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Cost Summary: <br />Total Project Costs <br />Assessed Amount <br />City Cost <br />Project Costs: <br />(CORRECTED) <br />JACKSON /OLD C /LAKESHORE <br />IMPROVEMENT NO. 93 -11 <br />STREET IMPROVEMENT <br />ASSESSMENT HEARING <br />Improvement Hearing Final Costs <br />Construction Costs <br />Engineering and Testing <br />Legal <br />Fiscal <br />Publish, Admin. & Assess. Fee <br />Construction Interest (5 %) <br />Total Project Cost <br />Assessment Rate Calculations: <br />Street: <br />Residential Rate = $43.67 <br />Commercial Rate = $55.13 <br />Residential Rate Calculation: <br />8/3 Section with C & G 215,704 <br />Incidentals 47,680 <br />Policy % <br />Assessable Footage <br />263,384 <br />X .85 <br />223,876 <br />+ 5,126.49 <br />43.67 <br />$456,802 <br />$252,937 <br />$203,865 <br />$355,990 <br />55,839 <br />968 <br />6,467 <br />12,596 <br />2,819 <br />$434,679 <br />$434,679 <br />$225,311 <br />$209,368 <br />CORRECTED <br />Commercial Rate Calculation: <br />Street 32' <br />233,476 Constr. <br />51,608 Incidentals <br />Curb & Gutter <br />32,991 <br />7,292 <br />285,084 Subtotal 40,283 <br />X .80 Policy % 1.00 <br />228,067 Assess. Costs 40,283 <br />5126.49 Assessable Footage 5,126.49 <br />44.49 7.86 <br />44.49 + 7.86 = 52.35 <br />Page 19 <br />