Laserfiche WebLink
CSJ #0016 -02 -122 <br />District # 14 <br />Code Chart 64 #37950 <br />I -35 Ramps at River Ridge <br />CFDA #20.205 <br />ATTACHMENT C -1 <br />BUDGET ESTIMATE AND SOURCE OF FUNDS <br />The Local Govemment will participate in the cost of the construction of a southbound entrance ramp on 1 -35 at River <br />Ridge. The Local Government's participation is 74.3% of the cost of this particular improvement and the other 25.7% will <br />be paid for with federal funds. Reimbursement will be made on an 80% Federal /20% Local cost share to the maximum <br />reimbursable amount of $250,000. The Local Government's estimated participation of this additional work is $721,115 for <br />construction bid items. The State has estimated the project to be as follows: <br />Description <br />Total <br />Estimate Cost <br />Federal <br />Participation <br />State <br />Participation <br />Local <br />Participation <br />% <br />Cost <br />% <br />Cost <br />% <br />Cost <br />.. "CONSTRUCTION COSTS ..: <br />Construction of southbound <br />entrance ram <br />$971,115 <br />25.7% <br />$250,000 <br />0% <br />$0 <br />74.3% <br />$721,115 <br />Subtotal <br />$971,115 <br />$250,000 <br />$0 <br />$721,115 <br />Direct State Costs <br />(including plan review) <br />12.5% <br />$140,812 <br />80% <br />$112,650 <br />20% <br />$28,162 <br />0% <br />$0 <br />Indirect State Costs (no <br />local participation required <br />except for service projects) <br />$0 <br />0% <br />$0 <br />0% <br />$0 <br />0% <br />$0 <br />TOTAL <br />$1,111,927 <br />$362,660 <br />$28,162 <br />$721,115 <br />Local Government's Participation = $721,115 <br />It is further understood that the State will include only those items for the improvements as requested and required by the <br />Local Govemment. This is an estimate only; final participation amounts will be based on actual charges to the project. <br />