The Urban Systems Program provides funding to local entities at a percentage of 90.49 with the local match share being 9.51 percent. Currently, $693,750.00 is appropriated into the Gillette Area Urban Systems fund for this traffic signal project.
The costs are identified as follows:
Preliminary Estimate of Construction Costs $500,000.00
10% Preliminary Engineering $ 50,000.00
15% Construction Engineering $ 75,000.00
Total Direct Costs $625,000.00
Indirect Cost Allocation Plan (11.0%) $ 68,750.00
Total Project Costs $693,750.00
WYDOT - Urban Systems Funding (90.49%) $627,774.00
City's Match (9.51%) $ 65,976.00 (Optional 1% Sales Tax Fund) |