7 bids to compare
Road project
The board has collected bids to replace the roads throughout Deer Point. Every quote received so far is listed here, with what it covers and what it would cost a typical household financed over ten years.
Where things stand. No contractor has been selected, no assessment has been approved, and every figure on this page is subject to change.
What would this cost you?
Choose a bid and your address; every figure below follows from those two choices. Nothing here is a bill, and nothing has been decided.
Adjust the assumptionsHide assumptions
The board plans on 10 years at 6% with a 10% change order allowance. Nothing has been borrowed and no lender has quoted a rate, so these are planning figures.
BSI Paving — entire subdivision · Entire subdivision · $1,575,500 bid · for an average lot
$3,860
a year, for 10 years — $38,601 in total
- Your assessment
- $28,411
- before interest
- Interest at 6%
- $10,190
- 36% on top
- Your share of the road
- 103 ft
- 1.64% of 6,266 ft of frontage
Where your $38,601 goes
$25,828
$2,583
$10,190
What each option would cost you
Annual payment for an average lot, over 10 years. Select a bar to price that option above.
- Concrete — full reconstruction
- Asphalt — 2″ resurface
Concrete
Asphalt
Where each yearly payment goes
- Pays down your assessment
- Interest
Year of the assessment
How your lot compares
Assessments are split by road frontage. Most lots have the same frontage and pay the same amount; the few larger ones pay a little more.
Pick your address above to see where your lot falls on this scale.
What each house would pay
Annual payment on BSI Paving — entire subdivision, over 10 years. Select a house to price that address above.
Zoom in to see every house; overlapping labels hide until there is room.
Every option above splits the bill across all 61 lots by frontage. For BSI’s partial repair there are other ways to divide it: only the lots on the repaired road pay, or everyone pays by how close they are.
About the project
Concrete or asphalt
The bids fall into two approaches that buy different work, so a low asphalt price and a high concrete price are not competing offers for the same job.
- Concrete. Full reconstruction of the road surface. Higher cost, much longer service life. This is the recommended option.
- Asphalt. A 2" resurface over the existing roads. Cheaper up front, shorter life, and recurring crack repair.
Compare bids within a group rather than across the two.
How the money would work
If we go with the RCOC proposal, the county will pay for the work and we will pay them back over time through a special assessment, paid via your property taxes.
If we go with a private contractor, RCOC will not be involved. To make it feasible for homeowners, the association will obtain a loan, and will collect the money from each lot owner over 10 years as a special assessment.
Each lot's share is set by its frontage on the plat map, so shares differ.