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Shayla Denaway <br />May 22, 2023 <br />Page 3 <br />K:\020552-000\Admin\Docs\3. Phase 4_Cost Estimating\Hugo North Start Cost Estimating <br />052223.docx <br /> <br /> <br /> <br /> <br />Table 2. Revenue potential based on draft prospectus credit allocation and performance of <br />the site. <br /> <br />Assumption: Receive credit allocation for full acreage of site <br />Credit Cost (/SF) Credit Cost (/ac) Total Credits Credit Sales <br />$1.00 $43,560.00 70.2350 $3,059,436.60 <br />$1.50 $65,340.00 70.2350 $4,589,154.90 <br />$2.00 $87,120.00 70.2350 $6,118,873.20 <br /> <br />Assumption: Receive credit for fewer acres. <br />Credit Cost (/SF) Credit Cost (/ac) Total Credits Credit Sales <br />$1.00 $43,560.00 50.000 $2,178,000 <br />$1.50 $65,340.00 50.000 $3,267,000 <br />$2.00 $87,120.00 50.000 $4,356,000 <br /> <br />Table 3. Projected credit allocations if whole site is delineated wetland. <br />Credit Area Proposed Credit <br />Action <br />Credit <br />Allocation <br />Acres Credit Amount <br />Wetland Restoration via <br />Re-establishment <br />(3) <br />100 19.6 19.6000 <br />Wetland Enhancement (4B) 33 98.71 32.5743 <br />Upland Upland Buffer 25 5.12 1.2800 <br />Total 123.43 53.4543 <br /> <br /> <br />Wetland Bank Development and Construction Cost Estimate <br /> <br />WSB has been requested by the City of Hugo to development a holistic cost estimate <br />representing the costs necessary to complete the wetland bank application and developme nt <br />process, construction, and monitoring. The wetland bank process includes the submittal of a draft <br />prospectus document, prospectus document, and mitigation banking instrument. The cost <br />estimate breakdown is included in Appendix B and is based on the draft prospectus concept. <br />The cost estimate does not include the fees or construction costs. Most of the fees are outlined at <br />the bottom of the budget spreadsheet in Appendix B. Basic construction estimates are included <br />in Appendix C. <br /> <br />Task 1: Draft Prospectus (Scoping Document) <br />The city has completed this task by submitting the draft prospectus document detailing the project <br />concept plan. Comments were received from the IRT regarding the proposed project. <br /> <br />Task 2: Prospectus Document <br />1. Soil and site characteristics investigation.