HomeMy WebLinkAboutEAST LINCOLN THIRD ANNEXATION & ZONING - 40-94, A - CORRESPONDENCE -Webster Property - Lemay and Lincoln
5/18/95 mst
Length of Proposed Roadway: 1113 ft.
Depth of Fill: 1 ft.
Unit Price
Quanity
Developer
city
Total
Earthwork
Reseed
$950.00
ACRE
1
$485
$485
$971
Stripping
$1.50
CY
2226
$1,670
$1,670
$3,339
Replace Topsoil
$1.50
CY
824
$618
$618
$1,237
Sidewalk Grading
$1.02
LF
1113
$568
$568
$1,135
Curb and Gutter Grading
$1.25
LF
2226
$1,391
$1,391
$2,783
Subgrade Prep
$1.15
SY
8162
$1,707
$7,680
$9,386
Asphalt Removal
$1.50
SY
4889
$3,667
$3,667
$7,333
Embankment
$6.00
CY
4287
$12,861
$12,861
$25,723
Concrete
Curb & Gutter
$7.50 LF
2226
$8,348
$8,348
$16,695
Sidewalk
$1.80 SF
11130
$16,027
$4,007
$20,034
Asphalt Paving
12" Flyash, 7" ABC, 4" HBP
$14.85 SY
8656.667
$23,373
$105,179
$128,552
Sterilization
$1.15 SY
8656.667
$1,810
$8,145
$9,955
Subtotal
$72,525
$154,618
$227,142
Traffic Control @ 7.25%
$5,270
$11,198
$16,468
Engineering @ 7.0%
$5,088
$10,812
$15,900
Construction Mgmt. @ 6%
$4,361
$9,267
$13,629
Contingencies @ 10%
$7,269
$15,446
$22,714
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DATE:
TO:
FROM:
RE:
MEMORANDUM
May, 18, 1995
Matt Baker, Engineer
Matt Turney, Engineering Intern
6 -�`�-f�
NEED
we, Lao$$
N$N,
Northeast Corner of Lemay Avenue and Lincoln Avenue
This letter is in regard to an analysis of a development proposal to trade land
needed for right of way for road improvement obligations on the Webster property
at the northeast corner of Lemay Avenue and Lincoln Avenue.
The City's Master Plan shows that Lemay Avenue is to be rerouted eastward,
requiring approximately 48,000 square feet of ROW off of the Webster property.
I have investigated a proposed trade whereby the developers could fulfill their
obligation to construct their proportional share of the street by dedication of the
ROW needed for the proposed Lemay Avenue.
The developers share of the estimated cost to construct this street is approximately
$94,500 (See attached spreadsheet). The estimated value of the land needed for
ROW ($2/ft') is $96,000. At first glance this might appear to be a reasonable
trade. Because the cost to construct the street is only an estimate, the actual value
will most likely be larger. The reason for this being that only the basic costs were
used to calculate the cost of construction. Unknown costs are likely to be
encountered during the construction of the rerouted Lemay Avenue.
This leads me to believe that this trade would not be in the City's best interest at
this time. This trade may be viable in the future, should the value of the land
increase due to the proposed development in this area.
Please let me know if you have any questions or if any further investigation needs
to be done.
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