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Cost Estimates for Financial Assurances

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Cost Estimates for Financial Assurances –
Street Improvements (effective Jan. 15, 2014)

The following unit costs will be used by City Engineering to determine the amount of Financial Assurance to be collected for Street Improvements. The subdivider may submit an engineer’s cost estimate or bid tabulation to be used in lieu of these unit costs subject to City Engineering approval. These costs were adjusted by approximately 3% from 2015.

Instructions for Financial Assurances

Residential Streets and Minor Residential Collectors  

up to 36 foot street width in 60 foot R.O.W. (sidewalk not included) $185.00 per LF

Major Residential Collectors, and Industrial-Commercial Streets 

up to 44 foot street width in 66 foot R.O.W. (sidewalk not included) $217.00 per LF


Minor, Major Arterials, and Higher     ENG. EST. REQUIRED

Curb/Gutter, ramp or vertical (one side) $20.20 per LF

Pedestrian Ramp

4’ sidewalk $715.00 EA
5’ sidewalk $844.00 EA
6’ sidewalk $1014.00 EA

Median

Type 3 curb (one side) $18.30 per LF
Patterned concrete surface $10.20 per SF

Sidewalk

4 foot width $16.50 per LF
5 foot width $23.00 per LF
6 foot width $27.60 per LF

Turn Lane

Curb/gutter, pavement section $73.00 per LF

 

  1. If assurances filed with the City expire, no building permits for the building site shall be issued. It shall be the responsibility of the subdivider to keep current all assurances filed with the City. The City shall have the right at any time to increase or decrease the amount of assurance in accordance with the current estimates of public improvements... it being the intent of this provision that the subdivider shall pay the entire cost of all improvements, and the subdivider shall in no way limit his liability therefore by filing assurances based upon estimates. 7.7.1105
  2. Any assurance on file for more than one year must have the amount adjusted for inflation.
  3. Any assurance on file for more than three years will be re-evaluated by the City for its amount and appropriateness. If it is determined that the facilities are not needed, the assurance will be released. The City Engineer may at any time make written demand for construction of the facilities.
  4. Reference Policy No. 971015 for disbursement of Defaulted Assurances.