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03-22-10 Council Agenda
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03-22-10 Council Agenda
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Rice Street / TH 36 Interchange Improvements Page 3 <br /> E City of Little Canada <br /> PROJECT COST <br /> <br /> ? Total estimated project cost of $27,545,000.00 <br /> ? Several County, State, and DEED funding sources cover a majority of <br /> project costs. <br /> ? Possible costs passed along to the City's include shoulder/bike lanes, <br /> sidewalks, traffic signal costs, boulevards, medians, trees, retaining wall <br /> railing, and burying of the powerlines. <br /> ? Little Canada's share of the project cost is currently estimated at $670,000 <br /> ASSESSMENT POLICY <br /> ? A total of 8 properties abut the improvement area and all would be treated as <br /> commercial property under the City's Assessment Policy. <br /> ? Assessment based on actual front footage. <br /> ? 2010 maximum assessment rate of $121.73 per front foot. <br /> ? Total commercial assessment $262,432.84 <br /> <br />
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