2015-01-27_PWETC_AgendaPacket - Laserfiche WebLink

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Assessment Rate 100% of cost/foot $109.95 50% of cost/ foot $54.97 25% of cost/ foot $27.49 • Appraisals are underway to determine the influence of the improvement project on the value of the properties proposing to be assessed. These appraisals will be completed before the required notice for the public hearing is sent to benefiting properties. This feasibility report will be amended at that time to reflect the maximum benefit to each type of property within the project corridor. B. Private Improvement Costs In addition to the public work proposed, this project may include the construction of a number of private improvements. The cost of these private facilities is the responsibility of the benefiting property owner. The engineer's estimate does not include estimates for private work • The benefiting property owner shall pay for private sanitary sewer repair. This cost may be added to the property's assessment. • The benefiting property owner shall pay for private driveway work. This cost must be paid in full prior to such work and may not be added to the property's assessment. C. Proposed Funding Summary D. Project P -ST -SW -15-02 Victoria Street Reconstruction 27 Feasibility Report Estimated MSA Assessments Stormwater Utility Parks cost Fund Funds Renewal Fund Street Construction $1,290,805.20 $1,139,689.88 $151,115.32 $0 $0 Sidewalk/ Trail $290,440.00 $170,440.00 $0 $0 $120,000.00 Construction Stormwater $215,000.00 $0 $0 $215,000.0 $0 $0 Improvements 0 Water/Sewer $37,000.00 $0 $0 $37,000.00 $0 Repairs Total $1,833,245.20 $1,310,129.88 $151,115.32 $215,000.0 $37,000.00 $120,000.00 0 Project P -ST -SW -15-02 Victoria Street Reconstruction 27 Feasibility Report