5.8. SR 04-21-1997 - Laserfiche WebLink

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Dw The overhead cost includes City administration, engineering design, construction staking and inspection, assessment, and fiscal and legal costs. Table 1 Estimated Project Costs 1. Sanitary Sewer $136,000 2. Water $87,000 3. Storm Sewer $15,000 4. Street $145,000 Estimated Total Construction Cost $383,000 Overhead (28%) $107,300 Estimated Total Project Cost $490,300 Financing It is proposed to assess the cost of the improvements to the abutting properties. The sanitary sewer and water improvements are proposed to be assessed on a per lot basis, while the street and storm sewer costs are proposed to be equally split between the existing lots and the future lots of Country Crossing 3rd Addition. On the west side of Macon Street and the south side of Riverview Drive, there are 17 existing lots that could reasonably be served by these improvements. When the preliminary plat for Country Crossing 3rd Addition was approved, it showed the further subdivision of Outlots A and B to create 24 lots on the east side of Macon Street and the north side of Riverview Drive. Therefore, for purposes of assessment on the sanitary sewer and water costs, there are a grand total of 41 lots. These lots are shown on Exhibit 6. Based on the estimated total project cost for the sanitary sewer and 41 assessable lots, the cost per lot would be $4,250. Likewise, based on the total estimated project cost for the water improvements and 41 assessable lots, the assessment per lot would be $2,725. The storm sewer and street costs divided in half between the existing lots and Country Crossing 3rd Addition would result in a cost of $102,700 per side. Dividing that by the existing or proposed lots would indicate that the existing lots on the west side of Macon Street and south side of Riverview Drive FEAS-230.365 - 1 1 - 230-365- I 0