Laserfiche WebLink
(CORRECTED) <br />JACKSON /OLD C /LAKESHORE <br />IMPROVEMENT NO. 93 -11 <br />STREET IMPROVEMENT <br />ASSESSMENT HEARING <br />Cost Summary: Improvement Hearing <br />Total Project Costs <br />Assessed Amount <br />City Cost <br />Project Costs: <br />Construction Costs <br />Engineering and Testing <br />Legal <br />Fiscal <br />Publish, Admin. & Assess. Fee <br />Construction Interest (5 %) <br />$456,802 <br />$252,937 <br />$203,865 <br />$355,990 <br />55,839 <br />968 <br />6,467 <br />12,596 <br />2,819 <br />Total Project Cost $434,679 <br />Assessment Rate Calculations: <br />Street: <br />Residential Rate = $43.67 <br />Commercial Rate = $55.13 <br />Final Costs <br />$434,679 <br />$225,311 <br />$209,368 <br />CORRECTED <br />Residential Rate Calculation: Commercial Rate Calculation: <br />8/3 Section with C <br />Incidentals <br />Policy % <br />Assessable Footage <br />& G 215,704 <br />47,680 <br />263,384 <br />X .85 <br />223,876 <br />+5,424.15 <br />41.27 <br />Street 32' Curb & Gutter <br />233,476 Constr. 32,991 <br />51,608 Incidentals 7,292 <br />285,084 Subtotal 40,283 <br />X .80 Policy % 1.00 <br />228,067 Assess. Costs 40,283 <br />5424.15 Assessable Footage 5,424.15 <br />42.05 7.43 <br />42.05 + 7.43 = 49.48 <br />Page 3 <br />