Common use of Street Improvements Clause in Contracts

Street Improvements. The distribution of costs between the City and the Developer for all street improvements being part of the Public Infrastructure Improvements are as follows: Full Project Cost Developer Amount City Participation Streets & Sidewalks $118,611 $118,611 $0.00 Erosion Control Items $48,059 $48,059 $0.00 Total Construction Cost $166,670 $166,670 $0.00 2.40 Summary of Infrastructure (Development) Costs Amounts Final Assurance Amount Water Facilities $649, 692 Sewer Facilities $339,174 Storm Drainage Facilities $503,179.18 Streets, Sidewalks & Erosion Control Improvements $166,670 Total Infrastructure Development Cost Amounts $1,658,715.18 Streets, Sidewalks & Erosion Control Improvements 3.5% $166,670 $5,833.45 Water 3.5% $649, 692 $22,739.22 Wastewater 3.5% $339,174 $11,871.09 Drainage 3.5% $503,179.18 $17,611.27 The final construction amount is $1,658,715.18, and the Public Improvement Inspection fee amount is $58,055.03, or $2500, whichever is higher. RECOMMENDED: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇, P. E. Date City Engineer

Street Improvements. The distribution of costs between the City and the Developer for all street improvements being part of the Public Infrastructure Improvements are as follows: Full Project Cost Developer Assurance Amount City Participation Streets & Sidewalks $118,611 1,251,315 $118,611 1,564,143.75 $0.00 Erosion Control Items $48,059 242,017 $48,059 302,521.25 $0.00 Total Construction Cost $166,670 1,493,332 $166,670 1,866,665 $0.00 2.40 Summary of Infrastructure (Development) Costs Amounts Final Assurance Amount Water Utility Facilities $649, 692 Sewer Facilities $339,174 1,714,121.25 Storm Drainage Facilities $503,179.18 1,028,341.25 Streets, Sidewalks & Erosion Control Improvements $166,670 1,866,665.00 Total Infrastructure Development Assurance Amounts (125% of Full Project Cost) $4,609,127.50 INSPECTION FEES TO BE PAID PRIOR TO PRE-CONSTRUCTION MEETING: Percentage Final of Construction Improvement Construction Cost Amounts $1,658,715.18 Amount Inspection Fee Streets, Sidewalks & Erosion Control Improvements 3.5% $166,670 1,493,332 $5,833.45 52,266.62 Water 3.5% $649, 692 689,151 $22,739.22 24,120.29 Wastewater 3.5% $339,174 682,146 $11,871.09 23,875.11 Drainage 3.5% $503,179.18 822,673 $17,611.27 28,793.56 Payment to the City $129,055.58 The final construction amount is [$1,658,715.183,687,302], and the Public Improvement Inspection fee amount is [$58,055.03, or $2500, whichever is higher129,055.58] (the “Final Fiscal Guaranty Amount”). RECOMMENDED: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇, P. E. Date City Engineer