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<br />Prepared by: Bolton & Menk, Inc. FINANCING <br />2023 Street Improvements (Sunset Court, Sunrise Dr, Spruce St) ǀ 0N1.127995 Page 10 <br />3. Spruce Street <br />A per front foot assessment method is being utilized for Spruce Street due to the <br />varying property sizes. <br />The estimated per policy assessments for street improvements are: <br />• Unit Assessment Rate $134.50 / Front Foot <br />Appendix C identifies the Assessment Roll and benefiting properties. <br /> Financing Summary <br />The financing summaries shown below are based on the City’s Special Assessment Policy as <br />described in the previous sections. <br />Table 2 – Financing Summary <br />Location Total Estimated <br />Cost <br />Infrastructure <br />Capital <br />Improvement Fund <br />Assessments <br />Sunset Court <br />Street $207,352.18 $103,684.18 $103,668.00 <br />Sanitary Sewer $3,256.80 $3,256.80 <br />Watermain $53,737.20 $53,737.20 <br />Storm Sewer $11,249.53 $11,249.53 <br /> $275,595.71 $171,927.71 $103,668.00 <br />Sunrise Drive <br />Street $142,484.86 $71,249.86 $71,235.00 <br />Sanitary Sewer $5,563.70 $5,563.70 <br />Watermain $31,346.70 $31,346.70 <br />Storm Sewer $0.00 $0.00 $0.00 <br /> $179,395.26 $108,160.26 $71,235.00 <br />Spruce Street <br />Street $224,879.19 $112,439.59 $112,439.59 <br />Sanitary Sewer $2,781.85 $2,781.85 <br />Watermain $34,739.20 $34,739.20 <br />Storm Sewer $34,739.20 $34,739.20 <br /> $297,139.44 $184,699.84 $112,439.59 <br /> <br />Total: $752,130.40 $464,772.29 $287,358.11 <br />