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Parcel Description. Area Allocation % Assessment Amount <br /> Lot 1, Block 1 86.436 acres 60% $1,014,006.34 <br /> Outlot B 45.196 acres 33% $563,751.00 <br /> Outlot D 9.621 acres 7% $123,320.00 <br /> Total $1,701,077.34 <br /> The composition of the maximum amount of Project Costs is set forth as listed below: <br /> Estimated Improvement Costs <br /> Street and Trail Improvement -Bunker Lake Extension $429,133.32 <br /> Drainage Improvements - Bunker Lake $113,176.31 <br /> Sanitary Sewer- Bunker Lake $135,096.73 <br /> Watermain Extension Bunker Lake Blvd. $246,717.05 <br /> Puma Street Surfacing& Trail $247,351.74 <br /> Sub-total $1,171,475.15 <br /> 5% Contingency $58,573.76 <br /> Sub-total $1,230,048.91 <br /> Engineerine Costs <br /> Developer Construction Engineering Fee $64,363.59 <br /> Design Engineering Fee $85,000.00 <br /> 3% for City Construction Administration $35,144.25 <br /> Sub-total $184,507.84 <br /> Allocation of Development Fees <br /> Sanitary Sewer Trunk Fee $70,374.44 <br /> Stormwater Trunk Fee $103,137.15 <br /> Water Trunk Fee $215,497.27 <br /> Trail Development Fee $58,043.00 <br /> Sub-total $447,051.86 <br /> Dirt Road Elimination Program ($160,531.28) <br /> Grand Total $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 /> Page 14 of 16 <br />