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<br /> I
<br /> -I The potential cost of additional street right-of-way could reach as much as $50,000, depending-
<br /> I- upon the street alternate selected.
<br /> The necessary street and utility right-of-way for the Minnesota Transfer street alignment is
<br /> I proposed to be dedicated with the development of Phases IT through IV. And, finally, there will
<br /> be a need to either obtain new or modify existing easements for the proposed Round Lake trail
<br /> I alignment, should the City desire to proceed with those improvements. It is recommended that
<br /> the City pursue the acquisition of the Minnesota Transfer Rail spur as well, as this could save the
<br /> I City in excess of $100,000 in pipe jacking, construction, and design costs alone.
<br /> PROJECT COSTS
<br /> I
<br /> The respective costs for each specific improvement have been incorporated into the various
<br /> I improvement sections of this report. Those costs yield a total estimated construction cost ranging
<br /> frorn $1,526,700 to $1,944,700, depending upon the alternate improvements selected. Including
<br /> I a 5 % construction contingency and a 32 % overhead factor, the estimated total project cost will
<br /> range from $2,116,000 to $2,695,400. A tabulation the project costs is presented below, with
<br /> I- consideration for the phasing of construction during both the 1997 and 1998 construction seasons.
<br /> That phasing is further detailed on the following page of this report.
<br /> I GA TEW A Y BUSINESS DISTRICT
<br /> I Cost Tabulation (1997-1998 Phasing)
<br /> Minimum Proposed Proposed Project Proposed Proposed
<br /> I Project 1997 Project 1998 Project Cost with 1997 Project 1998 Project
<br /> Improvement Cost Cost Cost Alternates Cost Cost
<br /> I Sanitary Sewer $122,500 $122,500 $-- $316,500 $316,500 $ --
<br /> Watermain 149,200 149,200 $ -- 149,200 149,200 $ --
<br /> I Storm Sewer 474,000 242,000 232,000 474,000 242,000 232,000
<br /> Roadways 1,063,400 485,000 578,400 1,448,800 487,500 %1,300
<br /> I Landscaping 306,900 -- 306,900 306,900 -- 306,900
<br /> Totals $2,116,000 $988,700 $1,117,300 $2,695,400 $1,195,200 $1,500,200
<br /> I
<br /> . At the request of City Staff, project funding for these improvements has not been addressed within
<br /> I the scope of this report. Financial and economic feasibility of these improvements should be
<br /> evaluated by the City's finance department prior to formal action related to this project.
<br /> I
<br /> FEAS-520.089 -10- 520-089-10
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