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This report outlines the feasibility and recommendations for the 2015 street, utility, and retaining wall improvements on Grandview Boulevard. The project includes street reconstruction, watermain, sewer, and storm sewer improvements, as well as potential sidewalk improvements. The estimated project cost and financing details are also provided.
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PUBLIC IMPROVEMENT HEARING 2015 Street, Utility and Retaining Wall Improvements - Grandview Boulevard November 12, 2014 (continued to December 9, 2014)
Revised Feasibility Report(December 1, 2014) for2015 Street, Utility and Retaining Wall Improvements – Grandview Boulevard
Grandview Boulevard Project Recommendations • Reconstruct Grandview Boulevard – Street, Curb / Gutter, Concrete Aprons • Replace Watermain, Valves, Hydrants, Curb Stops • Replace Sewer Forcemain; Add Mag-Meter Manhole • Replace Storm Sewer Catch Basins; Add Draintile; Add Treatment Structure • Replace Retaining Wall
Potential Sidewalk Improvements • Best Location South and East of Grandview • May Require Purchase of Easements for Utility Relocation, Including Fire Hydrants • Five-Foot Wide Sidewalk Adjacent to Back of Curb • Some Tree Removal and Retaining Wall • ADA Pedestrian Curb Ramps and Cross-Walk to Grandview Middle School
Estimated Project Improvement CostsWithout and With Sidewalk Without $ 939,000 542,900 125,800 80,400 9,300 $1,697,400 With $ 940,600 542,900 125,800 80,400 21,600 95,500 $1,806,800 • Street • Watermain • Sanitary Sewer • Storm Sewer • Retaining Wall • Sidewalk (5-Foot) TOTAL: ͞
Grandview Boulevard FinancingWithout and With Sidewalk Without $ 939,000 - 45,000 - 448,400 $ 445,600 - 148,530 $ 297,070 With $ 940,600 95,500 - 45,000 - 448,400 $ 542,700 - 180,900 $ 361,800 Estimated Total Street Cost Estimated Sidewalk Cost Extra Section Cost (Paid by City) Deduct Street Cost Due to Utility Replacement Assessable Street Cost Amount Paid by the City (1/3) Amount Assessed to Benefitting Properties (2/3) ͞
Grandview Boulevard Estimated AssessmentWithout and With Sidewalk Without $ 297,070 $ 28,480 $ 268,590 58.11 $ 4,622 With $ 361,800 $ 34,700 $ 327,100 58.11 $ 5,629 Typical Assessment: Amount Assessed to Benefitting Properties Amount Assessed to Commercial Properties 1 Amount Assessed to Residential 2 Total Benefitting Equivalent Residential Units Estimated Per Unit Assessment = $268,590/58.11 = • Combination Method for Assessments (Based on Front Footage: 30%, Area: 30%, # of Units: 40%) • Unit Method for Assessments (Based on Residential Parcel); Single Family Units = 42 Full ERUs, 13 One-Half (6.5 ERUs), 1 One-Third (0.33 ERUs); High Density Residential = 8 Units x 0.75 = 6 x 0.5 = 3 Area Method for Grandview Apartments to Determine # of ERUs (125,550 sq. ft.. ÷10,000 sq. ft. per lot = 12.56 x 0.5 = 6.28 ERUs)