4.0. SR 01-26-1998 - Laserfiche WebLink

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V. IMPLEMENTATION CONSIDERATIONS A. Easements and Permits The existing Jarvis Street fight-of-way is 66-feet wide. With an additional 17 feet of fight-of-way present on the northeast side of Jarvis Street for a distance of 500 feet from the TH 10 right-of-way, no additional fight-of-way will be required for the proposed work. Temporary construction and grading easements will be required from adjacent property owners. These temporary easements will be secured by a wavier of trespass at the time of construction. A Mn/DOT permit will be required for the proposed grading work along TH 10. The estimated construction costs and associated overhead costs have been determined for the proposed reconstruction of Jarvis Street and storm drainage improvements. In accordance with the City's Assessment Manual, the overhead cost has been estimated at 28% of the total construction costs. This overhead cost includes city administration, engineering, and fiscal and legal costs. The estimated costs are shown in Table 1. TABLE 1. JARVIS STREET IMPROVEMENTS ESTIMATED COSTS 1. Street Construction $76,000 2. Storm Sewer construction $30,000 Total Estimated Construction Cost $106,000 Overhead (28 %) $29,680 Total Estimated Project Cost $135,680 Co Financine It is proposed that the cost of the improvements be financed by assessments to the benefiting properties adjacent to the project area. The Elk River City Council proposed that 50% of the cost of improving Jarvis Street be assessed to Lot 1, Rermer Addition owned by Hickman Land Investments, with the remaining 50% of the cost being assessed to the benefiting property on the opposite side of Jarvis Street. Mr. Jerold Eisenschenk owns the property on the south side of Jarvis Street. It is currently used as a single family residence even though it is zoned C3, Highway Commercial. Proposed financing is shown in Table 2 and the properties are highlighted on Exhibit 4. FEAS-230.335 3 230335m