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LAHORE ROAD STREET IMPROVEMENTS <br />LITTLE CANADA, MINNESOTA <br />Our File No. 37210 <br />ASSESSMENT HEARING <br />Cost Summary: <br />Total Project Costs <br />Assessed Amount <br />City Cost <br />* Est. Assessment Rate <br />Lin. Ft. <br />Public Hearing <br />$307,054.00 <br />$87,197.00* <br />$219,857.00 <br />of $53.93/Lin. Ft. <br />Project Costs: <br />Construction Cost $228,300 <br />Engineering and Testing $36,881 <br />Legal $2,430 <br />Fiscal $2,440 <br />Publish., Admin. and Assess. Fee $8,296 <br />Construction Interest (5 %) $9,550 <br />Subtotal $59,997 <br />Total Project Cost <br />Assessment Rate: <br />Street 8 "/3" (30' wide) (85/15) <br />Curb and Gutter (100 %) <br />Assessed Amount <br />Front Footage <br />Assessable Front Footage <br />$288,297 <br />$64,656 <br />$16,483 <br />$81,139 <br />Final Costs <br />$291,297.00 <br />$63,829.29 <br />$227,467.71 <br />for 1616.87 <br />2502.87 Lin. Ft. <br />1476.69 Lin. Ft. <br />Assessment Rate: $81,139 = $54.95 Lin. Ft. <br />1476.69 L.F. <br />Modified Assessment Rate: <br />$81,139 = $43.224512/Lin. Ft. <br />2502.87 *0.75 <br />Assessment Income: $43.22/L.F. * 1476.69 L.F. = $63,829.29 <br />Page 4 <br />