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� <br /> � Ok�ONO COUNCIL MEETING HELD FEBRUARY 28, 1977 Page 2 <br /> � Mro Greg Frank, City Engineer, has also stated PUBLIC HEARING <br /> that: (Continued) <br /> The purpose of this correspondence is to provide <br /> an update on the costs associated with the construct- <br /> � ion of the Ring Route. <br /> � In April, 1976, we estimated the total project <br /> cost at $505, 050, determined as follows: <br /> � <br /> • Grading $ 199, 600 <br /> Gravel Base & Bituminous surfacing 169 ,550 <br /> � Misc. Drainage, Restoration, etc. 56 , 000 <br /> Total Construction Cost $ 425,150 <br /> * Land & right-of-way Acquisition 34 ,000 <br /> ; Legal, Administratire & Engineering 46 , 000 <br /> Total Project Cost Estimate $ 505, 150 <br /> � <br /> a Since the time of this estimate, prices associated <br /> with construction have increased by roughly 7. 50 <br /> � (as evidenced by Index) . Applying this inflation <br /> rate to the above cost estimate, the project <br /> � should have a total cost estimate of roughly <br /> $543, 000 in terms of current construction costs. <br /> � Perhaps the most volatile costs associated with <br /> • the project are the estimates for land and easement <br /> acquisition, which were estimated at $3,000 per <br /> ` acre in 1976. <br /> � As of December 31, 1976, Orono had available <br /> $304, 728. 35 in rsSA funds. The total of these <br /> • funds as well as future MSA funds will be available <br /> to finance the costs of the Ring Route. <br /> • <br /> � In reviewing the Ring Route proposal, one of the , <br /> major concerns voiced at the first public hearing <br /> � was the impact of the increased traffic volumes <br /> on the intersection of County Road No. 6 and <br /> a U.S. Highway No. 12. As the Council is aware, <br /> the Minnesota Department of Transportation has <br /> � submitted preliminary plans for upgrading this <br />+ intersection. As such, these concerns are <br /> somewhat reduced. We are proposing to discuss <br />� the proposed upgrading at the forthcoming <br /> public hearing and have preliminary plans <br />� available for the public to review. <br />• Mr. Robert Compton, 4545 Watertown Road, stated <br /> that: <br />� <br />� 1. There will be visibility problems. <br /> 2. Congestion at railroad crossing. <br />�3. People will still travel County Road #15_ <br /> for scenic purposes. <br />� 4. DNR Trail will be disturbed. (Continued) <br />� <br />� <br />