02-14-2022 Council Packet - Laserfiche WebLink

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2/11/2022 EXHIBIT B Securities, Escrows & Fees PROJECT: NorthPointe 8th Addition NUMBER OF REU's: 72 APPLICANT: INH Property Management, Inc. NO. OF LOT FRONTAGES 0 AREA (ACRES): 4.5 IMPROVEMENTS COST DEVELOPER IMPROVEMENT COSTS (Private) SITE GRADING $231,550 EROSION CONTROL $8,800 LANDSCAPING $94,835 PARKING LOT $189,600 STORM SEWER CONST. $95,439 SANITARY SEWER CONST. $21,585 WATERMAIN CONST. $35,925 LIGHTING $20,000 Total $697,734 Letter of Credit Amount X 35% $244,207 ESCROW for CITY'S COSTS PLANNING/ REVIEW ADMINISTRATION ENGINEER PLAN REVIEW ENGINEER CONSTRUCTION SERVICES PROJECT FINAL DOCUMENTS & CITY ENGINEER STREET LIGHT INSTALLATION STREET & STORMWATER MAINTENANCE PROPERTY TAXES TRAFFIC AND SIGNING IMPROVEMENTS BOULEVARD TREE PLANTING $1,500 $20,940 $2,500 $13,955 $5,500 $0 $1,500 $0 $0 $0 Total $45,895 DEVELOPMENT FEES PARK DEDICATION $227,520 PARK DEDICATION CREDIT $0 Subtotal Park Dedication Fee $227,520 AUAR $0 GIS MAPPING FEE $6,480 STREET LIGHTING OPERATION $0 Total $234,000 TRUNK SANITARY SEWER TRUNK CHARGE PER (ACRE OR UNIT) $117,360 AVAILABILITY CHARGE PER SAC UNIT $109,800 TRUNK SANITARY SEWER CREDIT $0 TRUNK WATERMAIN TRUNK CHARGE PER (ACRE OR UNIT) $168,552 AVAILABILITY CHARGE PER SAC UNIT $106,056 TRUNK WATERMAIN CREDIT $0 TOTAL TRUNK SEWER & WATER FEES $501,768 SURFACE WATER MANAGEMENT $44,987 SURFACE WATER MANAGEMENT CREDIT $0 TOTAL SURFACE WATER MANAGEMENT FEES $44,987 Total $546,755 SUMMARY OF SECURITIES, ESCROW & FEES SECURITY: DEVELOPER IMP'MENT COSTS $244,207 ESCROW FOR CITY COSTS $45,895 DEVELOPMENT FEES $234,000 SECURITY CASH: TRUNK FEES $546,755