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52 <br />Street Capital Improvement Plan (CIP) <br />Bituminous vs. Concrete Financing Options <br />St. Anthony Village, MN <br />Assessment Payback Comparisons <br />Table I <br />Assessment Cost Analysis <br />Existing CIP- Bittuninous Pavement <br />A $5,900 average assessment (based on assessment costs provided in "Task Force Meeting No. 2 and <br />No. 3) spread over 15 years at 6.0% interest would have the following annual cost based on the <br />following metliods: <br />Equal Payment <br />Years 1-15 = $393.33/year <br />Total = $8,732.00 <br />Equal Principal <br />YEAR <br />PRINCIPAL <br />INTEREST <br />TOTAL <br />1 <br />$393.33 <br />$354.00 <br />$747.33 <br />2 <br />$393.33 <br />$330.40 <br />$723.73 <br />3 <br />$393.33 <br />$306.80 <br />$700.13 <br />4 <br />$393.33 <br />$283.20 <br />$676.53 <br />5 <br />$393.33 <br />$259.60 <br />$652.93 <br />6 <br />$393.33 <br />$236.00 <br />$629.33 <br />7 <br />$393.33 <br />$212.40 <br />$605.73 <br />8 <br />$393.33 <br />$188.80 <br />$582.13 <br />9 <br />$393.33 <br />$165.20 <br />$558.53 <br />10 <br />$393.33 <br />$141.60 <br />$534.93 <br />Il <br />$393.33 <br />$118.00 <br />$511.33 <br />12 <br />$393.33 <br />$94.40 <br />$487.73 <br />3 <br />$393.33 <br />$70.80 <br />$464.13 <br />4 <br />$393.33 <br />$47.20 <br />$440.53 <br />5 <br />L1l <br />$393.33 <br />$23.60TAL <br />$5,900.00 <br />$2,832.00 <br />$8,732.00 <br />Street Reconstruction Task Force Findings Report <br />November 13, 2008 <br />WSB Project No. 1626-03 <br />