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BONESTROO AND ASSOCIATES ®612 6361311 02/20/97 08:38 g :11/14 N0:918 <br />V. Cost Analysis <br />Detailed cost estimates for the proposed improvements are presented in the Appendices. <br />These costs include a 5 percent contingency, a 20 percent allowance for legal, engineering, and <br />administration costs, and a 5 percent allowance for capitalized interest and bonding costs during <br />con.slruclion. 1'he costs are based on 1997 construction costs Tbe ENR inden for January 1997 is <br />5,751. A sunimary of the estimated costs for the proposed implt>vement^ is prcscMUcd in Table I. <br />Table I. Summary <br />Hem ICstlmnted Cost <br />Sanitary Sewer $63.107.CM) <br />Water Main 39.888.00 <br />Total Project $102,995.00 <br />The cost estimates do not include easement costs that could he incurred on the pnrjeci. <br />It is recommended that the total project costs be assessed to the Orono Ice Arena properly <br />over a 10-year period at 7 percent interest. <br />VI. Project Schedule <br />Order Prepar.nion of Plans and Specifications February 1997 <br />Plans and Specifications Complete March 1997 <br />Advertise for Bids April 1997 <br />Open Bids April 1997 <br />Assessment 1 tearing May 1997 <br />Award Consmictinn rontract May 1997 <br />Begin (’onslruciion June 1997 <br />Complete Construction October 1997 <br />■m <br />Sanitary Sew er <//k/ Wafer Main Imprnx en\tnt\