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