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City of Pasco
Chapel Hill Boulevard LID
ESTIMATED PROJECT COSTS
Design and Construction
Chapel Hill Boulevard - Road 68 to Road 76* $3,763,517
Chapel Hill Boulevard - Road 76 to Road 84* $4,263,951
Subtotal $8,027,468
* Includes 8.6% sales tax on Utilities, 15% Contingency, 12% Design Engineering, 13% Constr. Admin
DNR Right -of -Way Purchase $690,000
(2525' x 50' (north side) + 929' x 50' (south side) = 172,700 sq feet (3.97 acres) X $4.001sf)
Franklin County PUD TBD
LID Cost
3.0% LID Financing Cost (w/out DNR Row) $240,824
Interim Finacing $320,000
Establishment of Escrow $931,000
LID Guarantee Fund -10% (w/out DNR ROW) $951,929
Subtotal $2,443,753
Total Project Cost- PE, RW, CN, Financing) $11,161,221
Less City Contribution
5-lane Upgrade - Rd 76 to 68 $253,952
Roundabout Upgrades $1,000,000
LID Guarantee Fund $951,929
Traffic Impact Fee Credit (DNR ROW) $690,000
Subtotal $2,895,881
Total LID Cost to be Assessed (Option 1)** $8,265,340
Total LID Cost to be Assessed (Option 2)** $7,014,340
** Franklin PUD Costs not included (yet?)
Note: The costs provided above are for information only. Estimated project
costs and LID costs are subject to change based on the final scope of
improvements and financing options chosen.
/Users/erleworley/Doc uments/Pasco/Copy of 2018-04-13 Preliminary Assessment Roll Chapel H ill Blvd.x lv
8/S/18