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ASSESSMENT AGREEMENT - CEDAR HILLS <br /> <br />ARTICLE IV <br /> <br />ESTIMATED CONSTRUCTION COST AND ESTIMATED ASSESSMENTS <br /> <br />The estimated construction cost of the Improvements, as estimated by the <br />City Engineer, is as follows: <br /> <br />Trunks (Sanitary and Water) <br /> Standard Trunk Charge* <br /> Special Trunk Assessment** <br />Sewer Lateral, Water Lateral, <br /> Stormwater, Streets and Trails, <br /> Park, Overhead*** <br /> <br />$154,698 <br />220,721 <br /> <br />195,684 <br /> <br />TOTAL ~71,103 <br /> <br />$1,357/1ot X i14 lots = $154,698 <br />Total Special Trunk Assessment is $515,015, assessed against all <br />properties within the TIF District (266 lots). <br />$1,936.15/lot X 114 lots = $220,721 <br />Total costs are $775,999, assuming development of 114 lots. Costs <br />are apportioned for lots in the current Plat: $5,929.82/1ot x 33 lots = <br />$195,684. <br /> <br />The estimated assessments in the amount of $571,103 shall be levied against <br />the Plat as follows: <br /> <br />Lot and Block <br /> <br />Total Estimated <br />Assessment <br /> <br />Lots through , Block $ 304,358 <br />Outlots __ 266 ~ 745 <br /> <br />$ 571,103 <br /> <br /> ARTICLE V <br /> <br /> TEMPORARY EASEMENT RIGHT TO INSTALL IMPROVEMENTS <br /> <br />The Developer, by signing this Assessment Agreement, gives the City right <br />of access on all of the Subject Property to install the Improvements referred <br />to herein. It is anticipated that the Developer will file the Plat in a timely <br />manner, which Plat will permanently provide right-of-way for the required <br />streets and utilities. <br /> <br />A-3 <br /> <br />I <br />I <br />I <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I' <br /> <br />I <br />I <br /> <br />I <br /> <br />I <br />I <br /> <br /> <br />