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PHEASANT HILLS PRESERVE 8th ADDITION <br />ASSESSMENT COMPUTATIONS: <br />Area and Unit Fund <br />Sanitary Sewer <br />Sewer Area Charge: 8.018 acres x $ 2,020.00 /acre = $16,196.36 <br />Sewer Connection Unit Charge: 16 units x $875.00 /unit = $14,000.00 <br />Watermain <br />Water Area Charge: 8.018 acres x $2,154.00 /acre = $17,270.77 <br />Water Connection Unit Charge: 16 units x $1,413.00 /unit = $22,608.00 <br />Surface Water Management Fund <br />Surface Water Management Charge <br />8.018 acres x 43,560sf /acre x $0.05 /sf = $17,463.20 <br />Wearing Course Fund <br />Negotiated Price in Development Agreement $7,800.00 <br />Per the developers request, the assessments were distributed equally among the 16 lots. <br />Interest Rate: 7.0% <br />Assessment Period: 15 years <br />