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ATTACHMENT B <br />CITY FEES <br />•DEVELOPER INSTALLED IMPROVEMENTS <br />PROJECT NAME: Vaughan Addition NUMBER OF REU's: 5 <br />APPLICANT: Mike Vaughan, LLC ASSESSED AREA (ac.): 2.91 <br />BUDGET DEVELOPER CITY ESCROW <br />ITEM NECESSARY IMPROVEMENTS COST NOTE IMP. (X) IMP. (Y) AMOUNT (Z) <br />1 PLANNING /REVIEW <br />A. Plat Review Fee $1,250 b $1 ,250 <br />B. Planner Review Fee $1,250 b $1,250 <br />2 ENGINEERING <br />A. Plan /Plat/Grading Review $2,500 b $2,500 <br />B. Preparation of Plans & Specs. $0 b $0 <br />C. Construction Services $10,000 b $10,000 <br />D. Construction Staking $0 b $0 <br />E. City Engineering $5,000 b $5,000 <br />3 ADMINISTRATION <br />A. Administration Fee 3% of const. a 54,500 <br />B. Legal $1,000 b $1,000 <br />C. Publications $1,000 b $1,000 <br />4 DEVELOPMENT FEES <br />IIIA. Park Dedication $2075 /each d $10,375 <br />B. Sealcoating Fee a $2,350 <br />C. Aerial Photo Fee $90 /unit a $450 <br />5 BOULEVARD TREE PLANTING $400 /frontage b $2,000 <br />6 DEVELOPMENT SECURITIES <br />A. Tree Preservation $80 /unit b $400 <br />B. Street Lighting - installation 52,000 b $4,000 <br />C. Street Lighting - operation $225 b $450 <br />D. Traffic Signing $500 b $500 <br />E. Street, St. Swr., Pond Maint. $975 b $975 <br />F. Other - Property Tax, FEMA $0 b $0 <br />TOTALS: $0 $0 $48,000 <br />SECURITY AMOUNTS TO BE POSTED Att. A Att. B Total <br />X = DEV. IMPROVEMENT COSTS X 1.5 (LETTER OF CREDIT) $225,000 $0 5225,000 <br />Y = CITY IMPROVEMENT COSTS X 0.35 (LETTER OF CREDIT) $11,000 $0 $11,000 <br />Z = CITY FEE COSTS X 1.0 (CASH ESCROW) $0 $48,000 $48,000 <br />NOTE a: Cost by City policy <br />• b: Estimated Cost or Budget by City <br />c: Previously Assessed <br />d: Cash Requirement per Agreement with Park Board <br />e: Provided by Developer <br />f: Estimate by Feasibility Study <br />- 8 1 - <br />4/4/2005 <br />Attachments.xls <br />