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4.6. Detour Routes <br />The -pro' ect will require significant excavation and disposal of unacceptable material <br />from the existing street area and a supply of significant volumes of select granular base, <br />aggregate base, and bituminous pavement materials. This effort will require closing the <br />roads under construction and increasing loaded truck traffic on the streets adjacent to the <br />construction area. Adequately signed detours will'be identified to direct traffic around <br />the construction zones and notify users of the increased truck and construction activity. <br />In order to accommodate the property owners along the excavated roads, temporary <br />parking on the adjacent streets may be necessary during the periods of time when vehicle <br />access is not possible. <br />5.1. Opinion of Probable Construction Cost <br />Detailed breakdowns of the Cost Opinion for the various construction areas are included <br />in Appendix B. The opinion of cost incorporated the construction costs experienced <br />during 2005 and 2006 and includes a 15% 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 />Street Reconstruction <br />Sanitary Sewer Improvements <br />Watermain Improvement <br />Storm Sewer Improvements <br />Total <br />5.2.FundingSources <br />$1,419,590 <br />$599,380 <br />$540,750 <br />$375,260 <br />$2,9349980 <br />The total project cost is projected to be approximately $2.9 million. Funding for the <br />project will come from the City's Street and Utility Reconstruction Funds (Public <br />Improvement Bonds), Storm Water Utility, Water and Sanitary Sewer Utilities, Tax <br />Increment Funds (TIF), and Special Assessments to benefiting properties. <br />The City's policy for street assessment is based on front footage along improved roads. <br />The property owner is assessed 35% of total street and local drainage construction costs. <br />Each property owner that receives a new water service will be assessed a flat rate per <br />service hookup to the new watermain. <br />2007 STREET AND UTILITY IMPROVEMENT PROJECT <br />FEASIBILITY REPORT <br />CITY OF ST. ANTHONY <br />WSB PROJECT NO. 1626-22 <br />PAGE 7 <br />