HomeMy WebLinkAboutExhibit 3ATTACHMENT "B"
FEMA Funded Project
Cost Table
ATTACHMENT "B"
Department of Environmental Resources Management
Basin Study Summary Report
FEMA- Secondary Canal Dredging Project
CITY OF MIAMI
December 12, 2005
Estimated
FEMA
Current
Estimated
No.
Canal Name
Length
Estimated
Estimated
Local Share
%
Final Cost Share
Status
(ft) FEMA
Cost ($) (1)
Cost ($) (1)
12.50%
Share (2)
for Miami (3)
1
Comfort Canal
7,600
$ 1,633,741
$ 3,754,260
$ 469,285
92.0
$431,742
Dredging complete
2% Management Fee = Current Estimated Cost x % Share
x 2%
$69,079
Total
5500,821
Annual Principal only (10 yrs.), excludes Interest
$50.082
(1)
FEMA Estimated Cost and Current Estimated Cost include Repair, Mitigation, and 14% Soft Costs.
(2)
% Share is based on the basin study performed by DERM and attached herewith.
(3)
Estimated Final Cost Share based on Current Estimated Cost and % Share.
Note' Costs provided by the Division or Recovery and Mitigation
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