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Page 2 of 2 <br /> <br />The calculation of the amount to be assessed as approved by Council Resolution 2021-013 is <br />shown below. Also, the Council established that the interest rate would be 3.15% and the term <br />would be 10 years. <br /> <br /> <br />STREET RECONSTRUCTION <br />Item Calculation Result <br />Half of Construction Cost $874,637.97/2 $437,318.98 <br />Add 27% Overhead $437,318.98 x 1.27 $555,395.11 <br />Divide by Assessable Units $555,395.11/80 $ 6,942.44 <br /> <br /> <br />STREET RECLAMATION <br />Item Calculation Result <br />Half of Construction Cost $231,278.11/2 $115,639.06 <br />Add 27% Overhead $115,639.06 x 1.27 $146,861.60 <br />Divide by Assessable Units $146,861.60/58 $ 2,532.10 <br /> <br />The full detailed assessment roll is attached as Exhibit B. <br /> <br /> <br />Attachments <br />Attachment A: Assessment Area Map <br />Attachment B: Assessment Roll <br />Attachment C: Resolution 2021-020 <br /> <br /> <br /> <br /> <br /> <br />