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<br /> . Memorandum, 1998 PMP Reconstruction Assessment Rate <br /> Page Three <br /> March 11, 1998 <br /> The following table shows the impact of this alternative: <br /> SWM Non-SWM In.tal <br /> Hard Costs $113,705 $339,942 5453,647 <br /> Overhead @ 26% 29 563 88,385 117948 <br /> Total Costs $143268 $478327 S57 I 595 <br /> Assessable Costs N/A $214,164 <br /> Assessable Footage 5769.39 <br /> Rate Per Foot $ 371? <br /> This approach would reduce total reconstruction assessments from an "Assessment Hearing <br /> Notice" level of$28l,835 to $214,160 - a reduction of$67,675 or 24%; with all of the reduction <br /> being absorbed by the SWM utility. <br /> The downside to this approach is a policy deviation from previous years and the use of <br /> . approximately 85% of the SWM revenue stream for this purpose. <br /> Conclusion <br /> Although there are many more alternatives or hybrids of the above, I believe the alternatives <br /> outlined above can adequately frame the discussion for the Council Worksession on March 16, <br /> 1998. <br /> . <br />