2005-11-03 List of Fees & Security Requirements
NOV-03-2005 09:55
P.03/04
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Letter of Credl1lnd cash Reaulrementr Towne Lakes 6th
A'bet1Yllle. 11&
Based on the development agrHlment for Town. Lakes rJh the following is a list of
fees and security requirements.
. Escrow for City Costs and Eng/Legal Fees (to be billed monthly) $0
. 3% administration Fee based on public utility and street estimate
($4n,5B7 x .03) $14.327.61
. City Invoice 02005312 Pre.-payment of 70 th St upgrade $144.474
. Letter of Credit for on and ofF site Improvements (50% of cost) $86.544
. Letter of Credit for future boulevard landscaping along 68th Street $5,600
. Letter of Credit for LandscapIng Improvements
(150% of estimated cost - 2', yr guarantee) $82.677
. Letter of Credit for Public Improvements
(100% of street & Utilities e:$timate) $471,587
. Sewer & Water Trunk fees
($1,400 & $1,200/acre) x 7.:37 acres III $19,162.00 less trunk credit of
$15,474.90. $3,687.10
Total Cash required to have c:ity sign
. Letter of Credit Total for final plat improvements
::: $112,488.71
;;: $652.408.00
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