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12/6/20225ESTIMATED COSTS & FINANCING9Item Total Estimated CostInfrastructure Capital Improvement FundAssessmentsSpruce StreetStreet Improvements $224,879.19 $112,439.59 $112,439.59Sanitary Sewer Improvements $2,781.85 $2,781.85Water Main Improvements $34,739.20 $34,739.20Storm Sewer Improvements $34,739.20 $34,739.20Subtotal $297,139.44 $184,699.84 $112,439.59Sunset CourtStreet Improvements $207,352.18 $103,676.09 $103,676.09Sanitary Sewer Improvements $3,256.80 $3,256.80Water Main Improvements $53,737.20 $53,737.20Storm Sewer Improvements $11,249.53 $11,249.53Subtotal $275,595.71 $171,919.62 $103,676.09Sunrise DriveStreet Improvements $142,484.86 $71,242.43 $71,242.43Sanitary Sewer Improvements $5,563.70 $5,563.70Water Main Improvements $31,346.70 $31,346.70Storm Sewer Improvements $0.00 $0.00 $0.00Subtotal $179,395.26 $108,152.83 $71,242.43Grand Totals: $752,130.40 $464,772.29 $287,358.1110•Assessments are determined following the City’s Assessment Policy which has been in place since 1995•For rehabilitated urban streets, 50% of street rehabilitation costs assessed to benefited properties •Special provisions for corner lots, commercial properties, minimum/maximum, lots already assessed, etc.SPECIAL ASSESSMENTSSunset Court•Unit Assessment Rate -$8,639 per unitSunrise Drive•Unit Assessment Rate -$7,915 per unitSpruce Street•Front Footage Assessment Rate -$67.49 per front foot910