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36 <br />FINANCING <br />5.1 Opinion of Probable Construction Cost <br />A detailed breakdown of the Cost Opinion for the proposed project is included in Appendix <br />B. The opinion of cost incorporates the construction costs experienced during 2011 and <br />2012, and includes a 15% contingency factor. Administrative costs are projected at 25% of <br />the construction cost and include engineering, legal, financing, and other administrative <br />costs. A summary of the project costs is as follows: <br />2013 STREET AND UTILITY IMPROVEMENTS <br />City of Saint Anthony Village, Minnesota <br />Opinion of Probable Cost <br />Proposed Improvements <br />Total Cost <br />Total Street Improvements <br />$1,269,437 <br />Total Sanitary Sewer Improvements <br />$193,287 <br />'Total Water main Improvements <br />$322,748 <br />Total Stm•m Sewer Improvements <br />$295,767 <br />'Dotal Proposed Improvements <br />$2,081,239 <br />2013 STREET AND UTILITY IMPROVEMENT PROJECT <br />FEASIBILITY REPORT <br />CITY OF ST. ANTHONY VILLAGE <br />WSB PROJECT NO. 1626-66 <br />PAGE <br />