July 12, 2000

FEASIBILITY REPORT

PUBLIC STREET IMPROVEMENTS

GRANDVIEW

FROM 135TH STREET TO 137TH STREET

(Project Number)

OVERLAND PARK

JOHNSON COUNTY, KANSAS

DESCRIPTION: This report relates to the proposed construction of Grandview from 135th Street south approximately 1320 feet to 137th Street, including an eastbound right turn lane on 135th Street, sidewalks, storm drainage, street lighting, and all other necessary appurtenances to the project.

USE: The proposed improvement as described will serve as direct access to abutting land including commercial retail and recreational facilities. The facility will also allow access from 135th Street to 137th Street.

RIGHT-OF-WAY: The proposed improvement will require 60 feet of right-of-way. It will also require temporary construction easements from properties included in the proposed improvement district. All property owners within the improvement district must agree to dedicate right-of-way and easements at no cost to the project. Easements from City-owned properties will be donated at no cost to the improvement district.

ZONING: The property west of Grandview is zoned R-1 (Single-Family Residential) with an indefinite special use permit. The properties east of Grandview are zoned BP (Business Park District).

PROPERTY OWNERS: The following entities own property within the improvement district:

Davidow Investment Co.	Ritz O.P., L.L.C.

2115 E Kansas City Road	12156 North Meridian St.

Olathe, KS 66061	Carmel, IN 46032

Bank IV, N.A., as trustee under declaration of trust dated as of September 1, 1995

100 North Broadway

Wichita, KS 67207

DESIGN: Grandview will be designed as a commercial street. The typical section will include a 36-foot roadway, curb and gutter, and sidewalks on both sides of the roadway. In addition, provisions will be made for an eastbound right turn lane, with a deceleration taper, on 135th Street at Grandview. The design and construction of this project shall be in accordance with all applicable sections of the Overland Park Municipal Code.

Following completion of the project, the City will perform such maintenance as may be required to preserve the proper functioning of the improvement.

ESTIMATED OR PROBABLE COST: The estimated total project cost for the proposed improvement is $632,400 as detailed in Table 1. It was assumed that the property owners within the improvement district would dedicate all right-of-way and easements at no cost to the project.

IMPROVEMENT DISTRICT: The proposed improvement district should include all properties lying with the following legal description:

Beginning at the southwest corner of the northwest quarter of the northeast quarter of Section 36, Township 13S, Range 24E, in the City of Overland Park, Johnson County, Kansas, said point being the true point of beginning, thence north along the west line of said northwest quarter to the northwest corner, thence east along the north line of said northwest quarter to the northeast corner of the west half of the northeast quarter of the northeast quarter of said Section 36, thence south along the east line of said west half to the southeast corner, also point being on the south line of the north half of the northeast quarter, thence west along the said south line to the true point of beginning, except that part in roadway right-of-way.

Including the following described real property:

TRACT 1

The northwest quarter of the northeast quarter of Section 36, Township 13S, Range 24E, in the City of Overland Park, Johnson County, Kansas, except those parts in streets or roads.

TRACT 2

The west half of the northeast quarter of the northeast quarter of Section 36, Township 13S, Range 24E, in the City of Overland Park, Johnson County, Kansas, more particularly described as follows: Commencing at the northwest corner of the northeast quarter of Section 36, Township 13S, Range 24E, Johnson County, Kansas, thence north 89(35'31" east, along the north line of the northeast quarter of said Section 36, a distance of 1325.09 feet to a point; thence south 00(10'26" east, a distance of 60.00 feet to a point in the south right-of-way line of K-150 Highway said point being the true point of beginning; thence north 89(35'31" east, along the said south right-of-way of K-150, a distance of 662.52 feet to a point; thence south 00(08'44" east, a distance of 1267.29 feet to a point in the south line of the northeast quarter of the northeast quarter of said Section 36; thence south 89(36'00" west, along the said south line of the northeast quarter of the northeast quarter of Section 36, a distance of 661.89 feet to a point; thence north 00(10'26" west, a distance of 1267.19 feet to the true point of beginning;

except the following area:

All that part of the west half of the northeast quarter of the northeast quarter of Section 36, Township 13S, Range 24E, in the City of Overland Park, Johnson County, Kansas, being more particularly described as follows: commencing at the northwest corner of the northeast quarter of said Section 36; thence north 87(44'32" east (north 89(35'31" east deed), along the north line of the northeast quarter of said Section 36, a distance of 1325.35 feet (1325.09 feet deed) to the northwest corner of the northeast quarter of the northeast quarter of said Section 36; thence south 2(01'17" east (south 00(10'26" east deed), along the west line of the northeast quarter of the northeast quarter of said Section 36, a distance of 693.04 feet to the true point of beginning; thence continuing south 2(01'17" east, along the west line of the northeast quarter of the northeast quarter of said section 36, a distance of 633.93 feet to the southwest corner of the northeast quarter of the northeast quarter of said Section 36: thence north 87(45'17" east, along the south line of the northeast quarter of the northeast quarter of said Section 36, a distance of 661.43 feet to the southeast corner of the west half of the northeast quarter of the northeast quarter of said Section 36; thence north 1(58'04" west, along the east line of the west half of the northeast quarter of the northeast quarter of said section 36, a distance of 633.93 feet; thence south 87(45'17" west, a distance of 662.02 feet to the point of beginning; except any part in streets and roads.

TRACT 3

All that part of the west half of the northeast quarter of the northeast quarter of Section 36, Township 13S, Range 24E, in the City of Overland Park, Johnson County, Kansas, being more particularly described as follows: commencing at the northwest corner of the northeast quarter of said Section 36; thence north 87(44'32" east (north 89(35'31" east deed), along the north line of the northeast quarter of said Section 36, a distance of 1325.35 feet (1325.09 feet deed) to the northwest corner of the northeast quarter of the northeast quarter of said Section 36; thence south 2(01'17" east (south 00(10'26" east deed), along the west line of the northeast quarter of the northeast quarter of said Section 36, a distance of 693.04 feet to the true point of beginning; thence continuing south 2(01'17" east, along the west line of the northeast quarter of the northeast quarter of said section 36, a distance of 633.93 feet to the southwest corner of the northeast quarter of the northeast quarter of said Section 36: thence north 87(45'17" east, along the south line of the northeast quarter of the northeast quarter of said Section 36, a distance of 661.43 feet to the southeast corner of the west half of the northeast quarter of the northeast quarter of said Section 36; thence north 1(58'04" west, along the east line of the west half of the northeast quarter of the northeast quarter of said section 36, a distance of 633.93 feet; thence south 87(45'17" west, a distance of 662.02 feet to the point of beginning; except any part in streets and roads.

METHOD OF ASSESSMENT: In order to create the improvement district, 100% of the property owners must sign the formal petition. The final apportionment will be based upon the actual total project costs as determined at the assessment hearing following completion of the project. All properties within the improvement district shall be assessed as follows:

Tract 1	Bank IV, N.A.	50%	$440,000
Tract 2	Ritz O.P., L.L.C.	25%	$220,000
Tract 3	Davidow Investment Co.	25%	$220,000
100%	$880,000

The amount assessed against each tract shall then be apportioned over the entire tract on a square foot basis.

SUMMARY: This feasibility report has been prepared by the Engineering Staff of the Public Works Department at the direction of the Public Works Committee and represents the best information available to the City Engineer. Decisions or further recommendations based on this report or any other criteria or information available should be made after due deliberation by the Public Works Committee and/or the Governing Body.

____________________________

Timothy R. McEldowney, P.E.

Civil Engineer II

Preliminary

Estimated Project Cost Summary

Item Description

Project Costs
1	Construction Cost
$568,000
2	Estimated Change Orders
$40,000
3	Design Engineering
$41,000
4	Estimated Project Administration
$30,000
5	Estimated Engineering During Construction
$13,000
6	Estimated Construction Inspection
$48,000
7	Legal Publications, Blueprinting, Misc.
$7,000
8	Construction Materials Testing
$7,000
9	Utility Relocations
$80,000
Sub-total
$834,000
Temporary note financing
$35,000
Bonding costs
$11,000
Total Estimated Project Cost
$880,000

Table 1

Feasibility Report

2001-06-19

Joe Archer

City of Overland Park