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Engineer's Report <br />Improvement District No. BN-23-A <br />Page 3 <br />Project area east of the bridge 5,613,083.56 <br />Amount Federally Funded 3,524,447.60 <br />Amount Locally Funded 2,088,635.95 <br />Plus 4% Administration Fee: 83,545.44 <br />Plus 3% Legal Fee: 62,659.08 <br />Plus 4% Interest Fee: 83,545.44 <br />Plus 10% Contingency: 208,863.60 <br />Total Estimated Cost: 2,527,249.50 <br />City of Fargo: 40.00% 1,010,899.80 <br />City of West Fargo: 40.00% 1,010,899.80 <br />Cass County:20.00% 505,449.90 <br />Miscellaneous Costs <br />Right-of-Way and Easements: 250,000.00 <br />Utility Relocation 150,000.00 <br />Outside Engineering: 1,679,825.00 <br />Incentive <br />Total Miscellaneous Costs: 2,079,825.00 <br />City of Fargo:956,719.50 <br />City of West Fargo: 561,552.75 <br />Cass County: 561,552.75 <br />Federal Funds: <br />Project Funding Summary <br />Special Assessments - City of Fargo 11.02% 2,174,857.22 <br />Special Assessments - Cass Rural Water 0.20% 40 256.70 <br />Special Assessments - Water Utility 10.93% 2,156,151.76 <br />City of Fargo - Infrastructure Sales Tax 2.99% 590,549.78 <br />City of West Fargo 14.81% 2,921,612.45 <br />Cass County 14.43% 2,846,368.80 <br />Federal Funds 45.62% 9,000,000.00 <br />Total Estimated Project Cost 19,729,796.71 <br />We believe this project to be cost effective. <br />q‘ofEssIoy45) 01kleez. <br />d-I <br />Tom Knakmuhs, .E. <br />N <br />P Assistant City EngineerOOp,