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TI. PROJECT COSTS The estimated costs discussed are preliminary only. We still need to complete additional geotechnical exploration and engineering for the realignment alternate prior to developing plans and specifications. (1)Existing (2} R�al�gnment (3) Realignment (excavation) Road Pathway Storm Sewer Total $876,00491 $86,800.00 $187,000.00 $1,149,80491 $1,132,408.77 � $87,655.00 � $209,827.56 � $1,429,89133 $�,362,$95.91 I $$7,�55.0� � $209,827.56 . $1�660,378.47 Because the Project may be financed using a combination of Assessments, City Infrastructure funds, and Municipal State Aid funds, each of these will be discussed in turn, beginning with assessments. III. ASSESSMENTS Assessments will vary, of course, depending on which design alternative the Council selects and the cost of that design alternati�e. Based upon the City Council's current Assessment Policy, the assessments for South Owasso would be as follows: (1} Reconstruct road in existing alignment: Estimated total assessable cost ..............................................$672,662.50 Estimated total assessable footage ..............................................4,252.62 * Estimated street assessment (25%of 7 ton road cost) $39.45/ foot (2) Reali�n road in accordance with Ladvsli�pper Master Plan — Surchare Option Estimated total assessable cost ..............................................$925,33�.$$ Estimated total assessable footage ..............................................4,252.62 • Estimated street assessment (25%of 7 ton road cost) �54.27/ foot (3) Realign road in accordance with Ladysli�per Master Plan — Excavation O�tion Estimated total assessable cost ...........................................$1,155,81934 Estimated total assessable footage ..............................................4,252.62 Estimated street assessment (25%of 7 ton road cost) $67.95/ foot �