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<br />I <br />i <br />"e <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />.- <br />I <br />i <br />1\ <br />I <br />I <br />I <br />I <br />,. <br />I <br /> <br />PROJECT COSTS/PROJECT FUNDING <br /> <br />PROJECT COST SUMMARY <br />Preliminary construction cost estimates have been prepared for the proposed project. Project <br />costs shown below include a 10% contingency cost and 26% for administrative costs. <br />Administrative costs include engineering, planning, legal, fiscal, and city staff expenses. The <br />following is a summary of the estimated project costs for the recommended improvements: <br />Street Roadway Storm Sewer Total Cost <br />Ingerson Road $583,300.00 $126,600.00 $709,900.00 <br />Hamline Avenue $347,000.00 $88,600.00 $435,600.00 <br />Cannon Avenue $150,900.00 $34,900.00 $185,800.00 <br />Femwood Street $63,400.00 $43,300.00 $106,700.00 <br />Femwood Court $62,900.00 $9,200.00 $72,100.00 <br />Ingerson Court $93,700.00 $2,500.00 $96,200.00 <br />Carlton Drive $316,300.00 $68,900.00 $385,200.00 <br />Pond A Construction $66,200.00 <br />Pond B Construction $60,900.00 <br />Femwood Court Channel $50,000.00 <br />Watermain $74,600.00 <br />Total Estimated Project Cost $2,243,200.00 <br /> <br />Street Widths: <br />Incorporating alternative street widths within the neighborhood could reduce the overall project <br />cost by as much as $80,000.00. <br /> <br />Cannon Avenue and Tiller Lane Cui de Sacs: <br />Constructing a cui de sac at the west end Cannon Avenue would cost approximately $142,800.00 <br />or only $8,100.00 less than the estimated cost to construct the roadway through to Tiller Lane. In <br />addition the estimated cost to construct a cui de sac at the west end of Tiller Lane is <br />approximately $63,900.00. The net additional cost for the cul-de-sac option would therefor be <br />over $50,000.00 greater than reconstructing Cannon A venue in its current alignment. <br /> <br />7 <br /> <br />- <br />