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10-26-2022 Council Packet
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10-26-2022 Council Packet
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25 <br /> <br /> <br /> <br />EXHIBIT C <br />IMPROVEMENTS, SECURITIES & ESCROWS <br />Pioneer Commons 1st Addition <br />Security Requirements Worksheet <br /> <br />Public Infrastructure Security Constructions <br />Costs* <br />1) Public Water Main Improvements $448,192.00 <br />2) Public Sanitary Sewer Improvements $403,084.00 <br />3) Public Drainage Improvements $555,586.75 <br />4) Public Street Improvements $681,297.50 <br />Estimated Construction Costs $2,088,160.25 <br />25% Bond Security $522,040.66 <br />Security Required $2,610,200.31 <br />Site Grading Security Constructions <br />Costs* <br />1) Final Site Stabilization $70,983.94 <br />Security Required $70,983.94 <br /> <br />*Cost estimate provided by Lennar <br /> <br /> <br />Total Securities Required $2,681,184.25 <br /> <br />Escrow <br />1) City Staff In Application Fee <br />2) Civil Plan Review and Approval $15,000.00 <br />3) Legal Review $3,000.00 <br />4) Construction Inspection $70,200.00 <br />5) Warranty Inspections and Coordination $5,000.00 <br />6) Individual Site Inspection ($100/unit) $4,800.00 <br />Total Escrow: $98,800.00 <br />Charges: <br />Sewer Availability Charge (Local) @ $300 per unit (collected through <br />Building Permits) <br />Water Availability Charge (Local) @ $300 per unit (collected through <br />Building Permits) <br /> <br />Total Charges $0.00 <br /> <br />
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