Laserfiche WebLink
Total Estimated Funding: <br />Bidding Schedule <br />3asq Bid <br />Alternate 1 <br />Alternate <br />-rota' Pro'gvt <br />Streets[Trails PIR; <br />736,782.90 <br />236,211.55 <br />- <br />S 9. S 4,45 <br />Assessments <br />$ 656,961.00 <br />- <br />- <br />S 651a,S6l.oc <br />Water Utility <br />233,487.20 <br />- <br />- <br />S 233.—S7.2C <br />Sanitary Sewer UtiIi-v <br />$ 182,795.00 <br />- <br />- <br />S 182..7S5.0C <br />Surface Water Utility <br />$ 629,793.00 <br />- <br />$87,931.75 <br />S 711,124.75 <br />Total Project Costs <br />2,439,809.10 <br />$ 236,211.55 <br />$ 87,931.75 <br />2, i 63.952.L0 <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 />A portion of this project is proposed to be assessed to the benefiting property owners and the <br />remainder through other funding sources. In accordance with the City's Assessment policy, the <br />preliminary assessment for the recommended improvement is calculated as: <br />Reclamation Areas: <br />50% Estimated Street Project Costs = $458,724 <br />Residential Equivalent Units = 86 <br />Estimated Assessment Rate = $5,334 <br />Mill & Overlay Areas <br />50% Estimated Street Project Costs = $198,237 <br />Residential Equivalent Units = 69 <br />Estimated Assessment Rate = $2,873 <br />As the project is competitively bid, the calculated assessment amount will be updated leading up to the <br />adoption of the assessment roll. <br />Attachments <br />Attachment A: Resolution 2024-008 <br />Attachment B: Project Plan Sheets <br />Page 3 of 3 <br />