HomeMy WebLinkAbout#10 Developer LOC reduction disc memo & attachmentsMAYOR AND COUNCIL COMMUNICATION
DATE: 12/1/15
REGULAR
ITEM #: 10
MOTION
AGENDA ITEM: Request to decrease letter of credit for Robert Engtrom Company
SUBMITTED BY: Clark Schroeder
THROUGH: Clark Schroeder
REVIEWED BY: Jack Griffin
SUGGESTED ORDER OF BUSINESS:
- Introduction of Item .................................................................................................... Staff
- Report/Presentation .................................................................................................... Staff - Questions from Council to Staff ............................................................ Mayor Facilitates
- Public Input, if Appropriate ................................................................... Mayor Facilitates - Call for Motion .............................................................................. Mayor & City Council - Discussion ..................................................................................... Mayor & City Council
- Action on Motion .................................................................................. Mayor Facilitates
PUBLIC POLICY STATEMENT POSSIBLE CHANGE IN DEVELOPER LETTER OF CREDIT
POLICY
SUMMARY AND ACTION REQUESTED:
Staff has been approached by Robert Engstrom to allow a decrease in letter of credit for the Wildflower
development in advance of any reduction that would otherwise be allowed through the current development
agreement. This is not an atypical request by developers and is something which council could consider
changing the policy. Instead of just addressing Mr. Engstrom’s request it is appropriate for council to
consider the overall policy and if any changes should be addressed.
BACKGROUND AND STAFF REPORT: This is a summary of Mr. Engstroms’s request, which could
apply to a number of different developers.
A letter of credit was given to the City of Lake Elmo in the amount of $3,440,831 by the Robert Engstrom
Companies for the Wildflower development to protect the city’s interest in case the company faltered or
failed to complete the infrastructure required to support the development. Of this amount $1,711,104 was
required to secure the watermain, sanitary sewer and storm sewer, and storm water pond structure
installation.
Mr. Engstrom is requesting a reduction in the letter of credit in the amount of $1,236,826.96; an amount Mr. Engstrom has determined to represent 100% of the sanitary sewer, watermain, and storm sewer for
the phase 1 development. Based upon an initial security in the amount of 125% of the estimated costs,
this reduction in letter of credit would leave $309,206.72 related to the utilities for any warranty
corrections. The difference in the amount of letter of credit addition relates to different estimates of the
cost of utility installation and different engineers. The current policy requires 25% of the initial security to
be held through the warranty period.
Mr. Engstrom is requesting a reduction in the letter of credit in advance of any reduction that would
otherwise be allowed through the current development agreement. The current development agreement
requires not only the full installation of each infrastructure component, but also all testing and verification
procedures to ensure the installation is constructed as planned (the quality control processes). The current
development agreement therefore identifies various letter of credit reduction milestones that align with the
completion of the quality control review processes for each infrastructure component. Mr. Engstrom, along
with other developers, continue to request letter of credit reductions once the infrastructure component is
installed in the field, but before the quality control review processes have been completed. They cite
difficulties with the additional waiting time since they need to make payments to the contractors for the
work installed.
Mr. Engstrom has not yet provided a record plan or an as built record for the city to verify the proper
installation of the utilities, including the correct depth, correct grade, and at the correct location. It is not
uncommon after a record plan is submitted for engineering to identify some corrections to be made. This
would be the responsibility of the developer to correct. The only case in which a letter of credit would be
utilized to correct errors would be if the developer failed to make them and the city was left completing the
project on its own.
Given the frequency of the request, staff is looking for council direction as it relates to the processing of
letter of credit reduction requests. If so directed by council, policy changes could be implemented to reduce
the letters of credit upon the installation of the infrastructure component at 100% installed, but not verified.
Since the city has not yet received a record plan or in some cases completed testing, it is hard for staff to
give a recommended exact dollar amount to decrease the security. Staff is unable at this point to certify to
the city the acceptance of the improvement.
However, the developers are asking, does the city need to retain 100% of the letter of credit until the
completion of the verification processes? They believe the city has adequate security to address issues that
may arise.
City staff, if so directed by council could, suggest policy changes which would allow partial decreases in
letters of credit.
RECOMMENDATION:
Staff recommends the City Council … take the following action / with the following motion:
Move to direct staff to propose changes to development agreements that would allow decreases in
letters of credit.
ATTACHMENT(S):
Wildflower at Lake Elmo reduction request & Wildflower LOC utilities.
November 17, 2015 Clark Schroeder City Administrator Lake Elmo Re: Wildflower at Lake Elmo LOC Clark: As a follow up of my previous letter and conversation, we are requesting the amount of $1,236,826.96 for a letter of credit reduction for our
Wildflower at Lake Elmo Development.
The engineers estimate for this amount is attached. This represents the
100% completion of the installation of the sanitary sewer, water and storm
sewer. 25% of the Letter of Credit or $309,206.72 is still remaining on the
LOC which certainly is enough for any issues on a project where there are
two city inspectors.
As I mentioned before, because of the FDIC stringent requirements for bank
balancing, the lender is unable to release any funds to pay the contractor
until the LOC is reduced.
Please call if you need any further information.
Thank you.
Bob Engstrom
952-893-1001
Item # Contract Item Unit Unit Price Quantity Amount
SS-1 8" PVC SDR 35, 10'-12' Depth LF $30.25 922 $27,890.50
SS-2 8" PVC SDR 35, 12'-14' Depth LF $30.25 565 $17,091.25
SS-3 8" PVC SDR 35, 14'-16' Depth LF $30.25 204 $6,171.00
SS-4 8" PVC SDR 35, 16'-18' Depth LF $30.25 601 $18,180.25
SS-5 8" PVC SDR 35, 18'-20' Depth LF $30.25 210 $6,352.50
SS-6 8" PVC SDR 26, 10'-12' Depth LF $37.75 114 $4,303.50
SS-7 8" PVC SDR 26, 14'-16' Depth LF $37.75 70 $2,642.50
SS-8 8" PVC SDR 26, 16'-18' Depth LF $37.75 261 $9,852.75
SS-9 8" PVC SDR 26, 18'-20' Depth LF $37.75 48 $1,812.00
SS-10 8" PVC SDR 26, 20'-22' Depth LF $37.75 82 $3,095.50
SS-11 8" PVC SDR 26, 22'-24' Depth LF $37.75 35 $1,321.25
SS-12 8" PVC SDR 26, 24'-26' Depth LF $44.00 22 $968.00
SS-13 10" PVC SDR 26, 14'-16' Depth LF $58.00 55 $3,190.00
SS-14 10" PVC SDR 26, 16'-18' Depth LF $58.00 736 $42,688.00
SS-15 10" PVC SDR 26, 18'-20' Depth LF $58.00 390 $22,620.00
SS-16 10" PVC SDR 26, 20'-22' Depth LF $58.00 37 $2,146.00
SS-17 4" PVC SDR 26 Service Pipe LF $13.50 3,235 $43,672.50
SS-18 4" PVC Clean Outs EA $135.00 4 $540.00
SS-19 4" PVC SDR 26 Riser Pipe VF $17.00 163 $2,771.00
SS-20 8"x4" PVC Service WYE EA $105.00 52 $5,460.00
SS-21 10"x4" PVC Service WYE EA $210.00 18 $3,780.00
SS-22 Sanitary Sewer Manhole (0'-10' Depth) EA $2,334.00 23 $53,682.00
SS-23 Sanitary Sewer Manhole Extra Depth VF $95.00 92.81 $8,816.95
SS-24 Televise Sanitary Sewer LF $2.00 4,315 $8,630.00
SS-25 Sanitary Sewer Test LF $0.50 4,315 $2,157.50
SS-26 4" PVC C-900 Force Main LF $23.50 450 $10,575.00
Total Sanitary Sewer Estimate Amount $310,409.95
ENGINEER'S ESTIMATE
FOR
UTILITY AND STREET CONSTRUCTION
WILDFLOWER AT LAKE ELMO - 1st PHASE
IN
LAKE ELMO, MN
November 17, 2015
Plan Date: 08-25-15 - contract pricing
Section A1 - Sanitary Sewer - 1st Phase
Bid Estimate
Item # Contract Item Unit Unit Price Quantity Amount
SS2-1 10" PVC SDR 26, 16'-18' Depth LF $58.00 75 $4,350.00
SS2-2 10" PVC SDR 26, 18'-20' Depth LF $58.00 78 $4,524.00
SS2-3 10" PVC SDR 26, 20'-22' Depth LF $58.00 128 $7,424.00
SS2-4 10" PVC SDR 26, 22'-24' Depth LF $58.00 182 $10,556.00
SS2-5 Sanitary Sewer Manhole (0'-10' Depth) EA $2,334.00 1 $2,334.00
SS2-6 Sanitary Sewer Manhole Extra Depth VF $95.00 11.66 $1,107.70
SS2-7 Televise Sanitary Sewer LF $2.00 463 $926.00
SS2-8 Sanitary Sewer Test LF $0.50 463 $231.50
SS2-9 Connect to Existing EA $1,600.00 1 $1,600.00
Total Sanitary Sewer Estimate Amount $33,053.20
Item # Contract Item Unit Unit Price Quantity Amount
SS3-1 8" PVC SDR 26, 20'-22' Depth LF $37.75 79 $2,982.25
SS3-2 10" PVC SDR 26, 20'-22' Depth LF $58.00 106 $6,148.00
SS3-3 10" PVC SDR 26, 22'-24' Depth LF $58.00 87 $5,046.00
SS3-4 Sanitary Sewer Manhole (0'-10' Depth) EA $2,334.00 2 $4,668.00
SS3-5 Sanitary Sewer Manhole Extra Depth VF $95.00 24.10 $2,289.50
SS3-6 Televise Sanitary Sewer LF $2.00 272 $544.00
SS3-7 Sanitary Sewer Test LF $0.50 272 $136.00
Total Sanitary Sewer Estimate Amount $21,813.75
Item # Contract Item Unit Unit Price Quantity Amount
WM-1 6" D.I.P. Class 52 LF $26.50 138 $3,657.00
WM-2 8" D.I.P. Class 52 LF $32.00 4,586 $146,752.00
WM-3 12" D.I.P. Class 52 LF $50.00 587 $29,350.00
WM-4 Fire Hydrant w/6" Gate Valve EA $4,890.00 12 $58,680.00
WM-5 D.I.P. Fittings LB $1.75 7,040 $12,320.00
WM-6 1" Corporation Stop EA $108.00 71 $7,668.00
WM-7 1" Curb Stop & Box EA $166.00 71 $11,786.00
WM-8 1" Copper (Type-K) Service Pipe LF $16.50 3,235 $53,377.50
WM-9 8" Gate Valve & Box EA $1,426.00 13 $18,538.00
WM-10 12" Gate Valve & Box EA $2,900.00 2 $5,800.00
WM-11 Watermain Test LS $4,822.00 1 $4,822.00
WM-12 4" Ridgid Insulation SF $3.00 448 $1,344.00
Total Watermain Estimate Amount $354,094.50
Bid Estimate
Section B1 - Watermain - 1st Phase
Section A3 - Sanitary Sewer - Entrance Road STA:0+00 to 1+94.17
Bid Estimate
Section A2 - Sanitary Sewer - Entrance Road STA:-5+50 to 0+00
Bid Estimate
Item # Contract Item Unit Unit Price Quantity Amount
WM2-1 6" D.I.P. Class 52 LF $26.50 23 $609.50
WM2-2 8" D.I.P. Class 52 LF $32.00 550 $17,600.00
WM2-3 12" D.I.P. Class 52 LF $50.00 182 $9,100.00
WM2-4 Fire Hydrant w/6" Gate Valve EA $4,890.00 2 $9,780.00
WM2-5 D.I.P. Fittings LB $1.75 1,500 $2,625.00
WM2-6 8" Gate Valve & Box EA $1,426.00 2 $2,852.00
WM2-7 12" Gate Valve & Box EA $2,900.00 2 $5,800.00
WM2-8 Connect To Existing Watermain EA $500.00 1 $500.00
WM2-9 Watermain Test LS $2,000.00 1 $2,000.00
WM2-10 4" Ridgid Insulation SF $3.00 128 $384.00
Total Watermain Estimate Amount $51,250.50
Item # Contract Item Unit Unit Price Quantity Amount
ST-1 12" RCP Class 5 LF $28.00 606 $16,968.00
ST-2 15" RCP Class 5 LF $29.00 2,487 $72,123.00
ST-3 18" RCP Class 5 LF $31.50 352 $11,088.00
ST-4 21" RCP Class 4 LF $34.00 452 $15,368.00
ST-5 24" RCP Class 3 LF $36.50 250 $9,125.00
ST-6 27" RCP Class 3 LF $45.00 1,400 $63,000.00
ST-7 30" RCP Class 3 LF $51.00 144 $7,344.00
ST-8 33" RCP Class 3 LF $66.00 22 $1,452.00
ST-9 36" RCP Class 3 LF $67.50 246 $16,605.00
ST-10 15" FES w/Trash Guard EA $800.00 12 $9,600.00
ST-11 18" FES w/Trash Guard EA $903.00 2 $1,806.00
ST-12 24" FES w/Trash Guard EA $1,300.00 4 $5,200.00
ST-13 30" FES w/Trash Guard EA $1,450.00 2 $2,900.00
ST-14 36" x 24" Catch Basin EA $1,551.00 20 $31,020.00
ST-15 48" Catch Basin Manhole (0'-10' Depth) EA $2,704.00 26 $70,304.00
ST-16 48" Manhole (0'-10' Depth) EA $2,650.00 4 $10,600.00
ST-17 48" Manhole Extra Depth VF $99.00 9.39 $929.61
ST-18 60" Catch Basin Manhole (0'-10' Depth) EA $4,126.00 3 $12,378.00
ST-19 60" Manhole (0'-10' Depth) EA $3,677.00 2 $7,354.00
ST-20 60" Manhole Extra Depth VF $154.00 18.70 $2,879.80
ST-21 72" Catch Basin Manhole (0'-10' Depth) EA $6,204.00 2 $12,408.00
ST-22 72" Manhole (0'-10' Depth) EA $5,035.00 1 $5,035.00
ST-23 72" Manhole Extra Depth VF $210.00 5.44 $1,142.40
ST-24 48" Pond Control Structure EA $4,100.00 4 $16,400.00
ST-25 60" Pond Control Structure EA $4,600.00 1 $4,600.00
ST-26 RIP RAP Class III CY $75.00 72 $5,392.50
ST-27 Catchbasin Inlet Protection & Maintained (Grass) EA $200.00 9 $1,800.00
ST-28 Catchbasin Inlet Protection & Maintained (Street) EA $100.00 40 $4,000.00
ST-29 4" PVC Slotted Drain Tile (Fittings Incidental) -Streets LF $8.00 2,364 $18,912.00
ST-30 4" Drain Tile Clean Out EA $75.00 24 $1,800.00
ST-31 Plug Stub/Opening EA $500.00 2 $1,000.00
Total Storm Sewer Estimate Amount $440,534.31
Bid Estimate
Section B2 - Watermain - Entrance Road
Bid Estimate
Section C1 - Storm Sewer - 1st Phase
Item # Contract Item Unit Unit Price Quantity Amount
ST2-1 12" RCP Class 5 LF $28.00 26 $728.00
ST2-2 15" RCP Class 5 LF $29.00 562 $16,298.00
ST2-3 18" RCP Class 5 LF $31.50 52 $1,638.00
ST2-4 21" RCP Class 4 LF $34.00 205 $6,970.00
ST2-5 21" FES w/Trash Guard EA $1,200.00 1 $1,200.00
ST2-6 36" x 24" Catch Basin EA $1,551.00 2 $3,102.00
ST2-7 48" Catch Basin Manhole (0'-10' Depth) EA $2,704.00 4 $10,816.00
ST2-8 48" Manhole (0'-10' Depth) EA $2,650.00 2 $5,300.00
ST2-9 RIP RAP Class III CY $75.00 7 $532.50
ST2-10 Catchbasin Inlet Protection & Maintained (Street) EA $100.00 6 $600.00
ST2-11 Connect to Existing EA $300.00 1 $300.00
Total Storm Sewer Estimate Amount $47,484.50
Item # Contract Item Unit Unit Price Quantity Amount
ST3-1 15" RCP Class 5 LF $29.00 704 $20,416.00
ST3-2 18" RCP Class 5 LF $31.50 135 $4,252.50
ST3-3 36" RCP Class 3 LF $67.50 237 $15,997.50
ST3-4 54" RCP Class 3 LF $150.00 93 $13,950.00
ST3-5 15" FES w/Trash Guard EA $800.00 1 $800.00
ST3-6 54" FES w/Trash Guard EA $3,250.00 1 $3,250.00
ST3-7 48" Catch Basin Manhole (0'-10' Depth) EA $2,704.00 3 $8,112.00
ST3-8 48" Manhole (0'-10' Depth) EA $2,650.00 1 $2,650.00
ST3-9 60" Catch Basin Manhole (0'-10' Depth) EA $4,126.00 1 $4,126.00
ST3-10 60" Manhole Extra Depth VF $154.00 9.1 $1,401.40
ST3-11 78" Catch Basin Manhole (0'-10' Depth) EA $6,324.00 1 $6,324.00
ST3-12 78" Manhole Extra Depth VF $291.00 4.8 $1,382.25
ST3-13 84" Catch Basin Manhole (0'-10' Depth) EA $6,661.00 1 $6,661.00
ST3-14 84" Manhole (0'-10' Depth) EA $6,511.00 1 $6,511.00
ST3-15 84" Manhole Extra Depth VF $325.00 9.9 $3,217.50
ST3-16 48" Pond Control Structure EA $4,100.00 1 $4,100.00
ST3-17 RIP RAP Class III CY $75.00 25 $1,875.00
ST3-18 Catchbasin Inlet Protection & Maintained (Grass) EA $200.00 3 $600.00
ST3-19 Catchbasin Inlet Protection & Maintained (Street) EA $100.00 3 $300.00
Total Storm Sewer Estimate Amount $105,926.15
Section C2 - Storm Sewer - Entrance Road
Bid Estimate
Section C3 - Storm Sewer - Basin 3N Outlet
Bid Estimate
Item # Contract Item Unit Unit Price Quantity Amount
RD-1 Mobilization EA $37,778.00 2.00 $75,556.00
RD-2 Subgrade Preparation SY $0.95 24,801 $23,560.95
RD-3 12" Select Granular Borrow (MnDOT 3149.2B) SY $6.18 24,584 $151,929.12
RD-4 Additional 12" Select Granular Borrow (MnDOT 3149.2B) SY $5.23 0 $0.00
RD-5 Additional Geotextile Fabric (xxx) SY $1.75 0 $0.00
RD-6 Additional Subcut Street for Additional Street Section CY $2.80 0 $0.00
RD-7 6" Class 5 100% Crushed Stone Aggregate (MnDOT 3138) SY $4.25 21,065 $89,526.25
RD-8 2" Non-Wearing Bit Base (MnDOT 2360) SY $7.20 16,284 $117,244.80
RD-9 Tack Coat (MnDOT 2357) GL $2.05 950 $1,947.50
RD-10 2" Bit Wearing Course (MnDOT 2360) SY $7.70 16,284 $125,386.80
RD-11 ACCESS DRIVE Subgrade Preparation SY $0.95 1,004 $953.80
RD-12 ACCESS DRIVE 12" Select Granular Borrow (MnDOT 3149.2B) SY $6.18 950 $5,871.00
RD-13 ACCESS DRIVE 6" Class 5 100% Crushed Stone Aggregate (MnD SY $4.25 895 $3,803.75
RD-14 ACCESS DRIVE 2" Non-Wearing Bit Base (MnDOT 2360) SY $7.20 841 $6,055.20
RD-15 ACCESS DRIVE Tack Coat (MnDOT 2357) GL $2.05 42 $86.10
RD-16 ACCESS DRIVE 2" Bit Wearing Course (MnDOT 2360) SY $7.70 841 $6,475.70
RD-17 Concrete Mountable Curb & Gutter LF $10.55 6,648 $70,136.40
RD-18 Concrete B618 Curb & Gutter LF $10.55 6,955 $73,375.25
RD-19 Adjust Gate Valve Box EA $115.00 14 $1,610.00
RD-20 Adjust Catch Basin Casting EA $115.00 44 $5,060.00
RD-21 Adjust Manhole Casting EA $425.00 28 $11,900.00
RD-22 Backfill Curb & Gutter and Grade Boulevard LF $1.30 13,603 $17,683.90
RD-23 Sod 3' Behind Back of Curb SY $3.70 4,534 $16,775.80
RD-24 Install Bituminous Wedge LF $3.85 13,603 $52,371.55
RD-25 Remove Bituminous Wedge LF $1.90 13,603 $25,845.70
RD-26 3-4" PVC Conduit X-ing EA $1,068.00 10 $10,680.00
RD-27 5" Concrete Sidewalk w/ 4" Select Granular Base SY $35.00 2,452 $85,820.00
RD-28 Ped Ramp EA $797.00 32 $25,504.00
RD-29 2 1/4" Trail Bituminous (Main Site) SY $11.00 6,457 $71,027.00
RD-30 8" Trail Class 5 (Main Site) SY $6.20 7,217 $44,745.40
RD-31 3" Trail Bituminous (C.R.-17 R/W) SY $16.50 533 $8,794.50
RD-32 8" Trail Class 5 (C.R.-17 R/W) SY $6.20 596 $3,695.20
RD-33 Street Name Signs (Plates) EA $330.00 10 $3,300.00
RD-34 Stop Signs (R1-1) EA $280.00 4 $1,120.00
RD-35 No Parking Signs (R8-3A) EA $150.00 17 $2,550.00
RD-36 Keep Right Signs (R4-7) & (X4-2) EA $150.00 1 $150.00
RD-37 Type 3 Barricades w/ Future Street Sign EA $306.00 10 $3,060.00
RD-38 Structure Markers EA $77.00 12 $924.00
RD-39 Wetland Buffer /Conservation Area Signs EA $77.00 10 $770.00
Total Street Estimate Amount $1,145,295.67
Bid Estimate
Section D1 - Streets - 1st Phase
Item # Contract Item Unit Unit Price Quantity Amount
RD2-1 Mobilization EA $4,718.00 2.00 $9,436.00
RD2-2 Subgrade Preparation SY $0.95 2,632 $2,500.40
RD2-3 12" Select Granular Borrow (MnDOT 3149.2B) SY $6.18 2,554 $15,783.72
RD2-4 Additional 12" Select Granular Borrow (MnDOT 3149.2B) SY $5.23 2,432 $12,719.36
RD2-5 Additional Geotextile Fabric (xxx) SY $1.75 2,432 $4,256.00
RD-6 Additional Subcut Street for Additional Street Section CY $2.80 811 $2,270.80
RD2-4 6" Class 5 100% Crushed Stone Aggregate (MnDOT 3138) SY $4.25 2,477 $10,527.25
RD2-5 2" Non-Wearing Bit Base (MnDOT 2360) SY $7.20 2,034 $14,644.80
RD2-6 Tack Coat (MnDOT 2357) GL $2.05 136 $278.80
RD2-7 2" Bit Wearing Course (MnDOT 2360) SY $7.70 2,034 $15,661.80
RD2-8 Concrete B618 Curb & Gutter LF $10.55 1,350 $14,242.50
RD2-9 Adjust Gate Valve Box EA $115.00 5 $575.00
RD2-10 Adjust Catch Basin Casting EA $115.00 6 $690.00
RD2-11 Adjust Manhole Casting EA $425.00 4 $1,700.00
RD2-12 Backfill Curb & Gutter and Grade Boulevard LF $1.30 1,350 $1,755.00
RD2-13 Sod 3' Behind Back of Curb SY $3.70 450 $1,665.00
RD2-14 Install Bituminous Wedge LF $3.85 1,350 $5,197.50
RD2-15 Remove Bituminous Wedge LF $1.90 1,350 $2,565.00
RD2-16 3-4" PVC Conduit X-ing EA $1,068.00 2 $2,136.00
RD2-17 Ped Ramp EA $797.00 2 $1,594.00
RD2-18 2 1/4" Trail Bituminous (Entrance) SY $11.00 631 $6,941.00
RD2-19 8" Trail Class 5 (Entrance) SY $7.95 6,364 $50,593.80
RD2-20 Street Name Signs (Plates) EA $330.00 4 $1,320.00
RD2-21 Stop Signs EA $280.00 2 $560.00
RD2-22 Bituminous Milled Lap Joint LF $10.00 78 $780.00
Total Street Estimate Amount $180,393.73
Total Sanitary Sewer Estimate Amount $310,409.95
Total Watermain Estimate Amount $354,094.50
Total Storm Sewer Estimate Amount $440,534.31
Total Street Estimate Amount $1,145,295.67
TOTAL AMOUNT $2,250,334.43
$1,105,038.76
Utility and Streets Per Lot @ 60 Lots $37,505.57
Total Sanitary Sewer Estimate Amount $33,053.20
Total Watermain Estimate Amount $51,250.50
Total Storm Sewer Estimate Amount $47,484.50
Total Street Estimate Amount $180,393.73
TOTAL AMOUNT $312,181.93
$131,788.20
GRAND TOTAL AMOUNT $2,562,516.36
$1,236,826.96
Utility and Streets Per Lot @ 60 Lots $42,708.61
Total Entrance Road Utility Amount
Grand Total Utility Amount
Entrance Road
Section D2 - Streets - Entrance Road STA: -5+50 to 1+94.17
Bid Estimate
1st Phase
Total Phase 1 Utility Amount