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<br /> ~-- <br /> Throughout this manual. the total cost of an improvement shall include <br /> . the construction cost plus all associated overhead costs. The total \ <br /> cost of the associated overhead for a public improvement project would <br /> \ <br /> typically include the following as a percentage of the construction <br /> cost: <br /> City Administration 2.5% <br /> Eng i need ng 15.0% <br /> Legal 2.0% <br /> , Fi sca 1 3.0% <br /> Interest During Construction 4.5% <br /> Assessment Roll Preparation 1.0% <br /> Contingencies 4.0% <br /> TOTAL 32.0% <br /> , <br /> These overhead costs are estimates only. The actual costs incurred <br /> . <br /> i <br /> will be tracked and charged to the project. Any contributing funds <br /> I . from outside sources (i.e.. Municipal State Aid. water or sanitary <br /> - sewer operating funds. connection charges. other governmental agencies) <br /> ~. may be deducted from the total improvement cost to determine the <br /> ~ assessable costs. <br /> " <br /> - <br /> = The initiation of public improvement projects may happen in two <br /> .. <br /> ; <br /> different methods. The first method is by a petition of the affected i <br /> - <br /> - <br /> = <br /> .. property owners. The petition must be signed by the owners of not less <br /> - than 35 percent of the frontage of the real property abutting the <br /> " proposed improvements. The second method is to initiate the <br /> proceedings by City Council direction. in which case no petition is <br /> -. <br /> needed. An outline of the public improvement process is provided in <br /> . the Appendix. <br /> ..,.-- . <br /> . .- '- -.... ." _,._.........""~...a"'.-_O"'-. '-. <br /> ,. <br /> 2 --...,. - . '.-- . <br /> - 0'.'''0- '. <br /> ~ <br /> ,. <br /> ~.,., ". ff;;.:'~':~ -..... <br /> "-,,-,. "---._-~--"-'--" ,_._--_._~ -.- ,~-- <br />