Laserfiche WebLink
<br /> EXHIBIT C <br /> COST SHARING FORMULA <br />The estimated costs of the sanitary sewer interceptor will be shared as <br />follows: <br />Total Estimated Cost (1) $474,587 <br />SBK (2) 47,250 <br />Dobie (2) 47,250 <br />Salinas & Rochford (2) 47,250 <br />Rakor, Shown (2) 47,250 <br />Subtotal $285,587 <br />River Ridge (3) (4) 45,408 <br />City of San Marcos (3) $240,179 <br />(1) Total estimated cost is $474,587 per Engineer's Cost <br /> Estimate, Exhibit E. <br />(2) SBK, Dobie, Salinas & Rochford; Rakor, Shown each pay <br /> 25% of $189,000 per Engineer's Cost Estimate, Exhibit <br /> E. <br />(3) River Ridge and the City of San Marcos have a total <br /> remaining design capacity of 5,599 LUE's per Exhibit <br /> B. <br /> River Ridge has 889 of the remaining LUE's <br /> 889 = 15.9% <br /> 5599 <br /> City of San Marcos has 4,710 of the remaining LUErs <br /> 4710 = 84.1% <br /> 5599 <br /> River Ridge, $285,587 @ 15.9% = $ 45,408 <br /> City of San Marcos, $285,587 @ 84.1% = 240,179 <br /> $285,587 <br />(4) The cost to be borne by River Ridge is in addition to <br /> any and all costs to be paid for by the oversizing of <br /> the Fairlawn Interceptor, estimated to be a total <br /> $34,000; therefore, River Ridge's total cost will be <br /> approximately $80,000. <br />