Agenda - Council - 09/13/2016 - Laserfiche WebLink

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Parcel Description Area Allocation % Assessment Amount Lot 1, Block 1 86.436 acres 60% $1,014,006.34 Outlot B 45.196 acres 33% $563,751.00 Outlot D 9.621 acres 7% $123,320.00 Total $1,701,077.34 The composition of the maximum amount of Project Costs is set forth as listed below: Estimated Improvement Costs Street and Trail Improvement - Bunker Lake Extension Drainage Improvements - Bunker Lake Sanitary Sewer - Bunker Lake Watermain Extension - Bunker Lake Blvd. Puma Street Surfacing & Trail 5% Contingency Engineerins Costs Developer Construction Engineering Fee Design Engineering Fee 3% for City Construction Administration Allocation of Development Fees Sanitary Sewer Trunk Fee Stormwater Trunk Fee Water Trunk Fee Trail Development Fee Dirt Road Elimination Program Sub -total Sub -total Sub -total Sub -total Grand Total $429,133.32 $113,176.31 $13 5,096.73 $246,717.05 $247,3 51.74 $1,171,475.15 $58,573.76 $1,230,048.91 $64,363.59 $85,000.00 $35,144.25 $184,507.84 $70,374.44 $103,137.15 $215,497.27 $58.043.00 $447,051.86 ($160,531.28) $1,701,077.34 4. Waiver by Owner. The Assessments levied under Section 3 above shall be deemed adopted on the date this Agreement is signed by the City. Owner, by signing this Agreement, acknowledges that the Property is benefited by the Stage I City Improvements in an amount at least equal to the amount of the Project Costs, and hereby unconditionally waives all procedural and substantive objections to the Assessment, including without limitation any right to a hearing and any right to appeal the levying of the Assessment.