $60,480 $125,740 $0 <br />Water Main Improvements $440,260 $161,970 $158,230 $0 <br />Storm Drainage Improvements $947,590 $44,200 $479,860 $20,280 <br />TOTAL $3,284,950 $1,049,580 $1,681,530 $85,410