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2/22/2017
<br />PROJECT: St. Clair Estates NUMBER OF REU's:35
<br />APPLICANT: St. Clair Land Company NO. OF LOT FRONTAGES 35
<br />AREA:11 ACRES
<br />IMPROVEMENTS COST NOTES
<br />DEVELOPER IMPROVEMENT COSTS
<br />SITE GRADING $300,914
<br />EROSION CONTROL $22,683
<br />LANDSCAPING $35,000
<br />TRAFFIC CONTROL, BUILDING REMOVAL, SIGNS $26,886
<br />STREET, SIDEWALK, TRAIL $346,504
<br />STORM SEWER CONST.$137,807
<br />SANITARY SEWER CONST.$296,278
<br />WATERMAIN CONST.$184,631
<br />ENGINEERING & SURVEYING $31,500
<br />Total $1,382,203
<br />Letter of Credit Amount X 150%$2,073,305
<br />ESCROW FOR CITY COSTS
<br />PLANNING REVIEW $1,500
<br />ADMINISTRATION $41,470 3% of construction
<br />ENGINEER PLAN REVIEW $2,500
<br />ENGINEER CONSTRUCTION SERVICES $26,500
<br />PROJECT FINAL DOCUMENTS & CITY ENGINEER $4,500
<br />STREET LIGHT INSTALLATION $7,500 (3 lights) $2,500/Light
<br />STREET & STORMWATER MAINTENANCE $2,500
<br />PROPERTY TAXES $0 If final plat b/w July 1 & Dec 31
<br />BOULEVARD TREE PLANTING $18,430 (x tree) $485/ tree
<br />Total $104,900
<br />DEVELOPER FEES
<br />PARK DEDICATION $87,500 $2,500/res unit: $2,175/com ac
<br />PARK DEDICATION CREDIT (TRAIL)$0
<br />SEAL COATING FEE $14,322 $0.33/SF of road
<br />AERIAL PHOTO FEE $3,150 $90/Lot
<br />STREET LIGHTING OPERATION $315 (3 lights) $105/Light
<br />Total $105,287
<br />DEVELOPER FEES (LETTER OF CREDIT)
<br />TRUNK SEWER UNIT CHARGE $107,555 $3,073/REU
<br />TRUNK SEWER UNIT CHARGE CREDIT
<br />TRUNK WATER UNIT CHARGE $142,415 $4,069/REU
<br />TRUNK WATER UNIT CHARGE CREDIT
<br />Sub-Total $249,970
<br />SURFACE WATER MANAGEMENT AREA CHARGE $69,478 $0.145/SF of Development Area
<br />SURFACE WATER MANG'T AREA CHARGE CREDIT ($11,500)Credit 3 & 5
<br />Sub-Total $57,978
<br />Total $307,948 To Be Assessed
<br />Letter of Credit Amount X 35%$107,790
<br />SUMMARY OF COSTS
<br />DEVELOPER IMPROVEMENT COSTS $2,073,305 LETTER OF CREDIT
<br />ESCROW FOR CITY COSTS $104,900 CASH
<br />DEVELOPER FEES $105,287 CASH
<br />DEVELOPER FEES (LETTER OF CREDIT)$107,790 LETTER OF CREDIT
<br />EXHIBIT C
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