CCP 04-29-1996 - Laserfiche WebLink

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1-'- , I Honorable Mayor and City Council ,. April 3, 1996 Page Two Proposed Improvements I The project improvements include the installation of an 8-inch watermain loop along Old 10 as shown on the attached Exhibit 1. The improvements would also include the I installation of five hydrant assemblies and 20 residential water services to the lot lines of the residences along the roadway. I Also in conjunction with the improvements is the replacement of a segment of 6-inch watermain between County Road F and Valentine Avenue. This segment of watermain I replacement could be incorporated with this project if the City desires. However, as it is anticipated that the replacement of the existing watennain is not an assessable improvement, it has been proposed as a stand-alone project to this point. I Project Costs I The anticipated costs of the proposed Old Highway 10 watennain improvements are listed below: Ie Construction Item Qtt,. .!lnit Unit Cost Th!.a! 12" x 8" Cut-in tee connections 2 EA $3,500 $ 7,OCfJ 8-inch DIP watermain 2,700 LF $ 16 $43,200 I Hydrants with valve assembly 5 EA $1,500 $ 7,500 Residential water service 20 EA 5 450 $ 9,OCfJ Restoration 1 LS 52,500 $ 2.500 1 Construction Total 569,200 Overhead Costs (32 %) $22.100 I Estimated Project Cost $91,300 I Project Funding I The project is proposed to be financed using a combination of two sources, including the City of Arden Hills' water utility fund and property assessments to benefitting properties. According to the City's current assessment policy, the cost for constructing a watermain I beyond the 6-inch residential minimum is to be a City cost. This amount is estimated to be approximately $8,200 to $9,700, based upon assumed construction and overhead costs. The remaining $81,000 to $83,000 would be funded through property assessments to those I properties abutting Old Highway 10. f' I j~O/075-0~06.apr