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PROJECT IMPLEMENTATION <br /> PROJECT COST ESTIMATE(ROUNDED) <br /> Construction and Engineering/Admin/Legal $240,000.00 <br /> PEQUOT LAKES ASSESSMENT POLICY <br /> Front-Foot Approach <br /> Total front footage(LF) 1,833 <br /> Approx.cost per linear foot of frontage $131 <br /> Per Homeowner Approach <br /> Total number of homeowners 10 <br /> Approx.cost per homeowner $24,000 <br /> ESTIMATED ASSESSMENT <br /> Front-Foot Approach <br /> Approx.minimum frontage cost(51 LF) $6,681 <br /> Approx.maximum frontage cost(381 LF) $49,911 <br /> Per Homeowner Approach <br /> Approximate cost $24,000 <br /> ESTIMATED ANNUAL PAYMENTS <br /> Front-Foot Approach <br /> Based on a 10-year term at 5%interest <br /> Minimum frontage cost($6,681) $865 <br /> Maximum frontage cost($49,911) $6463 <br /> Per Homeowner Approach <br /> Based on a 10-year term at 5%interest <br /> Approximate cost($24,000) $3,108 <br /> NOTE: While estimated project and per-foot costs are given, it is the above process that will be <br /> used to calculate the fmal assessment. <br /> CITY OF PEQUOT LAKES Page 12 FEASIBILITY REPORT <br /> WIDSETH PROJECT NO.2021-12098 COLEMAN DRIVE <br />