HomeMy WebLinkAboutFebruary 5, 2001
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City Council Work Session
Ring Road Feasibility Report
Please Note: The City Council reserves the
right to add or delete items from the agenda
based upon time availability.
February 5, 2001
5:30 pm
Fire Station 1
1. Review Ring Road Layout 2.
2. Status of segments 1 and 3.
3. Feasibility report for segment 2.
4. Next steps.
5. Other business.
16200 Eagle Creek Ave. S.E., Prior Lake, Minnes~OO(W~,.tc)C:lll / Ph. (952) 447-4230 / Fax (952) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
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5. Financing
5.1 Opinion of Probable Cost
A detailed opinion of probable cost is included in Appendix C of this report. The
opinion of probable costs includes a 10% contingency and 28% indirect costs. The
indirect costs include legal, engineering, and administrative costs associated with the
project. The project costs are summarized as follows:
Option A Option B
Street Construction $667,000 $273,200
Storm Sewer Construction $131,100 $52,200
Sanitary Sewer Construction $14,300 $0
Water System Improvements $37,300 $0
Right-of-Way Acquisition $400,000 $0
Total Estimated Project Cost $1,249,700 $325,400
5.2 Funding
Financing of the project will be provided through MSA funds and Trunk Reserve
funds. The proposed funding breakdown is as follows:
Option A
Streets
Storm Sewer
Sanitary Sewer
Watermain
MSA
$667,000
$72,100
Trunk Reserve
Right-of-Way Acquisition
Total Option A
$400,000
$1,139,100
$59,000
$14,300
$37,300
$0
$110,600
Total
$667,000
$131,100
$14,300
$37,300
$400,000
$1,249,700
Option B
MSA
Trunk Reserve
Total
Total Option B
$273,200
$28,700
$301,900
$23,500
$23,500
$273,200
$52,200
$325,400
Streets
Storm Sewer
Feasibility Report
City of Prior Lake, MN
Ring Road - Toronto Avenue to Tower Street
S.A.P. No. 201-113-02
City Project No. 01-01
WSB Project No. 1283-00
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LEGEND
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AREA 1 - 52.365 SO. FT.
AREA 2 - 7.510 SO. FT.
AREA 3 - 11.670 SO. FT.
AREA 4 - 808 SO. FT.
AREA 5 - 1.045 SO. FT.
~l~~1';~i AREA 6 - 7.030 SO. FT.
TOTAL AREA - 80.428 SO. FT.
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WSB project No. 1283-002 Dale: February OS, 2001
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OPTION A
Ring Road
Prior Lake, Minnesota
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Minneapolis, MN 55422
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WSB project No. 1283-002 Date: February OS, 2001
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Street Striping Plan
OPTION A
Ring Road
Prior Lake, Minnesota
4150 Olson Memorial Highway
Suite 300
Minneapolis, MN 55422
763-541-4800
FAX 763-541-1700
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