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<br />Project No.: <br />Location: <br /> <br />Improvement: <br /> <br />Initiation: <br /> <br />Owners Abutting: 4 <br /> <br />Right of Way: <br /> <br />Feasibility: <br /> <br />Completion: <br /> <br />RIVERFRONT IMPROVEMENTS <br />LOCK AND DAM ACCESS ROAD AND TRAIL <br />Hastings, Minnesota <br /> <br />2000-20 <br /> <br />Lock and Dam Access Road <br /> <br />Street reconstruction, storm sewer, sanitary sewer, watermain and trail <br />construction, building and fence demolition <br /> <br />City Initiated Project <br /> <br />The project will be constructed within the existing right of way or City <br />property. A temporary construction easement will be needed to relocate <br />the Hudson Manufacturing parking lot driveway. <br /> <br />This project is feasible, necessary, and cost effective, and will result in <br />benefits to the properties served. <br /> <br />Fall of2001 <br /> <br />FUNDING SUMMARY: <br /> <br />2.) <br /> <br />3.) <br /> <br />1.) <br /> <br />TOTAL PROJECT COSTS: <br />(Includes 10 % Contingencies, 11 % for Engr., Legal, <br />Administration, and Bonding Costs, 1 % assessment roll <br />preparation, and 8% capitalized interest) <br /> <br />$1,434,035.98 <br /> <br />FUNDING SOURCES: <br />Corps of Engineers <br />LCMR Grant <br />Assessed City Property and City Participation <br />Assessments <br /> <br />$ 365,810.00 <br />$ 155,000.00 <br />$ 903,066.82 <br />$ 10,159.16 <br /> <br />ASSESSMENT RATES: <br />Street (Reconstruction): <br />Storm Sewer: <br />Water Service <br />Sewer Service (Force Main) <br /> <br />$ 11.77/FF <br />$ 8.76/FF <br />$ 2,000/EA <br />$ 2,000/EA <br /> <br />D:\tom\WPDOCS\IMPR\L&DAccessRD\2000-20FRPT. wpd <br />