HomeMy WebLinkAboutReso. 1981 - 288 - Approving amended cost estimate (exhibit B) - Hartnell Avenue Assessment District No. 1980-3RESOLUTION NO.
RESOLUTION APPROVING AMENDED COST ESTIMATE
(EXHIBIT B)
HARTNELL AVENUE ASSESSMENT DISTRICT NO. 1980-3
The City Council of the City of Redding resolves:
On July 9, 1981, the City Council adopted Resolution No.
81-149 approving the Amended Engineer's Report for Hartnell Avenue
Assessment District No. 1980-3 and levied the assessments for the
assessment district.
Attached to this resolution as Exhibit A is an Amended
Cost Estimate for Hartnell Avenue Assessment District No. 1980-3
(Exhibit B of the Amended Engineer's Report) which reflects changes
in some items and the total amount of the bond issue. This Council
hereby approves the Amended Cost Estimate and directs the Engineer
of Work to incorporate this Amended Cost Estimate in the Amended
Engineer's Report which is one file with the City Clerk and recorded
in the office of the Director of Public Works.
I HEREBY CERTIFY that the foregoing resolution was duly and
regularly adopted by the City Council of the City of Redding, Shasta
County, California, at a regular meeting thereof, held on the 21st
day of December, 1981, by the following vote:
AYES: Councilmembers Demsher, Fulton, Gard, and Puah
NOES: Councilmembers None
ABSENT: Councilmembers Kirkpatrick
ETHEL A. RICHTER, City Clerk
City of Redding, Shasta County,
California
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EXHIBIT B
AMENDED COST ESTIMATE
HARTNELL AVENUE ASSESSMENT DISTRICT NO. 1980-3
isition Costs
A. Property (Harter, Rother, Forcella
and Mygrant) $ 125,450.00
B. Facilities - 120 l.f. of 6 -inch sewer 1,840.00
C. Appraisal Fees 2,379.90
TOTAL I $ 129,669.90
Construction Costs per Bid
(B-2 through B-5 as approved) $ 1,291,859.20
Contingency 75,000.00
TOTAL II $ 1,366,859.20
III. Less City of Redding Contribution:
A. Construction Costs and
Engineering Services $ 176,078.24
B. Acquisition (IA & IC) 127,829.90
Estimated interest earned on bond proceeds: 79,708.48
TOTAL III
NET PROJECT COST (I + II - III)
IV. Estimated Incidental Expenses
A.
Engineering $
84,600
B.
EIR
9,400
C.
Soils and other
special services
19,000
D.
Plan checking and
inspection
21,520
E.
Construction staking
21,520
F.
Bond counsel fees
35,332
G.
Bond counsel out-of-
pocket
1,000
H.
Bond printing
1,500
I.
Miscellaneous mailing
publishing & recording
500
J.
Land acquisition
legal expense
10,000
TOTAL ESTIMATED INCIDENTAL
EXPENSES
TOTAL PROJECT COST INCLUDING INCIDENTAL
EXPENSES
EXHIBIT A
$ 383,616.62
$ 1,112,912.48
$ 204,372.00
$ 1,317,284.48
EXHIBIT B
(revised 12/21/81)
Carried forward:
•
TOTAL PROJECT COST INCLUDING INCIDENTAL
EXPENSES
Bond Reserve Fund (8.5%)
Bond Discount (11.5%)
TOTAL AMOUNT OF BOND ISSUE
-2-
$ 1,317,284.48
139,961.48
189,359.65
$ 1,646,605.61