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<br />e <br /> <br />e <br /> <br />e <br /> <br />Table 1. <br />Estimated Project Cost <br /> <br />Estimated Construction Costs <br />Engineering, Administration <br />Fiscal and Legal (28 % ) <br /> <br />$ 91,100.00 <br /> <br />$ 2" ,'m'i 00 <br /> <br />$116,600.00 <br /> <br />TOTAL ESTIMATED PROJECT COST $116,600.00 <br /> <br />FINANCING <br /> <br />The property owners who have signed the petition for local improvements, have asked that the <br />cost be divided equally among each of the property owners. There are 12 properties along <br />Concord Street that would benefit from the proposed improvements. Each of these properties <br />would be assessed $ 9,725. <br /> <br />PROJECT SCHEDULE <br /> <br />ITEM <br /> <br />DATR <br /> <br />Receive Feasibility Study <br />Hold Public Hearing <br />Order Project and Plans <br />Approve Plans and Specifications <br />Receive Bids / Set Assessment Hearing <br />Hold Assessment Hearing / A ward Contract <br />Begin Construction <br />Complete Project <br />First Payment on Real Estate Taxes <br /> <br />May 2, 1994 <br />June 6, 1994 <br />June 6, 1994 <br />June 20, 1994 <br />July 18, 1994 <br />August 1, 1994 <br />August 1994 <br />September 1994 <br />1995 <br /> <br />CONCLUSION <br /> <br />The proposed improvements would convert Concord Street from a private gravel road, to a paved <br />city street. The estimated cost of this project is $116,600.00, fmanced by assessment to each of <br />the benefitting properties in the amount of $9,725. From an engineering perspective the project <br />is feasible and will benefit the propeties proposed to be assessed. <br /> <br />FEAS-230.212 <br /> <br />-3- <br />