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Agenda - Planning Commission - 09/07/2017
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Agenda - Planning Commission - 09/07/2017
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3/21/2025 10:28:51 AM
Creation date
12/28/2017 9:12:05 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Planning Commission
Document Date
09/07/2017
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PAXMA R© <br />Project Cost Comparison North Fork Meadows <br />Description R-1 - 66 units /unit PUD - 149 units /unit <br />Hard Cost - Grading, Pipe, Roads, Etc. $ 2,300,000.00 $ 34,848.48 $ 2,300,000.00 $ 15,436.24 <br />10% City Escrow Fee $ 230,000.00 $ 3,484.85 $ 230,000.00 $ 1,543.62 <br />Puma St. Extension $ 800,000.00 $ 12,121.21 $ 800,000.00 $ 5,369.13 <br />10% City Escrow Fee $ 80,000.00 $ 1,212.12 $ 80,000.00 $ 536.91 <br />Engineering $ 330,000.00 $ 5,000.00 $ 521,500.00 $ 3,500.00 <br />City Fees $ 458,502.00 $ 6,947.00 $ 1,035,103.00 $ 6,947.00 <br />I $ 4,198,502.00 I $ 63,613.67 I $ 4,966,603.00 I $ 33,332.91 I <br />The cost of each project is substantially similar, regardless of the product developed. The only major deviations are the City Fees <br />and Engineering, which are based per unit. <br />Our proposal significantly lowers the per unit costs to a point where it is fiscally feasible to move forward. <br />*Costs do not include any profit margin for the developer or Land cost <br />
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