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01-14-1981 Council Agenda
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01-14-1981 Council Agenda
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Feasibility Report <br />SPECIAL <br />CONDITIONS <br />cont'd: : <br />-2- Impr. 81 -4 <br />Mention was also made at the previous hearing <br />that because the property on the west side of <br />Park Street is zoned B -3, while that on the east <br />side is zoned R -1, that the business property be <br />assessed at a higher rate because it requires a <br />9 ton street as opposed to a 5 ton normally required <br />in R -1 districts. <br />This same reasoning can be applied to the storm sewer <br />because more runoff can be expected from the <br />business area. <br />FINANCING: Estimated Cost - Park Street from County Road C to <br />cul -de -sac: <br />Construction $ 135,440 <br />Contingency (10 %) 13,500 <br />Legal (1 %) 1,350 <br />Fiscal (1 %) 1,350 <br />Administration (1 %) 1,350 <br />Engineering 20,500 <br />R 0 W 2,000 <br />$ 175,490 <br />Capital Interest 17,500 <br />TOTAL $ 192,990 <br />Estimated Cost - Lake Street from Rice Street to <br />Park Street <br />Construction $ 172,000 <br />Contingency (10 %) 17,200 <br />Legal (1 %) 1,700 <br />Fiscal (1 %) 1,700 <br />Administration (1 %) 1,700 <br />Engineering 26,000 <br />Easements 2,000 <br />$222,300 <br />Capital Interest 22,200 <br />TOTAL $244,500 <br />
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