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necessary to establish the railroad crossing. The Developer paid $63,000 out of the estimated <br />$193,000 to the City for its share of the estimated cost railroad crossing improvements with the <br />final plat of Easton Village 1st Addition, $16,902 with the final plat of Easton Village 2nd Addition, <br />$24,897 with the final plat of Easton Village 3rd Addition and $21,230 for Easton Village 4 th <br />Addition. <br />A The amount of the cash payment for Easton Village 5th Addition shall be <br />$42,460.00, which was calculated as follows: $193,000 (Easton Village's share <br />of the estimated project costs multiplied by 22% (48 Lots / 217 Lots in all <br />phases)= $42,460.00. <br />B. The calculation for future railroad crossing costs has been determined as <br />follows: <br />Parcel ID(s) Percentage Total Costs <br />Easton Village <br />13.029.21.14.0002 38.6% $193,000 <br />13.029.21.42.0001 <br />13.029.21.41.0001 <br />13.029.21.13.0001 <br />13.029.21.43.0004 17.8% $89,000 <br />13.029.21.44.0002 <br />13.029.21.12.0001 30.2% $151,000 <br />13.029.21.14.0002 <br />13.029.21.24.0001 13.4% $67,000 <br />Totals 100% $500,000 <br />C. If the construction amount of the railroad crossing installation exceeds <br />$500,000, the additional cost shall be allocated proportionally to the parcels listed above upon <br />consent of all property owners and the City. The City may participate in the additional costs of <br />construction of the railroad crossing if it is deemed to be necessary as a matter of public <br />18