2005-122 Council Resolution - Laserfiche WebLink

Home Search

ATTACHMENT B August 22, 2005 CITY FEES DEVELOPER INSTALLED IMPROVEMENTS PROJECT NAME: Foxborough APPLICANT: Royal Oaks Reality ITEM NECESSARY IMPROVEMENTS 1 PLANNING /REVIEW A. Plat Review Fee $3,500 b B. Planner Review Fee $3,500 b 2 ENGINEERING A. Plan /Plat/Grading Review $20,000 b B. Preparation of Plans & Specs. $0 b C. Construction Services $67,500 b D. Construction Staking $0 b E. City Engineering $27,500 b 3 ADMINISTRATION A. Administration Fee - 3% of const. $27,850 a B. Legal $1,000 b C. Publications $1,000 b 4 DEVELOPMENT FEES A. Park Dedication $0 d • B. Sealcoating Fee $32,000 a C. Aerial Photo Fee $90 /unit a D. Conservation Stewardship Fund $100,000 5 BOULEVARD TREE PLANTING $420 /frontage b 6 DEVELOPMENT SECURITIES NUMBER OF REU's: 57 ASSESSED AREA (ac.): 38 BUDGET DEVELOPER CITY ESCROW COST NOTE IMP. (X) IMP. (Y) AMOUNT (Z) A. Tree Preservation $85 /tree B. Street Lighting - installation $2,100 /ea C. Street Lighting - operation $240 /ea D. Traffic Signing $5,000 E. Street, St. Swr., Pond Maint. $790 F. Other - Property Tax, FEMA $0 SUBTOTALS: Grading -Only Credit TOTALS: SECURITY AMOUNTS TO BE POSTED X = DEV. IMPROVEMENT COSTS X 1.5 (LETTER OF CREDIT) Y = CITY IMPROVEMENT COSTS X 0.35 (LETTER OF CREDIT) Z = CITY FEE COSTS X 1.0 (CASH ESCROW) E: a: Cost by City policy b: Estimated Cost or Budget by City c: Previously Assessed d: Cash Requirement per Agreement with Park Board e: Provided by Developer 8/15/2005 b b b b b b $0 $0 $0 $0 Att. A Att. B $1,392,500 $0 $158,000 $0 $0 $301,500 $3,500 $3,500 $20,000 $0 $67,500 $0 $27,500 $27,850 $1,000 $1,000 $0 $32,000 $5,130 $100,000 $29,400 $5,950 $14,700 $1,680 $5,000 $790 $0 $346,500 $45,000 $301,500 Total $1,392,500 $158,000 $301,500 attachments 8- 22- 05.xls