Project Feasibility Hearings for Capital Improvement Projects:

• 11078 West 7^th Street
• 11114 Germania Park Phase 5
• 11120 Woodshire Drive

Adoption of the attached resolutions.

On December 9, 2024, staff sent letters to 82 properties abutting this project notifying the residents of the December 18, 2024 informational meeting where engineering staff presented the proposed plan, estimated costs, and proposed preliminary assessments for this project.  Twenty-two residents representing 15 properties attended the meeting.
 
Engineering Staff is recommending the Council consider this improvement per the attached feasibility reports and the resultant costs and funding sources are as follows:
 
 
   

ITEM	COST
Street and Landscaping	$571,587.38
Stormwater Pollution Prevention	$19,825.00
Storm Drainage Construction	$54,800.00
Sanitary Sewer Construction	$178,350.00
Watermain Construction	$191,100.00
TOTAL CONSTRUCTION	$1,015,662.38
Construction Contingency	$101,566.24
Administration	$67,033.72
Engineering	$111,722.86
TOTAL PROJECT COST	$1,295,985.19

FUNDING SOURCE	AMOUNT	PERCENT
Special Assessments	$401,313.65	30.97%
Water Revenue	$224,766.60	17.34%
Sewer Revenue	$209,739.60	16.18%
Stormwater Revenue	$64,4444.80	4.97%
General Obligation Bonds	$395,753.54	30.54%
TOTAL FUNDS	$1,295,985.19	100%

ITEM	COST
Street and Landscaping	$854,841.78
Stormwater Pollution Prevention	$45,575.00
Storm Drainage Construction	$38,200
Sanitary Sewer Construction	$376,825.00
Watermain Construction	$426,598.08
TOTAL CONSTRUCTION	$1,742,039.86
Construction Contingency	$174,203.99
Administration	$114,974.63
Engineering	$191,624.38
TOTAL PROJECT COST	$2,222,842.86

 
 

FUNDING SOURCE	AMOUNT	PERCENT
Sewer Revenue	$443,146.20	19.94%
Water Revenue	$501,679.34	22.57%
General Obligation Bonds	$631,199.35	28.40%
Special Assessments	$601,894.77	27.08%
Stormwater Revenue	$44,923.20	2.02%
TOTAL FUNDS	$2,222,842.86	100%

 
   

ITEM	COST
Street and Landscaping	$2,320,985.00
Street and Landscaping	$651,836.54
Stormwater Pollution Prevention	$38,250.00
Storm Drainage Construction	$261,838.21
Sanitary Sewer Construction	$259,900.00
Watermain Construction	$211,325.00
TOTAL CONSTRUCTION	$1,423,149.75
Construction Contingency	$142,314.97
Administration & Bonding	$93,927.88
Engineering	$156,546.47
TOTAL PROJECT COST	$1,815,939.08

 
 

FUNDING SOURCE	AMOUNT	PERCENT
Sewer Revenue	$305,642.40	16.83%
Water Revenue	$248,518.20	13.69%
General Obligation Bonds	$468,679.98	25.81%
Special Assessments	$485,176.76	26.72%
Stormwater Revenue	$307,921.73	16.96%
TOTAL FUNDS	$1,815,939.08	100%