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Parcel Description <br />Lot 1, Block 1 <br />Outlot B <br />Outlot D <br />Total <br />Area <br />86.436 acres <br />45.196 acres <br />9.621 acres <br />Allocation % <br />60% <br />33% <br />7% <br />Assessment Amount <br />$1,014,006.34 <br />$563,751.00 <br />$123,320.00 <br />$1,701,077.34 <br />The composition of the maximum amount of Project Costs is set forth as listed below: <br />Estimated Imnrovement Costs <br />Street and Trail Improvement - Bunker Lake Extension <br />Drainage Improvements - Bunker Lake <br />Sanitary Sewer - Bunker Lake <br />Watermain Extension Bunker Lake Blvd. <br />Puma Street Surfacing & Trail <br />5% Contingency <br />EnEineerine Costs <br />Developer Construction Engineering Fee <br />Design Engineering Fee <br />3% for City Construction Administration <br />Allocation of Development Fees <br />Sanitary Sewer Trunk Fee <br />Stormwater Trunk Fee <br />Water Trunk Fee <br />Trail Development Fee <br />Dirt Road Elimination Program <br />Sub -total <br />Sub -total <br />Sub -total <br />Sub -total <br />Grand Total <br />$429,133.32 <br />$113,176.31 <br />$135,096.73 <br />$246,717.05 <br />$247,3 51.74 <br />$1,171,475.15 <br />$58,573.76 <br />$1,230,048.91 <br />$64,363.59 <br />$85,000.00 <br />$35,144.25 <br />$184,507.84 <br />$70,3 74.44 <br />$103,137.15 <br />$215,497.27 <br />$58,043.00 <br />$447,051.86 <br />($160,531.281 <br />$1,701,077.34 <br />4. Waiver by Owner. The Assessments levied under Section 3 above shall be <br />deemed adopted on the date this Agreement is signed by the City. Owner, by signing this <br />Agreement, acknowledges that the Property is benefited by the Stage I City Improvements in an <br />amount at least equal to the amount of the Project Costs, and hereby unconditionally waives all <br />ALPHA DEVELOPMENT/Legacy Christian Academy <br />Development Contract <br />Page14of16 <br />