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SAVONA 3RD ADDITION Time of Performance: October 31, 2016DEVELOPMENT AGREEMENT AMOUNTSCATEGORY CONSTRUCTION 125% REMARKS #1 #2 #3 #4 #5 #6 #7 #8Grading (Separate Grading Agreement) $127,000 $127,000Sanitary Sewer $345,301 $431,626100%$215,813 $107,907 $107,907Watermain $503,113 $628,891100%$314,446 $157,223 $157,223Streets $1,168,007 $1,460,009100%$730,004 $365,002 $365,002Surface Water Facilities $333,140 $416,425100%$208,213 $104,106 $104,106Erosion Control $133,732 $167,165100%$125,374 $41,791Sidewalks/Trails Included in Streets Included in StreetsStreet Lighting NA NABy Xcel EnergyStreet Signs and Traffic Control Signs Included in Streets Included in StreetsLandscaping $95,218 $119,023100%$89,267 $29,756Tree Preservation and Restoration NA NAWetland Mitigation and Buffers NA NALOC Through VBWDMonuments $6,000 $7,500100%$5,625 $1,875Miscellaneous Facilities NA NARecord Drawings $6,500 $8,125100%$6,094 $2,031TOTALS $2,591,011 $3,365,764RELEASED AMOUNTS:$1,468,476 $392,129 $502,095 $104,106 $89,267 $265,129 $29,756 $514,806CUMMULATIVE AMOUNTS:$1,468,476 $1,860,605 $2,362,700 $2,466,806 $2,556,073 $2,821,202 $2,850,958 $3,365,764SECURITY AMOUNT REMAINING:$1,897,288 $1,505,159 $1,003,064 $898,958 $809,691 $544,562 $514,806 $0DATE: 12/20/2016 1/16/2018 2/5/2019 9/3/2019 12/3/2019 2/4/2020 5/2/2023 8/7/2024REDUCTIONS
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