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11/20/2018
<br />EXHIBIT C
<br />Securities, Escrows & Fees
<br />PROJECT: Watermark NUMBER OF REU's:193
<br />APPLICANT: US Home Corporation & Mattamy Minneapolis NO. OF LOT FRONTAGES 201
<br />IMPROVEMENTS COST
<br />DEVELOPER IMPROVEMENT COSTS (Public)
<br />SITE GRADING AND RESTORATION $0
<br />EROSION CONTROL $8,025
<br />LANDSCAPING AND NOISE WALL FENCE $166,680
<br />TRAIL $56,560
<br />STREETS $2,614,345
<br />TURN LANE $317,175
<br />STORM WATER REUSE $25,000
<br />STORM SEWER CONST.$1,069,717
<br />SANITARY SEWER CONST.$1,371,567
<br />WATERMAIN CONST.$1,126,841
<br />ENGINEERING & SURVEYING $143,700
<br />Total $6,899,610
<br />Letter of Credit Amount X 150%$10,349,415
<br />ESCROW for CITY'S COSTS
<br />PLANNING/ REVIEW $15,060
<br />ADMINISTRATION $206,990
<br />ENGINEER PLAN REVIEW $5,200
<br />ENGINEER CONSTRUCTION SERVICES $193,189
<br />PROJECT FINAL DOCUMENTS & CITY ENGINEER $5,000
<br />STREET LIGHT INSTALLATION $35,000
<br />STREET & STORMWATER MAINTENANCE $3,000
<br />PROPERTY TAXES $0
<br />TRAFFIC AND SIGNING IMPROVEMENTS $5,500
<br />BOULEVARD TREE PLANTING $0
<br />Total $468,939
<br />DEVELOPMENT FEES
<br />PARK DEDICATION $579,000
<br />PARK DEDICATION CREDIT ($56,560)
<br />Subtotal Park Dedication Fee $522,440
<br />AUAR $0
<br />SEAL COATING FEE $70,691
<br />GIS MAPPING FEE $17,370
<br />STREET LIGHTING OPERATION $1,470
<br />Total $611,971
<br />TRUNK SANITARY SEWER
<br /> TRUNK CHARGE PER ACRE $290,465
<br /> AVAILABILITY CHARGE PER SAC UNIT $271,744
<br /> TRUNK SANITARY SEWER CREDIT ($97,602)
<br />TRUNK WATERMAIN
<br /> TRUNK CHARGE PER ACRE $417,266
<br /> AVAILABILITY CHARGE PER SAC UNIT $262,480
<br /> TRUNK WATERMAIN CREDIT ($88,748)
<br />TOTAL TRUNK SEWER & WATER FEES $1,055,605
<br />Letter of Credit Amount X 35% $369,462
<br />SURFACE WATER MANAGEMENT $476,725
<br />SURFACE WATER MANAGEMENT CREDIT $0
<br />TOTAL SURFACE WATER MANAGEMENT FEES $476,725
<br />SUMMARY OF SECURITIES, ESCROW & FEES
<br />SECURITY: DEVELOPER IMP'MENT COSTS $10,349,415
<br />ESCROW FOR CITY COSTS $468,939
<br />DEVELOPMENT FEES $1,088,696
<br />SECURITY: TRUNK FEES $369,462
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