Laserfiche WebLink
5/31/2019 <br />EXHIBIT C <br />Securities, Escrows & Fees <br />PROJECT: Saddle Club Fourth Addition NUMBER OF REU's:8 <br />APPLICANT: DuPont Holdings LLC NO. OF LOT FRONTAGES 9 <br />AREA (LOT 1 BLOCK 1):3.15 <br />IMPROVEMENTS COST <br />DEVELOPER IMPROVEMENT COSTS (Private) <br />SITE GRADING $0 <br />EROSION CONTROL $0 <br />LANDSCAPING $0 <br />STORM SEWER CONST.$0 <br />SANITARY SEWER CONST.$0 <br />WATERMAIN CONST.$0 <br />LIGHTING $0 <br />Total $0 <br />Letter of Credit Amount X 35%$0 <br />DEVELOPER IMPROVEMENT COSTS (Public) <br />SITE GRADING $40,000 <br />EROSION CONTROL $4,120 <br />LANDSCAPING $3,000 <br />TRAIL $15,000 <br />STREETS $99,653 <br />STORM SEWER CONST.$37,140 <br />SANITARY SEWER CONST.$25,250 <br />WATERMAIN CONST.$42,184 <br />ENGINEERING & SURVEYING $0 <br />Total $266,347 <br />Letter of Credit Amount X 150%$399,521 <br />ESCROW for CITY'S COSTS <br />PLANNING/ REVIEW $1,500 <br />ADMINISTRATION $8,000 <br />ENGINEER PLAN REVIEW $2,300 <br />ENGINEER CONSTRUCTION SERVICES $10,654 <br />PROJECT FINAL DOCUMENTS & CITY ENGINEER $2,200 <br />STREET LIGHT INSTALLATION $5,000 <br />STREET & STORMWATER MAINTENANCE $2,000 <br />PROPERTY TAXES $0 <br />TRAFFIC AND SIGNING IMPROVEMENTS $1,800 <br />BOULEVARD TREE PLANTING $4,365 <br />Total $37,819 <br />DEVELOPMENT FEES <br />PARK DEDICATION $24,000 <br />PARK DEDICATION CREDIT $0 <br />Subtotal Park Dedication Fee $24,000 <br />AUAR $0 <br />SEAL COATING FEE $6,912 <br />GIS MAPPING FEE $810 <br />STREET LIGHTING OPERATION $210 <br />Total $31,932 <br />TRUNK SANITARY SEWER <br /> TRUNK CHARGE PER (ACRE OR UNIT)$12,584 <br /> AVAILABILITY CHARGE PER SAC UNIT $11,768 <br /> TRUNK SANITARY SEWER CREDIT ($90,000) <br />TRUNK WATERMAIN <br /> TRUNK CHARGE PER (ACRE OR UNIT)$18,072 <br /> AVAILABILITY CHARGE PER SAC UNIT $11,368 <br /> TRUNK WATERMAIN CREDIT ($25,000) <br />TOTAL TRUNK SEWER & WATER FEES ($61,208) <br />SURFACE WATER MANAGEMENT $21,625 <br />SURFACE WATER MANAGEMENT CREDIT $0 <br />TOTAL SURFACE WATER MANAGEMENT FEES $21,625 <br />SUMMARY OF SECURITIES, ESCROW & FEES <br />SECURITY: DEVELOPER IMP'MENT COSTS $399,521 * <br />ESCROW FOR CITY COSTS $37,819 <br />DEVELOPMENT FEES $31,932 <br />SECURITY: SURFACE WATER MANAGEMENT $21,625 <br />TRUNK UTILITY CREDIT $61,208 ** <br />*Security was paid with Saddle Club 3rd Addition. No new security required. <br />**Per Saddle Club 3rd Addition Agreement, City to reimburse this cost