Resolution No. 4526 - Laserfiche WebLink

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Assessment Cost Costs listed below are the Engineer's estimate for the 1997 construction. The estimated costs reflect the low bid costs, 10 percent contingency of the contract costs, 5 percent administration charges, short-term financing costs, bond anticipation notes (BANs), costs ,for Engineering services, and other charges associated with the project which are allowed in EC 7.175. The final assessment will be based on final contract costs, actual Engineering service costs, actual short-term financing and BAN costs, a 5 percent finance administration cost, and other direct costs attributable to the project. Approximately $396,438.00 of the total assessable cost represents the share for properties adjacent to Prairie Road not wishing to receive sewer service at this time. These properties have been included in the computation of assessment unit costs. Approximately $360,128.00 of the assessable cost will be borne by the City of Eugene. This cost represents cost associated with the oversize pipe (greater than 8") and the prorated cost associated with the combined Prairie road, Irving Road projects. The cost to resurface Prairie Road will be distributed among the properties that can receive service from this system. The cost will be broken into two components. Resurfacing cost associated with the main line sewer trench will be part of the lateral cost. The resurfacing cost of the service line trench will be part of the service cost. In 1996, a portion of this sewer system was constructed as part of Lane County's improvement project along Irving Road. Generally, properties along Irving Road from the Northwest Expressway west to 1900 feet west of Prairie Road will be served by this portion of the system. These properties where not assessed for this construction. Properties along Irving Road, that have not requested to be included in the LID, will pay an 8-inch equivalent assessment as they connect to the sanitary sewer. The sewer along Irving Road is an integral part of the sewer system that will provide service to this portion of Prairie Road (see attached Exhibit "H"). The assessable costs from the construction of both the Prairie Road bid and the payments to lane County for the Irving Road system construction are included in the calculation of the cost per square foot. 'This will provide an equitable distribution of the costs over the entire area served by the Prairie Road sanitary sewer system. Page 4