Laserfiche WebLink
VIKING DRIVE <br />IMPROVEMENT NO. 94 -5 <br />STREET AND WATER MAIN IMPROVEMENT <br />ASSESSMENT HEARING <br />Cost Summary: <br />Total Project Costs <br />Assessed Amount <br />City Cost <br />Proiect Costs: <br />Improvement Hearing Final Costs <br />$180,900 <br />$79,650 <br />$101,250 <br />Construction Costs $131,780 <br />Engineering and Testing 25,861 <br />Legal 38 <br />Fiscal 2,406 <br />Publish, Admin. & Assess. Fee 4,758 <br />Construction Interest (5 %) 1,707 <br />Total Project Cost $168,770 <br />Assessment Rate Calculations: <br />$168,770 <br />$79,195 <br />$89,595 <br />Water Main: <br />Without Capitation: $68,798 _ 9 = $7,644.22 per lot <br />With. Capitation: $40,590 _ 9 = $4,510.00 per lot <br />$4,400 X 1.025 = $4,510 <br />1.025 = CPI adjustment from 1994 to 1995 <br />(Mid -Year to Mid -Year) Source: CPI Hotline <br />Street: <br />(Single Frontage Policy) <br />$77,262 x .85 = $65,673 _ 996.97 = 65.87 L.F. _ 2 = 32.94 <br />Equity adjustment due to lower single frontage rate <br />than other projects assessed in 1995. <br />Lakeshore /Old C /Jackson rate of 43.69 X 28/30 = 40.78 L.F. <br />Without Curb & Gutter: <br />Total Rate 43.69 <br />Less 6.68 (Lake. /Old C /Jack. C & G (7.86 x .85) <br />37.01 <br />X .9333 (28/30 for street width difference) <br />34.54 <br />Page 60 <br />