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<br />Page 2
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<br />BACKGROUND:
<br />The above are the next steps required by Florida Statute to implement the special assessment for
<br />Atlantic Isle. Attached is the Methodology Report that further explains the purpose of these
<br />items along with a project summary.
<br />
<br />PROJECT COST AND FUNDING SOURCES
<br />
<br />The total original estimated project cost to the City is as follows:
<br />
<br />,'~ -(" ,I ' ORIGINAL ESTIMATE
<br />. , lr '
<br />";,, ' ..:, ,.>' , , PUBLIC PRIVATE TOTAL
<br />" 'f '" ~o '" ,,~~ ," Q , ~
<br />
<br />Sanitary Sewer 754,000 754,000 1,508,000
<br />Pavement Restor & Resurf 255,000 255,000 510,000
<br />SUBTOTAL-SAD 1,009,000 1,009,000 2,018,000
<br />Drainage 656,000 656,000
<br />Underground Existing Utilities 780,000 780,000
<br />Street Lighting 240,000 240,000
<br />Water Main 250,000 250,000
<br />Private Sewer Lateral 482,000 482,000
<br />Private Electrical Service 217,000 217,000
<br />TOTAL 2,935,000 1,708,000 4,643,000
<br />
<br />The current revised estimated project cost is as follows:
<br />
<br />, REVISED ESTIMATE
<br />',:.;;'t. :',::~:" ':!~:'. ", 'PUBLIC PRIVATE TOTAL
<br />, <;., '.
<br />
<br />Sanitary Sewer 915,000 915,000 1,830,000
<br />Pavement Restoration 94,000 94,000 188,000
<br />SUBTOTAL-SAD 1,009,000 1,009,000 2,018,000
<br />Drainage 656,000 656,000
<br />Underground Existing Utilities 780,000 780,000
<br />Street Lighting 240,000 240,000
<br />Water main 250,000 250,000
<br />Private Sewer Lateral 482,000 482,000
<br />Private Electrical Service 217,000 217,000
<br />TOTAL 2,935,000 1,708,000 4,643,000
<br />
<br />As you can see, the costs have just been reallocated, based on the benefit of having more detailed
<br />design specifications at this stage.
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