SCHEDULE 'C'
Construction of Sanitary Sewer & Private Drain Connections
On Baseline Road
From 7th Concession Road to 8th Concession Road
Revised per Proposed Local Improvement Consolidation Policy
Ontario Regulation 586/06 Local Improvement Special Charges- Cost Breakdown (HST Excluded)
| Description | TotalEstimatedCost | Owners Cost | City’s Cost | Commuted Cost per metre of assessable frontage or per connection | Annual Cost per metre or per connection for 10 years |
|---|---|---|---|---|---|
| Construction of Sanitary Sewer and Private drain connections on Baseline Road from 7th Concession Road to 8th ConcessionRoad | $1,472,368* | $779,360 | $693,008 | $244.21/L.M frontage and $3,206.83 /connection | $27.99/L.M frontage and $367.55 /connection |
*Local Improvement component only (excludes watermain and HST). Total cost of the work is $2,722,368, including watermain. Recoveries from Enwin- Water Division is estimated at $1,337,500 and includes a 7% administration fee which will partially offset the City’s cost above related to engineering and contract administration. The balance of the cost for the above-noted reconstruction will be charged to Project ID #7159000.
**2.56% interest rate is applied over the ten (10) years of annual payment period.