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COST APPROACH — ROAD AND BRIDGE VALUES <br />Replacement Cost New <br />The cost new of the subject improvements, the roadway and bridge, were estimated by <br />contacting local public and private engineers, the MN DOT, and Marshall & Swift Estimators. <br />The most relevant data was obtained from Joe MacPherson, the MN DOT State Aid <br />Construction Engineer, Jim Bellefeuille at TKDA Engineers, Mark, the Lakeville City Engineer, <br />Greg Buchal at Larson Engineering, and Aaron Nelson, the Woodbury City Engineer. <br />The estimated replacement costs new are: <br />IMPROVEMENT UNIT COST UNITS COST NEW <br />Marshall & Swift <br />Grading & surplus disposal <br />4" rock base 0.68 65,847 $ 44,775.96 <br />4" asphalt 1.99 65,847 $ 131,035.53 <br />Concrete curb 6'' $ 10.30 4,314 $ 44,435.75 <br />Storm sewer $ 58.60 2,120 $ 124,232.00 <br />0.32 98,771 $ 31,606.56 <br />Total 4.79 27,356 $ 376,085.80 <br />City Engineers <br />Woodbury $ 160.00 <br />28 wide, concrete curb <br />Lakeville $ 185.00 2,120 $ 392,200.00 <br />32', curb, 1 concrete sidewalk <br />2,120 $ 339,200.00 <br />MN DOT <br />Long term components 88.50 2,120 $ 187,620.00 <br />Milling & paving 26.50 2,120 $ 56,180.00 <br />Total $ 243,800.00 <br />ROAD COST NEW CONCLUSION <br />350,000. <br />Bridge <br />Street Lights $ <br />Street signs <br />3,22500 <br />248.00 <br />391,000.00 <br />9,675.00 <br />248.00 <br />TOTAL COST NEW CONCLUSION <br />750,923.00 <br />WALKER APPRAISALS <br />