Key Biscayne Master Plan 043944000.18w_Key_Biscayne_MP(forJooMag) | Page 123

12.0 OVERALL PROGRAM OPINION OF PROBABLE CONSTRUCTION COST Construction will occur continuously throughout the phase assuming year-round construction for the undergrounding program as the Village does not have seasonal construction restrictions.  It is assumed the Village will acquire private easements to implement the program when sufficient right-of-way is not available to contain the new underground equipment. It is assumed easements will be donated by property owners when required, as has been the case on other undergrounding projects. Costs related to any eminent domain processes, or compensation for easement space, are not considered in this master plan.  Legal costs are estimated at 2.5% of the total base construction cost.  Cost related to obtaining financing for the program are not included in this OPC. We recommend the Village establish a budget for financial consultants, closing costs, and other related costs of obtaining project funding.  It is assumed the Village will enter into a right-of-way agreement with applicable utility owners for the installation of new underground cabling and equipment within the Village and/or State road right-of-way. BEFORE  Over the life of the project, considerable effort is expected to be required from Village staff, including the Village Manager’s office and the Department of Public Works. It is recommended the Village hire a project coordinator to assist the Village with the management and coordination of the project plus act as a resident liaison. Costs associated with the project coordinator, Village staff time, and use of Village facilities and resources have not been included in this OPC.  Revenue generated or costs related to potential Village-owned broadband infrastructure improvements are not considered in this OPC. While these improvements may be constructed concurrently with the undergrounding program, any costs related to this effort are not included in the undergrounding program.  Provisions for additional street lighting have been included in this OPC. It is assumed that existing street lights mounted to FPL or AT&T owned poles on arterial roadways will be replaced in approximately the same location with new FPL standard street lighting. Additionally, proposed street lights for areas that do not currently have lights have been placed at roughly the same intervals as existing lights elsewhere in the residential neighborhood. Costs for custom poles have been prepared based on the recent AFTER Looking south onto Mashta Island along West Mashta Drive from Harbor Drive 119