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Shayla Denaway <br />May 22, 2023 <br />Page 5 <br />K:\020552-000\Admin\Docs\3. Phase 4_Cost Estimating\Hugo North Start Cost Estimating <br />052223.docx <br />maintenance measures may include mowing, supplemental seeding, spot herbicide <br />treatments, and prescribed burning. <br /> <br />Project Fees* <br />Title Opinion/Commitment $450 <br />Initial Easement Acquisition $1,000 <br />Title Insurance $3,000 <br />Final Easement Acquisition $2,400 <br />Initial Wetland Bank Deposit/Establishment Fee $1,000 <br />Wetland Credit Deposit Fee (Per Deposit) $1,000 <br />Data Logger Purchase $4,500 <br />*other project fees may apply <br /> <br /> <br /> <br />Summary <br /> <br />The North Star Wetland Bank site has the potential to create/restore approximately 123 acres of <br />wetland and upland buffer. Based on the concept plan, the bank may produce up to 70.235 <br />credits that the city will have available to sell assuming that all performance standards are met, <br />and all credits are released to the city. <br /> <br />Our initial cost estimate for establishing the bank is: <br />Engineering: Draft Prospectus $6,500 <br />Engineering: Prospectus $59,000-$64,000 <br />Engineering: MBI $61,000-$66,000 <br />Project Fees $12,000-$15,000 <br />Preliminary Construction Estimate: Ditch plugs, outlet control <br />structure, erosion control, mobilization <br />$60,000-$65,000 <br />Preliminary Construction Estimate: Restoration $250,000-$300,000 <br />Engineering: Construction Monitoring/Administration $35,000-$40,000 <br />Engineering: 5 Years of Monitoring/Reports $35,000-$40,000 <br />Long-Term Restoration Maintenance $10,000-$20,000/yr. <br /> <br /> <br /> <br />