8.2. SR 10-20-2014 - Laserfiche WebLink

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ESTIMATED COSTS Appendix B identifies a preliminary cost estimate that includes estimated quantities and unit prices for the reclamations and edge mill and overlays. The cost estimate includes a contingency factor of 10%to account for any elements of construction that are unknown at this time. They also include indirect projects costs of construction such as engineering,legal fees and administrative costs which together are estimated at 10%of the project construction cost.The total project cost is estimated at$2,634,324 and is based on current public construction cost information. Appendix C identifies a preliminary cost estimate that includes estimated quantities and unit prices for 165'Avenue NW and Jarvis Street NW.The cost estimate includes a contingency factor of 10%to account for any elements of construction that are unknown at this time. They also include indirect projects costs of construction such as engineering,legal fees and administrative costs which together are estimated at 10% of the project construction cost. The total project cost is estimated at $4,752,400 and is based on current public construction cost information. Appendix D identifies a preliminary cost estimate that includes estimated quantities and unit prices for 165'Avenue NW and Jarvis Street NW without a trail.The cost estimate includes a contingency factor of 10%to account for any elements of construction that are unknown at this time.They also include indirect projects costs of construction such as engineering,legal fees and administrative costs which together are estimated at 10%of the project construction cost.The total project cost is estimated at$3,795,400 and is based on current public construction cost information. No costs have been included for purchasing temporary easements. $40,000 has been included for land purchases for ponding. FUNDING The City proposes to utilize Municipal State Aid(MSA)Funds and Local Funds for the improvements. MSA Funds will be used on all Municipal State Aid Streets. These streets include,Jarvis Street NW, 165' Avenue NW, School Street,Tyler Street, Smith Street, 197'Avenue and 198'Avenue. The remaining costs will be funded with revenue collected from the city franchise fee. The total project cost for the improvements herein are estimated at$7,386,724 with a trail on Jarvis Street NW and 165'Avenue NW. The total project cost for the improvements herein are estimated at$6,429,724 without the trail. RECOMMENDATIONS From an engineering standpoint,this project is feasible,cost effective and necessary, and can best be accomplished by letting competitive bids for the work. City of Elk River ESTIMATED COSTS 2015 Street and Utility Improvements Page 6