09-12-2016 Council Packet - Laserfiche WebLink

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9/ 8/ 2016 Securities, Escrows & Fees PROJECT: Woods Edge NUMBER OF REU's:60 APPLICANT: D.R. Horton, Inc.NO. OF LOT FRONTAGES 60 AREA (acres of upland):10.6 ACRES IMPROVEMENTS COST NOTES DEVELOPER IMPROVEMENT COSTS SITE GRADING $76,500 EROSION CONTROL $47,163 LANDSCAPING $270,000 $4,500 per lot TRAIL & SIDEWALK $0 Included in Streets STREETS $269,417 Includes Sidewalk STORM SEWER CONST.$73,866 SANITARY SEWER CONST.$93,463 WATERMAIN CONST.$107,594 ENGINEERING & SURVEYING $23,450 2.5% of construction Total $961,453 Letter of Credit Amount X 150%$1,442,180 ESCROW FOR CITY'S COSTS PLANNING REVIEW $1,500 ADMINISTRATION $28,850 3% of construction ENGINEER PLAN REVIEW $2,000 ENGINEER CONSTRUCTION SERVICES $26,500 PROJECT FINAL DOCUMENTS & CITY ENGINEER $5,500 STREET LIGHT INSTALLATION $0 na (0 lights) $2,500/Light STREET & STORMWATER MAINTENANCE $2,500 na PROPERTY TAXES $0 na If final plat between July 1 and Dec. 31 BOULEVARD TREE PLANTING $0 na (x tree) $485/ tree Total $66,850 DEVELOPER FEES PARK DEDICATION $150,000 $2,500/res unit PARK DEDICATION CREDIT ($500)Outlot (B) Subtotal Park Dedication Fee $149,500 SEAL COATING FEE $0 n/a $0.33/SF of road AERIAL PHOTO FEE $5,400 $90/Lot STREET LIGHTING OPERATION $0 n/a (0 lights) $105/Light Sub-Total Fees $154,900 TRUNK SEWER UNIT CHARGE $184,380 $3,073/REU TRUNK SEWER UNIT CHARGE CREDIT $0 TRUNK WATER UNIT CHARGE $244,140 $4,069/REU TRUNK WATER UNIT CHARGE CREDIT $0 Sub-Total Trunk Sewer & Water Unit Charges $428,520 May be Assessed (Letter of Credit 35%) SURFACE WATER MANAGEMENT AREA CHARGE $90,039 $0.195/SF of Upland Area SURFACE WATER MANG'T AREA CHARGE CREDIT ($39,709)Credit 3,4 & 5 Sub-Total Surface Water Management Area Charge $50,329 Total $633,750 SUMMARY OF SECURITIES, ESCROW & FEES LETTER OF CREDIT DEVELOPER IMP'MENT COSTS $1,442,180 ESCROW FOR CITY'S COSTS $66,850 DEVELOPER FEES $633,750 EXHIBIT C