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4/9/2021
<br />EXHIBIT B
<br />Securities, Escrows & Fees
<br />PROJECT: Watermark 4th Addition NUMBER OF REU's:92
<br />APPLICANT: US Home Corporation NO. OF LOT FRONTAGES 97
<br />AREA (Acres):27.5
<br />IMPROVEMENTS COST
<br />DEVELOPER IMPROVEMENT COSTS (Private)
<br />SITE GRADING $3,595,000
<br />EROSION CONTROL $109,000
<br />Total $3,704,000
<br />Letter of Credit Amount X 35%$1,296,400
<br />DEVELOPER IMPROVEMENT COSTS (Public)
<br />SITE GRADING $0
<br />EROSION CONTROL $15,000
<br />LANDSCAPING $128,300
<br />OPEN SPACE & WETLAND RESTORATION $150,568
<br />TRAIL $120,000
<br />STREETS $1,723,225
<br /> BRIDGE $400,000
<br /> TURN LANES $170,805
<br />STORM SEWER CONST.$470,492
<br />SANITARY SEWER CONST.$646,160
<br />WATERMAIN CONST.$765,860
<br />ENGINEERING & SURVEYING $91,808
<br />Total $4,682,218
<br />Letter of Credit Amount X 150%$7,023,327
<br />ESCROW for CITY'S COSTS
<br />PLANNING/ REVIEW $1,500
<br />ADMINISTRATION $140,470
<br />ENGINEER PLAN REVIEW $2,500
<br />ENGINEER CONSTRUCTION SERVICES $209,655
<br />PROJECT FINAL DOCUMENTS & CITY ENGINEER $5,500
<br />STREET LIGHT INSTALLATION $22,500
<br />STREET & STORMWATER MAINTENANCE $3,500
<br />PROPERTY TAXES $0
<br />TRAFFIC AND SIGNING IMPROVEMENTS $22,200
<br />BOULEVARD TREE PLANTING $0
<br />Total $406,325
<br />DEVELOPMENT FEES
<br />PARK DEDICATION $287,560
<br /> PARK DEDICATION CREDIT $327,000
<br />Subtotal Park Dedication Fee ($39,440)
<br />AUAR $7,406
<br />GIS MAPPING FEE $8,730
<br />STREET LIGHTING OPERATION $1,080
<br />Total $17,216
<br />TRUNK SANITARY SEWER
<br /> TRUNK CHARGE PER (ACRE OR UNIT)$149,960
<br /> AVAILABILITY CHARGE PER SAC UNIT $138,775
<br /> TRUNK SANITARY SEWER CREDIT $0
<br />TRUNK WATERMAIN
<br /> TRUNK CHARGE PER (ACRE OR UNIT)$215,372
<br /> AVAILABILITY CHARGE PER SAC UNIT $134,043
<br /> TRUNK WATERMAIN CREDIT ($165,530)
<br />TOTAL TRUNK SEWER & WATER FEES $472,620
<br />SURFACE WATER MANAGEMENT $224,777
<br />SURFACE WATER MANAGEMENT CREDIT $0
<br />TOTAL SURFACE WATER MANAGEMENT FEES $224,777
<br />Total $472,620
<br />Letter of Credit Amount X 35% $165,417
<br />SUMMARY OF SECURITIES, ESCROW & FEES
<br />SECURITY: DEVELOPER IMP'MENT COSTS $8,319,727
<br />ESCROW FOR CITY COSTS $406,325
<br />DEVELOPMENT FEES $241,993
<br />SECURITY: TRUNK FEES $165,417
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