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Feasibility Report <br />2024 / 2025 Street Reconstruction and Municipal Sewer and Water Extension Project Pine Haven City of Lino Lakes, MN WSB Project No. 023620-000 Page 5 4.3.2 Water Service Twelve-inch diameter DIP watermain will be extended northeast along Lake Drive and east along 81st Street. The watermain along Lake Drive and 81st Street is trunk watermain and will serve additional properties in the future. <br />An 8-inch diameter DIP municipal water will be extended south along Danube Street and Elbe <br />Street to serve the Pine Haven neighborhood, as shown in Appendix A. The City will terminate <br />the watermain at the cul-de-sac for Danube Street and at the south end of Elbe Street. Fire <br />hydrants will be installed per City specifications. One inch diameter copper services would be <br />extended to the property lines. 5. Financing5.1 Opinion of Probable Cost A detailed opinion of probable cost is included in Appendix B of this report. The opinion of probable cost <br />is based on projected construction costs for 2024 through 2025 and includes a 10% construction <br />contingency and 20% indirect costs. The indirect costs include engineering, legal, and administrative <br />costs associated with the project. The project costs are summarized as follows: <br />2024 / 2025 Street and Utility <br />Improvement Project Opinion of <br />Probable Cost Breakout Probable Cost Street and Storm $1,767,338 <br />Sanitary Sewer $754,692 <br />Watermain $814,163 <br />Total Project $3,336,193 5.2 Funding The street and storm water infrastructure improvements are proposed to be funded by the issuance of <br />Stre et Reconstruction Bonds, repaid by a property tax levy. There are no proposed assessments <br />associated with the roadway and drainage improvements. <br />Funding of the extension of municipal watermain and sanitary sewer improvements is proposed to be <br />provided by the City’s Area & Unit Trunk Fund and special assessments. <br />2024 / 2025 Street and Utility Improvement Project Funding Overview Breakout Street Reconstruction Bond Area & Unit <br />Trunk Fund Assessment Total <br />Street and Storm $1,767,338 $1,767,338 Sanitary Sewer $538,692 $216,000 $754,692 Watermain $550,163 $264,000 $814,163 Totals $1,767,338 $1,088,855 $480,000 $3,336,193 350