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r <br />Revenue Generated from Proposed $50/Parcel Acre Assessment <br />$50/parcel acre/year x 2 years x 4,022 parcel acres <br />_ $402,200.00 <br />If a $2.00/F.F. assessment is charged, approximately <br />$55,000.00 would be received from direct special <br />assessments. <br />RECOMMENDATIONS AND FUNDING <br />If the Board approves the proposed paving of 3.25 miles of <br />roads in Vero Lakes Estates, staff recommends the following <br />funding: <br />M.S.T.U. Revenue $402,200.00 (57.2%) <br />(2 years @ $50/parcel acre) <br />Existing Uncommitted M.S.T.U. Balance 75,000.00 (10.7%) <br />Front -Footage Assessment ($2.00/F.F.) 55,000.00 ( 7.8%) <br />Secondary Road Trust Fund 171,360.00 (24.3%) <br />$703,560.00 (100% ) <br />Commissioner Eggert asked that Director Davis comment on the <br />costs involved in paving 87th Street to give people a better idea <br />of the costs involved in paving a road. <br />Director Davis reviewed the paving costs for 87th Street <br />which was done in 1989 and is approximately 1.5 miles long. The <br />engineering and survey work was approximately $20,000 and that <br />was done by county staff in-house. An outside consultant would <br />have been substantially more expensive. The materials that went <br />into the construction, including the drainage pipes under the <br />roadway which were sized in accordance with the master drainage <br />plan, plus the fact that we had to put in fill to raise the road <br />bed approximately 1' to make the drainage system compatible, <br />amounted to $202,000. The labor and equipment was approximately <br />$101-,900; so, the total cost of the mile and a half was $324,979, <br />which equates to about $41 a lineal foot. Some of that included <br />some very large drainage pipes to connect the lakes to the north <br />and south of 87th Street as well as the pipes under the roadway. <br />Mr. Davis•continued that the proposed project is about 3J <br />miles long with an estimated cost of $703,560 at $41.00 per foot. <br />There are approximately 4,022 parcel acres to be assessed, and <br />even with the proposed increase, we still anticipate a shortfall <br />of about $300,000. We have looked for ways to fund that if the <br />project is approved, and staff is recommending a blend of 4 <br />revenue sources consisting of the next 2 years revenue from the <br />MSTU at $50/parcel acre; the existing uncommitted IVISTU balance; a <br />portion from the Secondary Road Trust Fund; and a front -foot <br />r <br />JUL 1`8'�� � 5 BOOK 3 F'AvE b <br />