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COUNTRY DRIVE <br />Estimated $452,500.00 per. Improvement Hearing <br />Costs: <br />Contract 288,817.90 <br />Contingency (5.6 %) 16,182.10 305,000 <br />Legal (5 %) 15,250 <br />Administration (2.5 %) 7,625 <br />Assessment Preparation (1 %) 3,050 <br />Engineering 89 Apr 3527 (Est. 20 %) 61,000 <br />Fiscal 8,000 <br />Easements 1,500 <br />Sub -total 401,425 <br />Capitalized Interest (8 %) 1,000 <br />Total Project Costs 402,425 <br />To Be Assessed: <br />City Portion: <br />ASSESSMENT TO PROPERTY OWNERS: <br />$150,000 (37 %) <br />252,425 (63 %) <br />402,425 <br />Based on Lineal Foot Assessment of $59.94631 per foot. <br />Page 47 <br />