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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />design, surveying, soils testing, and normal construction services. No costs <br />have been included for the purchase of right-of-way, interest during construction, <br />or legal fees as these costs are expected to be very minimal. The estimated <br />costs of the preliminary design presented in this report are presented below: <br /> <br />Construction Cost <br />Contingency (20%) <br />Subtotal <br />Engineering (12%) <br />Total Project Cost <br /> <br />$387,000 <br />$ 77 ,400 <br />$464,400 <br />$ 55,700 <br />$520,100 <br /> <br />The total project cost for the recommended plan of improvements is $520,100. <br /> <br />Financing <br /> <br />At this time the City of Victor is not in a financial position to undertake the <br />project either by itself or with a low interest loan. If a grant or a combination <br />of grants were made available, then this in combination with City funds and a low <br />interest loan would make the project more financially feasible, but the grants <br />would necessarily have to cover a very large portion of the entire project costs. <br /> <br />5 <br />