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project, realignment of the intersections is proposed to address safety issues. <br /> <br />ASSESSMENT <br /> <br />Based on the low bid received, the costs listed below are the estimated assessment costs plus contingency. <br /> <br /> Paving 7-foot (per front foot) $ 65.00 <br /> Paving 10-foot (per front foot) $ 90.00 <br /> Sidewalk (per square foot) $ 6.00 <br /> Wastewater (per square foot) $ .35 <br /> Wastewater service (per each) $3,000.00 <br /> <br /> Total Estimated Assessable Cost $ 427,851 <br /> Total Estimated City Cost $1,258,433 <br /> <br /> Total Estimated Project Cost $1,686,284 <br /> <br />The non-assessable City share for this project will be funded primarily from Transportation SDC's and <br />Storm Water SDC's. The nonassessable costs the City will pay for include additional width of paving, <br />intersections, medians, bike lanes, street lights, street trees, and non-assessable storm drainage system <br />costs. Assessment financing, a 1 O-year payment plan through the City, is available to all property owners <br />within the improvement district as identified by City Code, Chapter 7. <br /> <br />LOW INCOME SUBSIDY <br /> <br />Information regarding the subsidy program was not sent out because there are no single family properties <br />in the proposed LID. <br /> <br />RECOMMENDATION <br /> <br />The unit prices submitted with the low bid are very competitive and based on staff review appropriate for <br />this scale of project. Staff recommends approval of formation of the LID. <br /> <br /> <br />