01-13-2014 Council Packet - Laserfiche WebLink

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SECTION 4 ESTIMATED COSTS A. PROJECT COST ESTIMATE The total estimated project cost for Alternate 1, the forcemain, is $123,647. An itemized cost estimate is provided on Table 1 in the Appendix. This consists of the estimated construction cost plus a 10 percent allowance for contingencies and a 25 percent allowance for soft costs. The soft costs include project related engineering, administrative, legal, �scal and miscellaneous costs. The total estimated project cost for Alternate 2, the gravity sewer, is $415,207 and is detailed on Table 2 in the Appendix. This includes a 10 percent allowance for contingencies and 20 percent allowance fa. soft costs. No specific allowance is included for easement acquisitions in the project cost for both alternates. B. FINANCING The sanitary sewer extension is proposed to be funded by special assessments to the benefitting properties. It is anticipated that project costs will be initially financed through the sale of Chapter 429 Improvement Bonds. The properties benefitting from the proposed sewer extension are the six parcels on Green Trees Road as shown on Figures 1 and 2. The proposed assessment method is the unit assessment which assesses like parcels the same amount as each will get equal benefit. This results in an estimated assessment rate of$20,608 per parcel for Alternate 1 and of $69,201 per parcel for Alternate 2. The current property and owner information for the six parcels is provided on the Figures. C. ADDITIONAL EXPENSES In addition to the assessment for the cost of the sanitary sewer extensions, each property receiving sewer service will incur other expenses including, but not limited to the following: 1. One-time City of Orono Charges Connection Charge $ per parcel This charge is subject to change and is typically adjusted annually. Page 7