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Page 2 of 3 <br /> <br />The final plan set and specifications consists of 808 pages. Full copies of these documents are on file <br />and available upon request to the City Clerk or by downloading from the project webpage prior to the <br />start of bidding. Selected plan sheets illustrating the project improvements are provided in <br />Attachment B. <br /> <br />Budget Impact <br /> <br />The estimated total project cost and funding sources based on the final plans and specifications are <br />summarized below. <br /> <br />Total Estimated Expenses <br />Construction: $ 1,289,000 <br />Engineering Design: $ 112,172 <br />Construction Mgmt: $ 87,684 <br />Gen Admin & Legal: $ 15,000 <br />Material Testing: $ 20,000 <br />TOTAL ESTIMATE: $ 1,523,856 <br /> <br />Proposed project funding sources are a combination of the City’s Permanent Improvement Revolving <br />(PIR) fund, utility funds, future MSA funds, and special assessments for street improvements <br />summarized in the following table: <br /> <br />Total Estimated Funding <br />PIR Fund: $ 225,457.85 <br />MSA Fund (Future) $ 853,152.65 <br />Special Assessments: $ 191,027.50 <br />Water Utility: $ 224,302.00 <br />Sanitary Sewer Utility: $ 14,150.00 <br />Surface Water Utility $ 15,766.00 <br />TOTAL FUNDING: $ 1,523,856.00 <br /> <br />The amounts listed above are estimates based on the current opinion of probable construction costs. <br />Final total expenses and funding amounts will be revised and presented to the City Council upon <br />receipt of construction bids. <br /> <br />The total estimated cost of the recommended improvements is $1,523,856. A portion of this project is <br />proposed to be assessed to the benefiting property owners and the remainder through other funding <br />sources. The assessments related to Snelling Avenue North is calculated following the residential <br />equivalent unit explained on Page 21 in the Feasibility Report: <br /> <br />Given the non-standard lot configuration and limited number of eligible properties along the <br />Snelling Avenue corridor based on mailing addresses, assessments for Area 1 street <br />improvements on Snelling Avenue were calculated by dividing 50 percent of street costs <br />(trail costs not included) by the total length of roadway improvement frontage (8220-feet) to <br />determine a cost per foot. This unit cost per foot was then multiplied by the minimum lot <br />frontage for R1 zoned properties at 95 feet to arrive at a residential equivalent unit (REU) <br />assessment rate. <br /> <br />The assessments related to Cummings Lane are calculated in accordance with the City’s Assessment <br />policy. The preliminary assessment for the recommended improvements is calculated at $5,631.88 per