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<br /> .> .. <br /> CITY OF ARDEN HILLS <br /> . MEMORANDUM <br /> DATE: February 26,1998 <br /> TO: Brian Fritsinger, City Administrator <br /> FROM: Dwayne Stafford, Public Works Director Ys <br /> SUBJECT: 1998 Street Improvement Project <br /> Background <br /> The City of Arden Hills City Council had ordered an Assessment Hearing for March 30,1998, in <br /> the matter of the 1998 Street Improvement Proj ecl. <br /> The City received bids for this project on March 5,1998. Staff has determined the costs for this <br /> project based on those bids and the assessment policy. <br /> Lusts <br /> The following information relates to how staff arrived at the amounts shown on Resolution 98- <br /> 31, Determining the Assessed Cost for the 1998 Street Improvement. <br /> . Total Low Bid 5679,356.69 <br /> Subtractions for the following non-assessable items <br /> I .Hamline Ave. culvert replacement $20,529.80 <br /> 2. County Rd. E hydrant relocation 8,812.40 <br /> 3. Stowe Ave. water connection to New Brighton 11,182.65 <br /> 4. Trail Improvements 18,19ti 50 <br /> Total 58,721.35 <br /> - 58,721 35 <br /> Total Bid Amount for the 1998 Street Improvement 620,635.34 <br /> Overhead costs to the City @ 26% + 160,362.17 <br /> Total Cost for Improvement 780,997.51 .~ <br /> Subtraction for Sealcoating including overhead - ?(i 175 24 <br /> Total Assessable Costs 754,822.27 <br /> City's Costs @ 50% 377,411.13 <br /> Total Assessable Amount @ 50% 377,411.13 <br /> Total Improvement Costs 780,997.51 <br /> Minus Total Assessable Amount -377,411.13 <br /> Total Improvement Cost to City 403,586.37 <br /> . <br /> ~_.- <br />