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4/6/2016
<br />PROJECT: Saddle Club 2nd Addition NUMBER OF REU's:17
<br />APPLICANT: DuPont Holdings, LLC NO. OF LOT FRONTAGES 19
<br />AREA:6.2 ACRES
<br />IMPROVEMENTS COST NOTES
<br />DEVELOPER IMPROVEMENT COSTS
<br />SITE GRADING $15,430
<br />EROSION CONTROL $8,000
<br />LANDSCAPING $6,485
<br />TRAIL $4,462
<br />STREETS $74,985
<br />STORM SEWER CONST.$28,834
<br />SANITARY SEWER CONST.$33,231
<br />WATERMAIN CONST.$32,886
<br />OLD BIRCH CUL DU SAC CONSTRUCTION $50,000 Marcel needs to provide bid $
<br />OLD BIRCH PAVING (EAST - WEST SECTION)$50,000 Marcel needs to provide bid $
<br />ENGINEERING & SURVEYING $6,000
<br />Total $310,313
<br />Letter of Credit Amount X 150%$465,470 Surety Agreement Option is 125%
<br />CITY IMPROVEMENT COSTS
<br />TRUNK SANITARY SEWER $52,241 $3,073/REU
<br />TRUNK SANITARY SEWER CREDIT Future Credit Old Birch Extension $90,000
<br />TRUNK WATERMAIN $69,173 $4,069/REU
<br />TRUNK WATERMAIN CREDIT Future Credit Foxborough Extension $25,000
<br />TOTAL TRUNK SEWER & WATER FEES $121,414
<br />SURFACE WATER MANAGEMENT $39,160 $0.145/SF of Development Area
<br />SURFACE WATER MANAGEMENT CREDIT ($6,482)Credit 3 & 5
<br />TOTAL SURFACE WATER MANAGEMENT FEES $32,679
<br />Total $154,093
<br />Letter of Credit Amount X 35%$53,940
<br />ESCROW
<br />PLANNING REVIEW $1,500
<br />ADMINISTRATION $9,310 3% of construction
<br />ENGINEER PLAN REVIEW $5,500
<br />OLD BIRCH CUL DU SAC DESIGN $7,200
<br />ENGINEER CONSTRUCTION SERVICES $18,500
<br />PROJECT FINAL DOCUMENTS & CITY ENGINEER $2,500
<br />STREET LIGHT INSTALLATION $5,000 (2 lights) $2,500/Light
<br />STREET & STORMWATER MAINTENANCE $2,500
<br />PROPERTY TAXES $0 If final plat between July 1 and Dec. 31
<br />BOULEVARD TREE PLANTING $9,215 (x tree) $485/ tree
<br />Total $61,225
<br />DEVELOPMENT FEE DEPOSIT
<br />PARK DEDICATION $42,500 $2,500/res unit: $2,175/com ac
<br />PARK DEDICATION CREDIT (TRAIL)$0
<br />SEAL COATING FEE $5,544 $0.33/SF of road
<br />AERIAL PHOTO FEE $1,530 $90/Lot
<br />STREET LIGHTING OPERATION $210 (2 lights) $105/Light
<br />Total $49,784
<br />SUMMARY OF COSTS
<br />LETTER OF CREDIT DEVELOPER IMP'MENT COSTS $465,470
<br />LETTER OF CREDIT CITY IMPROVEMENT COSTS $53,940
<br />ESCROW $61,225
<br />DEVELOPMENT FEES $49,784
<br />ATTACHMENT B
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