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<br /> Mr. Brian Fritsinger <br />. November 4, 1998 <br /> Page 3 <br /> PrQ,ject Cost!Fundin~ <br /> The estimated roadway component cost for alternative D is $1,039,675.00 which includes <br /> a 10% contingency cost and 26% overhead cost. A detailed construction cost estimate is <br /> attached to this addendum. An overa1\ review of the project costs and funding for <br /> Alternative D is illustrated below: <br /> rost SlImmaty <br /> Roadway (including sidewalk) $1,039,675.00 <br /> Storm Sewer Improvements $ 245,110.00 <br /> Watermain Improvements $ 230,550.00 <br /> Permanent Easement Acquisition* !II 28,500 00 <br /> Total Base Project Cost $1,543,835.00 <br /> FlIncling Summaty <br /> Watermain Fund $ 230,550.00 <br /> MnDOT State Aid $ 500,000.00 <br /> Assessments** $ 323,000.00 <br />. General Fund*** $ 151,000.00 <br /> Storm Water Fund $ 184,200.00 <br /> Other Sources**** !II 155,085 00 <br /> Funding Total $1,543,835.00 <br /> *Permanent easement acquisition costs based upon an assumed unit price of$1.00/SF. <br /> **Contribution based upon $ 170.00/FF assessed against a total of approximately 1900 <br /> front feet among five commercial property owners. The assessment rate is based upon <br /> 70% of the cost of constructing the east half of Alternative D including storm sewer <br /> improvements. , <br /> *** This contribution represents the annual contribution programmed from the general <br /> fund for the 1999 street reconstruction program. <br /> ****Possible sources include the non-assessable road improvement fund, any remaining <br /> bond proceeds, general fund, or permanent improvement revolving fund. <br />. <br /> U:\WPDOCS\ARDENHIL\llOUNDLAK\FEASADDN.MEM <br />