y y Provisions for additional street lighting have not been
included in this opinion of cost. 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 decorative FPL standard street
lighting. FPL does not assess capital costs for standard
lighting installation and the operating costs will be paid
for under the existing separate Town operating budget
for street lighting. Impacted lighting on non-arterial
residential streets will not be replaced. Existing decorative
street lighting that is already served with underground
infrastructure is assumed to remain in service. Individual
neighborhood streets who desire to have their existing
utility pole-mounted impacted street lighting replaced
can do so under the Town’s existing assessment program
established for this purpose.
y y Costs related to the underground conversion of the
segment of overhead utilities along State Road A1A
within the municipal limits of the City of Lake Worth
are not included in this opinion of cost. Because bond
proceeds cannot fund this segment since it exists in another
municipality, the Town will separately fund costs related to
this segment.
TOWN-WIDE UNDERGROUNDING OF UTILITIES PROGRAM
MASTER PLAN DOCUMENT
y y Costs related to the preparation of this master plan are not
included in the overall opinion of cost as this planning
study was not originally envisioned as a part of the
assessment budget established by the Town.
y y Program contingency was established with separate
percentages for construction costs versus soft costs.
Construction cost contingency was established at a rate of
9.25 percent. Soft cost contingency was established at a rate
of 5 percent. The soft cost contingency was established at a
lower rate because the Town has historically experienced a
lower instance of using contingency funds on soft costs.
y y Full restoration of landscaping and hardscaping within
rear yard easements that are impacted by the conversion
or overhead utility removal process will not be restored.
A $100 per home allowance has been included in this
opinion of probable cost for light cleanup such as pressure
washing affected areas.
y y All construction projects carry inherent risk for
construction claims, litigation, or other such legal action
against the Town for damages to persons or property. This
opinion of costs does not include costs associated with
contractor termination, re-mobilization, construction
claims, litigation, or other such legal action.
OVERALL PROGRAM OPINION OF PROBABLE CONSTRUCTION COSTS | 161