Laserfiche WebLink
The City should anticipate costs in the range of$4.00- $6.00 per square foot(SF) for the purchase of <br /> right-of-way. $0.50 - $1.00 per SF for temporary easements. <br /> No costs have been included for purchasing right-of-way or temporary easements. <br /> FUNDING <br /> The City proposes to utilize assessments and Municipal State Aid(MSA)Funds for the street and storm <br /> sewer costs.This cost is estimated at$1,458,901. <br /> The City proposes to utilize Sewer and Water Trunk Funds for the sewer and watermain oversizing and <br /> watermain looping.This cost is estimated$340,054. <br /> The City proposes to assess the sewer and water portion of the project to nine (9)existing businesses and <br /> three (3) future lots.The sanitary sewer assessment is estimated at$21,924.The watermain assessment is <br /> estimated at$21,526. <br /> The funding sources proposed in this report will be further reviewed before the project ensues. <br /> RECOMMENDATIONS <br /> The improvements that are recommended in this report will meet the City's needs to provide streets and <br /> utilities to the Yale Street extension area. They are also consistent with the City's 171tit Avenue Area <br /> AUAR. <br /> From an engineering standpoint,this project is feasible, cost effective and necessary, and can best be <br /> accomplished by letting competitive bids for the work. We recommend that this take place after securing <br /> necessary right-of-way and temporary easements from private property owners and MnDOT. <br /> City of Elk River FUNDING <br /> Yale Street/Street and Utility Improvements Page 6 <br />