Agenda - Council - 04/27/1993 - Laserfiche WebLink

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However, the construction costs is estimated to be One Hundred One Thousand Seven Hundred Fifteen Dollars and no/cents ($101,715.00). The DEVELOPER shall receive credit based upon reasonable unit prices, subject to the ,'tpproval of the City Engineer, associated with the actual constructions costs for the trunk sewer improvement plus Fifteen Thousand Six Hundred Fifty Dollars and no/cents ($15,650.00) to cover the plan preparation, inspection, permit fees, and final "as-built" pi;ms associated with this trunk sewer extension. In addition, tile DEVELOPER will receive credit for the difference in construction costs between a twelve (12) inch watermain and related appurtenances and an eight (8) inch watermain and related appurtenances. Tile estimated amount of this credit is Eighteen Thousand Dollars and no/cents ($18,000.00), however, the actual amount shall be determined by actual quantities applied to the following unit price differences between eight (g) and twelve (12) inch watem'mins: Item Watermain Gate valve with box Ductile and gray iron footings Unit Price $3.55 per foot $270.00 each $0.95 per lb. Upon completion of the construction, the actual costs of the project will be calculated and the amount due determined. The estimated sewer and water trunk charges due from the DEVELOPER, following above outlined credit, are estimated to be Seventy Thousand Four Hundred Eight Dollars and no/cents ($70,480.00). The DEVELOPER and CITY agree to have this amount specially assesed equally among the 123 residential lots. The DEVELOPER hereby agrees to waive all rights to a public hearing for said assessment as well as the right to contest the amount of the assessment. If it is determined by the City Attorney that such a special assessment cannot be made based upon legal requirements, then the DEVELOPER agrees to pay the entire amount owed in full within thirty (30) days of written request by the CITY. In the event the final trunk costs result in the DEVELOPER having a negative amount owed to the CITY, the CITY will remit the amount owed to the DEVELOPER within thirty (30) days of the final costs being certified by the City Council, except that in no event shall the amount exceed Twenty Five Thousand Dollars and no/cents ($25,000.00).