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HomeMy WebLinkAbout06242019 City Council Work Session Laydown - Sudv Development & Housing /9obz`/ ups 4_4(vderlw. .....--... ............... CITY COUNCIL WORK SESSION 6/24/ 19 SUBDIVISION DEVELOPMENT AND HOUSING ROAD SPECIFICATIONS AND ASSUMPTIONS • 22 feet wide roadway: 18 inch subgrade,4 inch leveling,24 inch storm drain - $387 per foot - \PV • 22 feet wide of 2 inch asphalt pavement - $70 per foot t.� � • Curb and gutter - $60 per foot 'u • 4 foot wide,4 inch sidewalk - $38 per foot D v • 20% construction contingency • 5% City of Seward Administration • 10% Engineering,design and permitting • 15% Construction administration ,- rri( vvs-e w►50,Q,c i a-rv, • TOTAL - $870 per foot s WATER SPECIFICATIONS AND ASSUMPTIONS ■ 8 inch water mains - $210 per foot ■ Gate valves at each intersection - $4,000 each ■ Water services ("stub outs") - $3,000 each lot ■ Fire hydrants every 250 feet - $10,000 each ■ 20% Construction Contingency ■ 5% City of Seward Administration ■ 10% Engineering, design and permitting ■ 15% Construction administration ■ Total - $400 per foot SEWER SPECIFICATIONS AND ASSUMPTIONS ■ 8 inch sewer mains - $210 per foot ■ Man holes every 250 feet - $8,000 each ■ Sewer services - $3,500 each lot ■ 20% construction contingency ■ 5% City of Seward Administration ■ 10% Engineering, design and permitting ■ 15% Construction Administration ■ Total - $400 per foot • s ELECTRIC ESTIMATES ■ Gateway subdivision (33 lots) - $173,042.80 ■ Spruce Street (4 lots) - $14,762. 19 ■ Pine Street (12 lots) - $108,265.58 GATEWAY SUBDIVISION (33 LOTS) ■ 25% subsidy = $834,423.20 ■ Property tax payback Streets/Sidewalks/Storm Drains • 33 single family homes—9.3 years • $I,648,650 • 33 duplexes—6.2 years Electric ■ 33 four-plexes—4.9 years • $173,042.80 • 50% subsidy = $1,668,846.40 Water • Property tax payback $758,000 • 33 single family homes— 18.5 years • • 33 duplexes— 12.4 years Wastewater • 33 four-plexes—9.8 years • $758,000 • 75% subsidy = $2,503,269.96 TOTAL COST - $3,337,692.80 • Property tax payback $I 01 ,142.20 per lot • 33 single family homes—27.8 years • 33 duplexes— 18.5 years • 33 four-plexes— 14.6 years r SPRUCE STREET EXTENSION (4 LOTS) • Streets/sidewalks/storm drains $217,500 ■ 25% subsidy = $ 108,065.50 • ■ • Water Property tax payback • 4 single family homes—9.9 years • $100,000 • 50% subsidy = $216, 131 .09 • Sewer • Property tax payback • $100,000 • 4 single family homes— 19.8 years • Electric • 75% subsidy = $324, 196.64 • $14,762.19 • Property tax payback TOTAL COST - $432,262.19 • 4 single family homes— 29.7 years $108,066 per lot PINE STREET FROM COTTONWOOD ( 12 LOTS) ■ 25% subsidy = $340, 191.39 ■ Streets/sidewalks/storm drains ■ Property tax payback ■ $652,500 ■ 12 single family homes— 10.4 years • Water ■ 12 duplexes— 6.9 years ■ $300,000 ■ 50% subsidy = $680,382.79 ■ Sewer ■ Property tax payback ■ $300,000 ■ 12 single family homes— 20.8 years • Electric ■ 12 duplexes— 13.8 years ■ $108,265.58 ■ 75% subsidy = $1,020,574. 18 TOTAL COST - $1,360,765.58 ■ Property tax payback $1 13,397.13 per lot ■ 12 single family homes— 3 I.2 years ■ 12 duplexes—20.8 years