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<br /> <br />2020 STREET AND UTILITY IMPROVEMENT PROJECT <br />FEASIBILITY REPORT <br />CITY OF ST. ANTHONY VILLAGE <br />WSB PROJECT NO. R-011648-000 PAGE 7 <br />5. FINANCING <br /> <br />5.1 Opinion of Probable Construction Cost <br /> <br />A detailed breakdown of the Cost Opinion for the proposed project is included in <br />Appendix B. The opinion of cost incorporates the construction costs experienced during <br />2016, 2017 and 2018, and includes a 10% contingency factor. Administrative costs are <br />projected at 25% of the construction cost and include engineering, legal, financing, and <br />other administrative costs. A summary of the project costs is as follows: <br /> <br /> <br /> <br />5.2 Funding Sources <br /> <br />The total project cost is projected to be approximately $2.48 million for improvements <br />identified in Option 1 and $1.37 million for improvements identified in Option 2. <br />Funding for the project will come from the 429 Public Improvement Bonds and Special <br />Assessments to benefiting properties. <br /> <br />Proposed Improvements Total Cost <br />Total Street Improvements $1,441,100 <br />Total Sanitary Sewer Improvements $341,800 <br />Total Water Main Improvements $490,200 <br />Total Storm Sewer Improvements $205,000 <br />Total Proposed Improvements $2,478,100 <br />2020 STREET AND UTILITY IMPROVEMENTS <br />City of Saint Anthony Village, Minnesota <br />Opinion of Probable Cost - Option 1 <br />Proposed Improvements Total Cost <br />Total Street Improvements $787,900 <br />Total Sanitary Sewer Improvements $186,600 <br />Total Water Main Improvements $259,800 <br />Total Storm Sewer Improvements $131,000 <br />Total Proposed Improvements $1,365,300 <br />Opinion of Probable Cost - Option 2 <br />2020 STREET AND UTILITY IMPROVEMENTS <br />City of Saint Anthony Village, Minnesota <br />147