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10-23-1990 Special Council Agenda
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10-23-1990 Special Council Agenda
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7/19/2013 3:08:09 PM
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PAYNE AVENUE <br />Estimated $164,535.00 Per Improvement Hearing <br />Construction: <br />A. <br />B. <br />C. <br />Contract <br />Engineering <br />Legal (2 %) <br />Other <br />Administration (3.5 %) <br />Sub -total <br />Capitalized Interest (8 %) <br />Total Project Costs <br />Construction <br />67,000 + <br />16,000 + <br />18,000 + <br />Engineering <br />17,878 = <br />4,269 = <br />4,803 = <br />Total Project Costs <br />City Portion <br />Portion to be Assessed <br />ASSESSMENT TO PROPERTY OWNERS: <br />+ Overhead <br />84,878 @ 25% <br />20,269 @ 80% <br />22,803 @ 0% <br />127,950 <br />127,950.00 <br />90,515.30 <br />37,434.70 <br />101,000.00 <br />17,817.50 <br />2,020.00 <br />254.31 <br />3,535.00 <br />124,626.81 <br />3,323.19 <br />127,950.00 <br />21,219.50 <br />16,215.20 <br />-0- <br />37,434.70 <br />(70.74 %) <br />(29.26 %) <br />Based on Per Lot Assessment: $37,434.70 55 Lots = $680.63 Per Lot <br />Page 30 <br />
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