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Option 5 - Street Reconstruction: <br />The City could have Lake Street reconstructed as a 28 foot wide urban section street with <br />concrete curb and gutter. This alternative is equal to Option 1 except that the street is <br />proposed to be 4 feet narrower, <br />Option 5 - Street Reconstruction <br />Total Est, Proj. cost $113,284.71 <br />Assessed Cost 71 429.40 <br />City cost $41,855.31 * <br />Assessment Rate: $71,429.40 = $58.06/L.F. <br />1,230.29 L.F. <br />* City cost doesn't include assessed cost for Park Property ($17,418). <br />The assessment rate for Option 5 is $58.06/L.F. which is $6.28 less that the rate for Option <br />1. Assessment rates for Options 1 and 5 were determined with the City paying for 20% of <br />the street costs as the City's standard street section was being installed. <br />Itemized costs for Options 4 and 5 are included for your review. <br />Yours very truly, <br />BONESTROO, ROSENE, ANDERLIK & ASSOCIATES, INC. <br />Michael C. Lynch <br />MCL:li <br />Page 2. <br />37213.cor <br />Page 12 <br />£0'd '3GSv )2 OOd12NO9 <br />TTET 929 2T9 9E:,T 2667-EE-TO <br />