2005-08-30 final Project Costs Estimated
~
SEH
MEMORANDUM
TO:
Larry Kruse
Albertville City Administrator
~obert L. Moberg, PE
Project Manager
FROM:
DATE:
August 30, 2005
RE:
2004 Prairie Run
Final Project Costs - Estimated
Albertville, Minnesota
SEH No. A-ALBEV 0409.00
At your request, I have developed a summary of final project costs and assessments for the subject project
(see attached worksheets). The cost summary includes all construction costs to date and an estimate of
remaining work on the project. The cost summary also includes the additional work of building pad
testing, Heuring property grading, street lighting, crop damages, 3-phase power, and a landscaped median
on Kassel A venue. Legal, planning, administration, and engineering costs have been included. I have
also included engineering costs for the developer's engineer.
After summarizing the costs identified above, a 3% administration fee was then added. Land acquisition
costs were then included to determine a total amount to be financed. Cost of financing is estimated to be
3.1 %, which is consistent with what was used for the Public Works Building project.
Proposed cost participation is summarized as follows:
1. Residential
2. Commercial
3. City Trunk Funds
$1,324,482.16
$704,987.52.
$15 1,597.17
$2,181,066.85
For the Council resolution calling for the assessment hearing, the final project cost is $2,181,066.85 and
the amount to be assessed is $2,029,469.68.
Dean Johnson has indicated he intends to install the median landscaping on his own and does not want to
be assessed for the work. If this is the case, the project totals will need to be modified accordingly.
Please notify me how the City would like to handle this issue.
Please call me at 651.490.2147 if you have any questions.
nm
Enclosures
x:\ae\alhev\040900\word\k.ruse083005. doc
Short Elliott Hendrickson Inc., 3535 Vadnais Center Drive, St. Paul, MN 55110-5196
SEH is an equal opportunity employer I www.sehinc.com I 651.490.2000 I 800.325.2055 I 651.490.2150 fax
Albertville, Minnesota
2004 Prairie Run
Final Project Cost Summary
SEH No. A-ALBEV0409.00
8/30/05
Construction Item Commercial Residential Trunk Funds Totals
Sanitary Sewer $40,344.23 $177,832.14 $33,673.83 $251,850.20
Lift Station $73,513.03 $73,513.03
Water Main $42,568.00 $98,334.36 $8,357.10 $149,259.46
Storm Sewer $54,484.49 $116,291.47 $170,775.96
Streets $150,239.61 $366,952.31 $517,191.92
Earthwork & Grading $72,582.85 $268,358.66 $340,941.51
Turf Restoration $17,330.00 $17,736.00 $35,066.00
Construction Sub-total $377,549.18 $1,045,504.94 $115,543.96 $1,538,598.08
Additional Construction
Building Pad Testing $8,605.00 $8,605.00
Additional Grading $7,027.00 $7,027.00
Street Lighting $4,353.00 $4,353.00
Crop Damages $938.00 $938.00
3-Phase Power $9,566.50 $9,566.50 $19,133.00
Landscape Median $18,392.00 $18,392.00
Total Add'l Construction $14,857.50 $34,024.00 $9,566.50 $58,448.00
Construction Totals $392,406.68 $1,079,528.94 $125,110.46 $1,597,046.08
Other Project Costs
Legal/Planning/Admin $3,747.17 $10,308.63 $1,194.70 $15,250.50
Engineering $51,598.64 $141,950.24 $16,451.12 $210,000.00
Developer's Engineering $15,452.79 $15,452.79
Total Other Costs $55,345.80 $167,711.66 $17,645.82 $240,703.29
Sub-total $447,752.48 $1,247,240.60 $142,756.28 $1,837,749.37
Plus Developer's Fee (3%) $13,432.57 $37,417.22 $4,282.69 $55,132.48
Plus Land Acquisition $222,605.00 $222,605.00
Final Sub-total $683,790.06 $1,284,657.82 $147,038.97 $2,115,486.85
Financing (3.1 % of total) $21,197.46 $39,824.34 $4,558.20 $65,580.00
Final Project Costs $704,987.52 $1,324,482.16 $151,597.17 $2,181,066.85
X:\A E\AI bev\040900\Assess\ProjectCostS ummary .xls
Albertville, Minnesota
2004 Prairie Run
Individual Assessment Totals
A-ALBEV0409.00
8/30/05
Gold Key Development
Total Construction Costs
Other Project Costs
Sub-total
Admin Fee (3%)
Financing
Total
Bob Heuring
Total Construction Costs
Other Project Costs
Sub-total
Admin Fee (3%)
Land Acquisition
Financing
Total
Tom Finken
Total Construction Costs
Other Project Costs
Sub-total
Admin Fee (3%)
Land Acquisition
Financing
Total
County Truck Station
Total Construction Costs
Other Project Costs
Sub-total
Admin Fee (3%)
Land Acquisition
Financing
Total
City Trunk Costs
Total Construction Costs
Other Project Costs
Sub-total
Admin Fee (3%)
Financing
Total
Grand Total
X:\AE\AI bev\040900\Assess\P rojectCostS ummary .xls
$1,079,528.94
$167,711.66
$1,247,240.60
$37,417.22
$39,824.34
$1,324,482.16
$236,937.32
$33,418.10
$270,355.42
$8,110.66
$142,912.41
$12,799.14
$434,177.63
$119,760.36
$16,891.23
$136,651.59
$4,099.55
$59,435.54
$6,469.35
$206,656.03
$35,709.00
$5,036.47
$40,745.47
$1,222.36
$20,257.06
$1,928.97
$64,153.86
$125,110.46
$17,645.82
$142,756.28
$4,282.69
$4,558.20
$151,597.17
$2,181,066.84