Agenda - Council - 06/14/1994 - Laserfiche WebLink

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Developer Costs for acquisition of 14250 Sunfish Lake Blvd. N.W.* Bj.tilding Acquisition - Lknd Acquisition (assumed residential bare land equivalent) E~timated demolition costs - ASsumed Public Improvement Costs @ 2.72 lots x $8,000 - $130,100.00 22,400.00 20,000.00 21,760.00 TOTAL OUTLAY D dlar Value To Developer for Land Acquired Ia'>t sales @ $26,000 x 2.72 lots - A, ti a cent lot value improvements (11 lots @ $6,500 each) - TOTAL GAIN ENHANCEMENT PROJECT SHORTFAIJ J $194,260.00 /5? $70,720.00 $71,500.00 $142,220.00 $52,040.00 *Sufficient amount of property to increase number of lots in Plat by 2.72. In addition, the DEVELOPER shall be credited the incremental cost of oversizing the watermMh running down 142nd Lane N.W. The amount of the credit shall be the estimated! "' · difference in the installation costs of an' eight (8) inch and twelve (12) inch watermai~. The DEVELOPER agrees to accept a Two Thousand Five Hundred Dollar and no ce~ts ($2,500.00) credit as compensation for the watermain oversiz2ng. The DEV,ELOPER shall also be credited the incremental cost of constructing the 8 foot wide bitu~finous trail beyond the east plat boundary to Tungsten Street N.W., parallel to County R(bad #116. The DEVELOPER shall pay sewer and water trunk charges for thirty-three (33) single family uni/ts created by this Plat. Each unit shall be responsible for the current sanitary sewer trur~ charge of Four Hundred and Sixty-Six Dollars and no cents ($466.00) per unit and the wSterma/n trunk charge of One Thousand and Thirty Seven Dollars and no cents ($1,037.00.) per unit. Thus, the trunk charge for these 33 single family units is Forty Nine Thousand Five Hundred Ninety Nine Dollars and no cents ($49,599.00).