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<br /> . ASSESSMENT HEARlNG <br /> AUGUST 17, 1992 <br /> 1992 COLD IN-PLACE RECYCLING IMPROVEMENTS <br /> ESTIMATED COSTS PRESENTED AT JUNE 8, 1992, PUBUC HEARING <br /> PROJECTED AN ASSESSMENT RATE OF $14 TO $15 PER FRONT FOOT. <br /> ACTUAL BIDS RECEIVED ON JULY 9,1992, WERE APPROXIMATELY <br /> 30% BELOW ENGINEER'S ESTIMATE. <br /> ACTUAL CONSTRUCTION BID $ 82,948.10 <br /> - ADMINISTRATION, FISCAL, LEGAL (32%) ,$ 26.543AQ <br /> TOTAL PROJECT COST $109,491.50 <br /> PROJECT IS FUNDED BY 50%-50% SPUT BETWEEN ABUTTING <br /> PROPERTY OWNERS AND THE CITY. ASSESSMENT RATE <br /> ESTABUSHED ON JULY 13, 1992, AT $11.00 PER FRONT FOOT. <br /> DUNLAP STREET 2514.20 FT x $11.00 = $27,656.20 <br /> WEST ROUND LAKE ROAD 2595.00 FT x $11.00 = $28.545.00 <br /> TOTAL ASSESSED COST $56,201.20 <br /> CITY SHARE OF PROJECT COST $53,290.30 <br /> 034-1302.aug <br /> - <br />