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<br /> . ESTIMATED COSTSIPROPOSED FUNDING <br /> Proposed constmction costs for the 2007 PMP Improvement Pr~ject (including bituminous <br /> street, storm sewer, sanitary sewer, watermain, and turf restoration) arc itemized in the tables <br /> located in the appendix and are summarized below. The City's assessment policy states that <br /> estimated construction costs should includc 37% f()r overhead costs and a contingency factor. <br /> Overhead costs include legaL engineering. administrative and fiscal costs. The estimated <br /> costs for street improvements listed below include 32% for overhead costs, since the City of <br /> Roseville's proposal for the project was based on 15% for engineering fees, not 20%, as is <br /> listed in thc policy. Utility improvements are not assessed, therefore, the cost cstimates for <br /> utility work include only an additional 15% f()r cngineering rees. These cost estimates are <br /> based upon 2006 public construction costs. Since we have no control over the cost oflabor, <br /> materials, competitivc bidding process. weather conditions and other factors atfecting the <br /> cost of construction, all cost estimates arc opinions f()r general information and no warranty <br /> or guarantee as to the accuracy of construction cost estimates is made. <br /> ESTIMA TED PROJECT COSTS <br /> Street Improvements <br /> Construction Costs $ 554,455.74 <br /> 32% Overhead $ 177,425.84 <br /> . Total Street Improvement Costs $ 731,881.58 <br /> Watermain Improvements <br /> Construction Costs $ 2,120.00 <br /> 15% Enginccring $ 320.00 <br /> Total Watermain Improvement Costs $ 2,440.00 <br /> Sanitary Sewer Improvements <br /> Construction Costs $ 8,162.00 <br /> 15% Engineering $ 1,225.00 <br /> Total Sanitary Sewer Improvement Costs $ 9,387.00 <br /> Storm Sewer Improvements $ 0.00 <br /> Construction Costs $ 0.00 <br /> 15% Engineering <br /> Total Storm Sewer Improvement Costs $ 0.00 <br /> TOTAL PROJECT COSTS $ 743,708.58 <br /> It is proposed that these projects be 1inanced similar to past Pavement Managcment <br /> Program projects. Utility improvements will be funded from the appropriate enterprise <br /> fund, and street improvements will be funded from the General Fund, PIR fund, and <br /> assessments. <br /> . <br /> 22 <br />