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LAHORE ROAD STREET IMPROVEMENTS <br />LITTLE CANADA, MINNESOTA <br />Our File No. 37210 <br />ASSESSMENT HEARING <br />Cost Summary: <br />Public Hearing <br />Total Project Costs $307,054.00 <br />Assessed Amount $87,197.00* <br />City Cost $219,857.00 <br />* Est. Assessment Rate of $53.93/Lin. Ft. <br />Lin. Ft. <br />Project Costs: <br />Construction Cost $231,300 <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 $291,297 <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 />$64,65.6 <br />$16,483 <br />$81,139 <br />Final Costs <br />$291,297.00 <br />$66,588.62 <br />$224,708.38 <br />for 1616.87 <br />2502.87 Lin. Ft. <br />1476.69 Lin. Ft. <br />Assessment Rate: $81,139 = $52.66 Lin. Ft. <br />1540.69 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. * 1540.69 L.F. _ $66,588.62 <br />