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<br />Assessment Calculation
<br />21st Avenue/Backage Road
<br />Improvement Projed
<br />
<br />Proiect Cost at November 10, 2008 Other Cst Drainage Watermain Sanitary Paving
<br /> Subtotal
<br />TOTAL CONSTRUCTION 1,163,526 30,476 554,840 138,406 42,053 397,751 -
<br />Based upon final pay request
<br />28% INDIRECT COSTS, ENGRG., LEGAL, ADMIN 325,787 8,533 155,355 38,754 11,775 111,370 -
<br />TOTAL PROJECT $ 1,489,313 $ 39,009 $ 710,195 $ 177,160 $ 53,828 $ 509,121
<br />Add
<br /> 0
<br />Easements-Sheehv 201,500 67,167 67,187 67,167
<br />Easements-City 913x60=roads
<br />150x200+200x300ponds144780 144780 289 560 180,000 36 520 36 520 36,520
<br />Total Cost with Easements $ 1,980,373 $ 39,009 $ 890,195 $ 280,846 $ 157,515 $ 612,808
<br />Less City Lot site work 7.5 ae $ 240,000
<br />10% continaencv $ 24,000
<br />Subtotaf $ 264,000
<br />28 % Indirect $ 73,920
<br /> $ 337,920 $ 337,920
<br />Less lino Lakes $ 153,500 3,500 $ 150,000
<br />Subtotal $ 1,488,953 $ 35,509 $ 552,275 $ 280,846 $ 157,515 $ 462,808 $ 1,453,444
<br /> $ 1,453,444
<br />Assessment Rates bv area 11.00 $ 50,207 $ 25,531 $ 14,320
<br />FF units 1317+303+303)+450 1,373 $ 337.08
<br />SheehY 3.5 acres 3.50 $ 175,724 $ 89,360 $ 50,118
<br />Citv Acres 7.50 $ - $ -
<br />SheehY 450 It : 330+(600"20%) 450.00 $ 151,685
<br /> Total Cost Sheehy $ 466,887
<br />Appraisal Value Increase-Sheehv $ 400,000
<br />Drainaae assessed on area basis --
<br />W&S assessed on area basis
<br />Streets assessed on FF basis
<br />City lots per formula Total Assess Add site wo~
<br />Ci Lot 1 2.43 303 $ 122,232 $ 62,158 $ 34,862 $ 102,135 $ 321,387 11 0,931
<br />C. Lot 2 2.43 303 $ 122,232 $ 62,158 $ 34,862 $ 102,135 $ 321,387 110,931
<br />C. Lo/3 2.55 317 $ 127,880 $ 65,030 $ 36,473 $ 106,854 $ 336,237 116,057
<br /> 7.42 923 372,344 189,347 106,196 311,123 $ 979,010 $ 337 920
<br /> 3.62 450
<br /> 11 1373
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<br />Hearing 2009-06-10
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