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1 /6/2022
<br />EXHIBIT C
<br />Securities, Escrows & Fees
<br />PROJECT: NATURE'S REFUGE NUMBER OF REU's: 61
<br />APPLICANT: M/I HOMES OF MINNEAPOLIS/ST. PAUL, LLC NO. OF LOT FRONTAGE 84
<br />AREA IN ACRES: 37
<br />IMPROVEMENTS COST
<br />DEVELOPER IMPROVEMENT COSTS (Public)
<br />SITE GRADING
<br />$817,950
<br />EROSION CONTROL
<br />$80,000
<br />LANDSCAPING
<br />$177,010
<br />TRAIL
<br />$77,000
<br />STREETS & TURN LANE
<br />$963,325
<br />STORM SEWER CONST.
<br />$553,300
<br />SANITARY SEWER CONST.
<br />$644,116
<br />WATERMAIN CONST.
<br />$867,854
<br />ENGINEERING & SURVEYING
<br />$83,611
<br />Total
<br />$4,264,166
<br />Letter of Credit Amount X 150%
<br />$6,396,249
<br />ESCROW for CITY'S COSTS
<br />PLANNING/ REVIEW
<br />$2,500
<br />ADMINISTRATION
<br />$127,930
<br />ENGINEER PLAN REVIEW
<br />$2,200
<br />ENGINEER CONSTRUCTION SERVICES
<br />$127,925
<br />PROJECT FINAL DOCUMENTS & CITY ENGINEER
<br />$2,500
<br />STREET LIGHT INSTALLATION
<br />$15,000
<br />STREET & STORMWATER MAINTENANCE
<br />$2,500
<br />PROPERTY TAXES
<br />$0
<br />TRAFFIC AND SIGNING IMPROVEMENTS
<br />$5,400
<br />BOULEVARD TREE PLANTING
<br />$40,740
<br />Total
<br />$326,695
<br />DEVELOPMENT FEES
<br />PARK DEDICATION
<br />$192,760
<br />PARK DEDICATION CREDIT
<br />($77,000)
<br />Subtotal Park Dedication Fee
<br />$115,760
<br />AUAR
<br />$0
<br />SEAL COATING FEE
<br />$0
<br />GIS MAPPING FEE
<br />$7,560
<br />STREET LIGHTING OPERATION
<br />$720
<br />Total
<br />$124,040
<br />TRUNK SANITARY SEWER
<br />TRUNK CHARGE PER UNIT $99,430
<br />AVAILABILITY CHARGE PER SAC UNIT $93,025
<br />TRUNK SANITARY SEWER CREDIT ($156,922)
<br />TRUNK WATERMAIN
<br />TRUNK CHARGE PER UNIT $142,801
<br />AVAILABILITY CHARGE PER SAC UNIT $89,853
<br />TRUNK WATERMAIN CREDIT ($204,400)
<br />TOTAL TRUNK SEWER & WATER FEES $63,787
<br />SURFACE WATER MANAGEMENT $275,058
<br />SURFACE WATER MANAGEMENT CREDIT $0
<br />TOTAL SURFACE WATER MANAGEMENT FEES $275,058
<br />Total $338,845
<br />Letter of Credit Amount X 35% $118,596
<br />SUMMARY OF SECURITIES, ESCROW & FEES
<br />SECURITY: DEVELOPER IMP'MENT COSTS
<br />$6,396,249
<br />ESCROW FOR CITY COSTS
<br />$326,695
<br />DEVELOPMENT FEES
<br />$124,040
<br />SECURITY: TRUNK FEES
<br />$338,845
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