06/08/1998 Council Packet - Laserfiche WebLink

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faith projections of the costs which will be incurred for this project. Actual costs may vary and those will be the costs for which the City will be responsible. B. The estimated cost of the total project is One Million Thirty -Five Thousand Two Hundred Eighty -Nine Dollars and 00 /100s ($1,035,289.00), as follows: 1. The City will pay 50% of the cost of concrete curb and gutter (less medians). The estimated total cost of curb and gutter, including medians, is $47,792.00, of which the City's estimated share is $23,896.00. 2. The City will pay 100% of the cost of new sidewalks installed on the project. The estimated cost to the City is Zero (0). 3. The City will pay 100% of the trunk sanitary sewer and watermain costs to be constructed under a separate contract. 4. The City will pay for the non - eligible portion plus the non - participation portion of the storm sewer construction. The estimated construction cost of the storm sewers, including all ponding, is $262,559.00, of which the estimated City cost is $144,380.00. 5. The City will pay 100% of the cost of new concrete and /or bituminous pavement for all upgraded driveways. The City's estimated cost for driveway pavement is zero. 6. The City will pay 100% of the cost of new bituminous bikeway. The City's estimated cost for the bikeway is zero. 7. The City shall pay for all administrative and financing costs. 8. The City shall pay for all right -of -way as well as all costs of right -of -way acquisition. The City's estimated cost for right -of -way is zero. 9. The City shall pay all design and preliminary engineering costs for the entire project. 10. The City shall pay all costs of obtaining permits from the Department of Natural Resources, the U.S. Army Corps of Engineers, and Rice Creek Watershed District, as well as the cost of any mitigation required by those permits. -3-