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ASSESSMENT RATE., BASED ON LOW BID (8-12-93) <br />1993 OVERLAYS <br />CITY OF LAKE ELMO, MINNESOTA <br />Estim- <br />Assess- <br />Assess- Estim- <br />ated* <br />able <br />able City Total ated <br />Previous <br />City*** <br />Location <br />Cost <br />Cost <br />Units Units Units Rate* <br />Rate** <br />Cost <br />Hidden Bay Area $102,536 <br />$92,282 <br />112 0 112 $824 <br />$ 922. <br />$10,254 <br />37th Street <br />(West of Jamaca) <br />9,215 <br />8,293 <br />11 0 11 754 <br />827 <br />922 <br />Kraft Circle <br />6,672 <br />6,005 <br />8 0 8 751 <br />688 <br />667 <br />Langley Court 4,330 3,897 3 1 4 974 975 1,407 <br />Legion Avenue <br />(20th to Legion <br />Lane) 17,968 16,171 9.5 1 10.5 1,540 1,686 3,337 <br />Laverne Avenue <br />(TH 5 to 39th) <br />14,479 <br />14,479 <br />5 <br />1 <br />6 <br />2,413 <br />2,367 <br />2,413 <br />Highlands Trail <br />39,412 <br />35,471 <br />21 <br />3 <br />24 <br />1,478 <br />1,488 <br />8,375 <br />Highlands Court <br />12,098 <br />10,888 <br />8 <br />0 <br />8 <br />1,361 <br />1,238 <br />1,210 <br />20th Street Court <br />3,736 <br />3,363 <br />3 <br />0 <br />3 <br />1,121 <br />1,233 <br />373 <br />Totals <br />$210,446 <br />$190,849 <br />180.5 <br />6 <br />186.5 <br />$28,958 <br />* Based on low bid plus 5% contingencies, 8% engineering and 5% bonding and interest. <br />** From Feasibility Report dated May 26, 1993. <br />**` Includes 10% City participation plus unit assessment for City -owned lots. <br />