HomeMy WebLinkAbout6.h. Approval of Subdivision Agreement for Prestwick Place TownhomesEXECUTIVE SUMMARY
City Council Meeting: March 20, 2018
AGENDA ITEM: Approval of Subdivision Agreement for
Prestwick Place Townhomes
AGENDA SECTION:
Consent
PREPARED BY: Kyle Klatt, Senior Planner AGENDA NO. 6.h.
ATTACHMENTS: Subdivision Agreement, Final Plat APPROVED BY: LJM
RECOMMENDED ACTION: Motion to Approve Subdivision Agreement for Prestwick
Place Townhomes and Authorize the Mayor and City Clerk to enter into the Agreement.
ISSUE
The City Council approved a final plat for Prestwick Place Townhomes on April 18, 2017, and included a
condition of approval requiring the Dakota County CDA to enter into a subdivision agreement with the
City concerning the proposed improvements. Because the CDA did not expect to build any of the 40
townhouse units associated with the project in 2017, the City and CDA held off on preparing an
agreement until now. A draft agreement is attached for consideration by the City Council, and includes
the following highlights:
•The City will construct approximately 600 feet of Addison Avenue from the southern boundary of
the Greystone subdivision to the eastern edge of the Dakota County CDA property in Prestwick
Place.
•The interior roads will be privately owned and maintained, with public utilities (sewer and water)
serving the individual buildings.
•Construction of the road is expected to begin later this spring.
•The CDA will be pulling building permits for the townhouse units later this year or in early 2019.
RECOMMENDATION
Recommend approval of the attached subdivision agreement.
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SUBDIVISION AGREEMENT
Prestwick Place Townhomes
AGREEMENT dated this ________ day of ________________________, 2018, by and between the
CITY OF ROSEMOUNT, a Minnesota municipal corporation, (the "City"), and DAKOTA COUNTY
COMMUNITY DEVELOPMENT AGENCY, a ___________________________________________________,
(the "Developer").
1. Request for Plat Approval. The Developer has asked the City to approve the subdivision of land
and a plat of land to be known as Prestwick Place Townhomes, which land is legally described on
ATTACHMENT ONE, attached hereto and hereby made a part hereof (hereinafter referred to as the
“subject property”).
2. Conditions of Plat Approval. The City has approved the subdivision and the plat on the following
conditions:
a. Incorporation of recommendations of the City Engineer concerning design and installation of
public and private infrastructure, and including grading, erosion control, streets and utilities.
b. Execution of a Subdivision or Development Agreement to secure the public and private
improvements.
c. Payment of all applicable fees including GIS, Park Dedication and other fees identified in the
current fee schedule.
d. Incorporation of any easements necessary to accommodate drainage, ponding, trails,
underpasses, conservation areas, streets and utilities.
e. Dedication of 30-foot right-of-way or a roadway easement over Outlot N to accommodate the
construction of Addison Avenue (Street 16).
3. Phased Development. The City may refuse to approve final plats of subsequent additions of the
plat if the Developer has breached this Agreement and the breach has not been remedied.
Development of subsequent phases may not proceed until Subdivision Agreements for such phases
are approved by the City.
4. Effect of Subdivision Approval. For two (2) years from the date of this Agreement, no
amendments to the City's Comprehensive Plan, except an amendment placing the plat in the current
urban service area, or official controls shall apply to or affect the use, development density, lot size,
lot layout or dedications of the approved plat unless required by state or federal law or agreed to in
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writing by the City and the Developer. Thereafter, notwithstanding anything in this Agreement to the
contrary, to the full extent permitted by state law, the City may require compliance with any
amendments to the City's Comprehensive Guide Plan, official controls, platting or dedication
requirements enacted after the date of this Agreement.
5. Development Plans. The subject property shall be developed in accordance with the following
plans, specifications and contract documents, original copies of which are on file with the City
Engineer. The plans and contract documents may be prepared, subject to City approval, after
entering this Agreement, but before commencement of any work on the Subject Property. If the
plans vary from the written terms of this Agreement, the written terms shall control. The plans are:
Plan A - Plat
Plan B - Soil Erosion Control Plan and Schedule
Plan C - Drainage and Storm Water Runoff Plan
Plan D - Plans and Specifications for Public and Private Improvements
Plan E - Grading Plan and House Pad Elevations
Plan F - Street Lights
Plan G - Landscape Improvements
All Improvements, including Developer Improvements and City-Installed Public Infrastructure
Improvements (if any) that lie within the public right-of-way or easements and are improvements
listed in Minnesota Statutes, Section 429.021 (hereinafter the Improvements) will be designed by the
Developer at the Developer’s expense, and approved by the City Engineer. The Developer will
prepare plans and specifications for the Improvements and will perform all construction
administration for the Improvements, all at Developer expense. Construction administration
includes but is not limited to documentation, as-builts, surveying, field staking, and testing. The City
Engineer will perform inspection services at Developer’s expense.
6. Installation by Developer. The Developer shall install or cause to be installed and pay for the
following, hereinafter referred to as the “Developer Improvements”:
A. Surveying and staking
B. Surface improvements (paved streets, sidewalks, trails, etc.)
C. Water main improvements
D. Sanitary sewer improvements
E. Storm sewer improvements
F. Setting of lot and block monuments
G. Gas, electric, telephone, and cable lines
H. Site grading
I. Landscaping
J. Streetlights
K. Other items as necessary to complete the development as stipulated herein or in other
agreements
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7. Time of Performance. The Developer shall install all required improvements enumerated in
Paragraph 6 that will serve the subject property by October 31, 2018, subject to delays due to
inclement weather, casualty, labor strikes, material shortages, or other force majeure not within the
Developer’s reasonable control. The Developer may, however, request an extension of time from the
City. If an extension is granted, it shall be conditioned upon updating the security posted by the
Developer to reflect cost increases and the extended completion date.
8. City-Installed Public Infrastructure. The following improvements, hereinafter referred to as “City-
Installed Public Infrastructure Improvements” (known as City Project 2017-06), shall be designed,
inspected, surveyed and administered by the City, and installed in the Subject Property at Developer
expense by a Contractor selected by the City through the public bidding process:
A. None
9. [This Section Intentionally Left Blank]
10. Security for Developer Improvements. To guarantee compliance with the terms of this Agreement,
payment of the costs of all Developer Improvements, and construction of all Developer
Improvements (as noted in Paragraph 6), the Developer shall furnish the City with a cash deposit or
irrevocable letter of credit from a local bank (“security”) in the amount of Nine Hundred Forty-One
Thousand, Two Hundred Thirty-Six Dollars ($941,236). The amount of the security was calculated as
follows:
Cost 110%
Grading & Erosion Control $25,000 $27,500
Pond Restoration and Erosion Control Removal $25,000 $27,500
Survey Monumentation $20,000 $22,000
Retaining Wall and Fence $41,250 $45,375
Landscaping (174 trees) $52,200 $57,420
Street Lighting (5 lights) $20,000 $22,000
Cost 125%
Surface Improvements $204,344 $255,429
Water Main Improvements $102,487 $128,109
Sanitary Sewer Improvements $75,444 $94,305
Storm Sewer Improvements $209,278 $261,598
Total $775,003 $941,236
Refer to Exhibit A and Exhibit B for an explanation of each item.
The bank and form of the letter of credit or other security shall be subject to the approval of the City
Administrator. The letter of credit shall be automatically renewable until the City releases the
developer from responsibility. The letter of credit shall secure compliance with all terms of this
Agreement and all obligations of the Developer under it. The City may draw down on the letter of
credit without notice if the obligations of the Developer have not been completed as required by this
Agreement. In the event of a default under this Subdivision Agreement by the Developer, the City
shall furnish the Developer with written notice by certified mail of Developers default(s) under the
terms of this Subdivision Agreement. If the Developer does not remove said default(s) within two (2)
weeks of receiving notice, the City may draw on the letter of credit and take such steps as it deems
necessary to remedy the default. With City approval, the letter of credit may be reduced from time to
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time as financial obligations are paid and Developer Improvements and other Developer obligations
are completed to the City’s requirements.
11. Grading Plan/Site Grading. Site grading shall be completed by the Developer at its cost and
approved by the City Engineer. The completion of grading activities will need to be coordinated by
the City in conjunction with the installation of utilities. Developer shall furnish the City Engineer
satisfactory proof of payment for the site grading work and shall submit a certificate of survey of the
development to the City as the site grading is completed by phase, with street and lot grades. If the
installation of utilities by the City is occurring simultaneously with the grading, the utility contractor
shall have preference over the grading activities. No substantial grading activities can be completed
over installed utilities unless otherwise protected. All improvements to the lots and the final grading
shall comply with the grading plan as submitted and shall be the responsibility of the Developer.
12. License. The Developer hereby grants the City, its agents, employees, officers and contractors a
license to enter the Subject Property to perform all work and inspections deemed appropriate by the
City. Such license shall terminate as to all residential lots within the subject property upon acceptance
by the City of the public infrastructure improvements.
13. Erosion Control. Prior to site grading, and before any utility construction is commenced or building
permits are issued, the erosion control plan, Plan B, shall be implemented, inspected and approved by
the City. All areas disturbed by the excavation and backfilling operations shall be reseeded within 72
hours after the completion of the work in that area. Except as otherwise provided in the erosion
control plan, seed shall be rye grass or other fast-growing seed suitable to the existing soil to provide a
temporary ground cover as rapidly as possible. All seeded areas shall be mulched and disc-anchored as
necessary for seed retention.
All basement and/or foundation excavation spoil piles shall be kept completely off City right-of-way
and shall be completely surrounded with an approved erosion control silt fence. Approved erosion
control fencing shall be installed around the perimeter of each lot or at City-approved locations at the
time of building permit issuance and remain in place until the lot is seeded or sodded. A 20-foot
opening will be allowed on each lot for construction deliveries.
The parties recognize that time is critical in controlling erosion. If development does not comply with
the erosion control plan and schedule, or supplementary instructions received from the City, the City
may take such action as it deems appropriate to control erosion. This right also applies to the required
erosion control for basement and/or foundation excavation spoil piles. The City will attempt to
notify the Developer in advance of any proposed action, but failure of the City to do so will not affect
the Developer’s or City’s rights or obligations hereunder. If the Developer does not reimburse the
City for any cost the City incurred for such work within thirty (30) days, the City may draw down the
letter of credit to pay any costs. No development will be allowed, and no building permits will be
issued unless the Subject Property is in full compliance with the erosion control requirements.
14. Planting and Seeding. Landscaping shall be in accordance with Landscape Plans approved by the
City Planner.
15. Clean up. The Developer shall clean streets of dirt and debris that has resulted from construction
work by the Developer, its agents or assignees. The City will inspect the site on a weekly basis and
determine whether it is necessary to take additional measures to clean dirt and debris from the streets.
After a 24-hour verbal notice to the Developer, the City will complete or contract to complete the
clean-up at the Developer’s expense in accordance with the procedures specified in Paragraph 13. The
Developer shall inspect and, if necessary, clean all catch basins, sumps, and ponding areas of
erosion/siltation and restore to the original condition at the end of home construction within this
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development. All silt fence and other erosion control should be removed following the establishment
of turf. These items are to be secured through the letter of credit as is noted in Exhibit A.
16. Ownership of Improvements. Upon completion and City acceptance of the work and construction
required by this Agreement, the Public Improvements lying within public rights-of-way and easements
shall become City property without further notice or action unless the improvements are specifically
identified herein as private infrastructure. Sanitary sewer, storm sewer, water main and streets and
other surface improvements are considered Private Improvements.
17. Warranty. The Developer warrants all work required to be performed by it against poor material and
faulty workmanship for a period of two (2) years after its completion and acceptance by the City or
such longer period as is specified in plans and specifications prepared by the City Engineer for
Developer Improvements that are Public Improvements. All trees, grass and sod shall be warranted
to be alive, of good quality and disease free for twenty-four (24) months after planting. Vegetation
surrounding ponds and/or wetlands shall be warranted to be alive, of good quality and weed free for
three (3) years after planting. For each pond/wetland in the development, the developer shall provide
to the City Engineer an inspection report by July 31 each year which includes the following:
A. Date of inspection
B. Name of person responsible for inspection
C. Photos of the pond/wetland area confirming the vegetation is established as intended
D. Maintenance plan describing the required maintenance activities and tentative schedule.
18. Responsibility for Costs.
A. Except as otherwise specified herein, the Developer shall pay all costs incurred by it or the City
in conjunction with the development of the Subject Property including, but not limited to, Soil
and Water Conservation District charges, legal, planning, engineering and inspection expenses
incurred in connection with approval and acceptance of the subdivision and the plat, the
preparation of this Agreement and any amendments hereto, and all costs and expenses incurred
by the City in monitoring and inspecting the development of the Subject Property.
B. The Developer shall hold the City and its officers and employees harmless from claims made by
itself and third parties for damages sustained or costs incurred resulting from plat or subdivision
approval and development of the Subject Property, except for any costs or expenses arising
from the negligence or other wrongful acts or omissions of the City, it’s agents, employees or
contractors. The Developer shall indemnify the City and its officers and employees for all costs,
damages or expenses that the City may pay or incur in consequence of such claims, including
attorney’s fees.
C. The Developer shall reimburse the City for costs incurred in the preparation and enforcement of
this Agreement, including engineering and attorney’s fees. Upon request, the City shall provide
invoices, in reasonable detail, as to any such fees. The estimated City fees of $73,555 shall be
deposited with the City at the time this Agreement is signed, and represent the following
amounts:
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$10,000 Engineering Review Fees (estimate – to be used to reimburse the City for
actual review expenses)
$29,578 Construction Monitoring Fees (estimate – 5% of construction costs – to be
used to reimburse the City for actual construction monitoring expenses)
$2,000 Attorney Fees (estimate – to be used to reimburse the City for actual legal
expenses)
$29,578 5% City Fees (non -refundable – based on estimate of construction costs of
$591,553)
$2,400 GIS Fees (non -refundable)
$73,555 Total Amount Due
If the actual City fees exceed this estimate, the Developer shall pay the additional costs to the
City within ten (10) days of the request. If actual City fees are lower than this estimate, any
surplus funds will be returned to the developer when the project fund is reconciled and closed.
D. The Developer shall pay in full all bills submitted to it by the City for obligations incurred under
this Agreement within thirty (30) days after receipt. If the bills are not paid on time, the City
may halt development work and construction including, but not limited to, the issuance of
building permits for lots that the Developer may or may not have sold, until the bills are paid in
full. Bills not paid within thirty (30) days shall accrue interest at the rate of nine percent (9%)
per year.
E. The Developer shall pay all energy costs for street lights installed within the Subject Property.
19. The Developer agrees to pay fees, charges and assessments set forth in this Section prior to, or at the
time of execution of any plat by the City:
A. Storm Sewer Trunk Area Charges in the amount of $43,112
B. Sanitary Sewer Trunk Area Charges in the amount of $6,751
C. Watermain Trunk Area Charges in the amount of $40,820
D. Payment for the construction of Akron Avenue, Connemara Trail, and Addison Avenue in the
amount of $102,068 as noted in Exhibit C.
Or other amounts for such fees as in effect at the time of plat approval.
20. The Developer understands that builders will be required to pay for the Subject Property fees, charges
and assessments in effect at the time of issuance of building permits. The rates for each of these items
will be set according to the current rate structure at the time the building permit is received. The fees,
charges, and assessments in effect as of the date of this agreement are:
A. Metropolitan Council Environmental Services Availability Charges per SAC unit (current rate is
$2,485).
B. Storm Sewer Connection Charges per single family unit and per multiple family unit (single
family currently at $770; multi-family currently at $290 per housing unit).
C. Sanitary Sewer Availability Charges per SAC unit (currently at $1,200/SAC unit).
D. Water Availability Charges per SAC unit (currently at $2,400 /SAC unit for single family
residential and multi-family residential).
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E. Park Dedication Fee in the amount of $114,000 ($2,850 per housing unit, to be paid as a lump
sum for all 40 units before the first building permit is issued).
21. Building Permits. No occupancy permits shall be issued until:
A. The site grading is completed and approved by the City.
B. All utilities are tested, approved by the City Engineer, and in service.
C. All curbing is installed and backfilled.
D. The first lift of bituminous is in place and approved by the City.
E. All building permit fees are paid in full.
F. No early building permits will be issued.
The Developer, in executing this Agreement, assumes all liability and costs for damage or delays
incurred by the City in the construction of the Improvements caused by the Developer, its employees,
contractors, subcontractors, material men or agents. No occupancy permits shall be issued until the
streets and utilities referred to in paragraph 6 are installed and approved by the City (excluding the
final wear course of bituminous), unless otherwise authorized in writing by the City Engineer.
22. Record Drawings. At project completion, Developer shall submit record drawings of all public and
private infrastructure improvements in accordance with the City’s Engineering Guidelines. No
securities will be fully released until all record drawings have been submitted and accepted by the City
Engineer.
23. Developer’s Default. In the event of default by the Developer as to any of the work to be
performed by it hereunder, the City may, at its option, perform the work and the Developer shall
promptly reimburse the City for any expense incurred by the City, provided the Developer is first
given notice of the work in default, not less than 48 hours in advance. This Agreement is a license for
the City to act, and it shall not be necessary for the City to seek a court order for permission to enter
the land. When the City does any such work, the City may, in addition to its other remedies, draw on
the letter of credit or other security described in section 10, or levy the cost in whole or in part as a
special assessment against the Subject Property. Developer waives its rights to notice of hearing and
hearing on such assessments and its right to appeal such assessments pursuant to Minnesota Statutes,
Section 429.081.
24. Miscellaneous.
A. The Developer represents to the City that the development of the Subject Property, the
subdivision and the plat comply with all city, county, metropolitan, state and federal laws and
regulations including, but not limited to: subdivision ordinances, zoning ordinances and
environmental regulations. If the City determines that the subdivision, or the plat, or the
development of the Subject Property does not comply, the City may, at its option, refuse to
allow construction or development work on the Subject Property until the Developer does
comply. Upon the City’s demand, the Developer shall cease work until there is compliance.
B. Third parties shall have no recourse against the City under this Agreement.
C. Breach of the terms of this Agreement by the Developer shall be grounds for denial of building
permits, including lots sold to third parties.
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D. If any portion, section, subsection, sentence, clause, paragraph or phase of this Agreement is for
any reason held invalid, such decision shall not affect the validity of the remaining portion of
this Agreement.
E. If building permits are issued prior to the completion and acceptance of the Improvements, the
Developer assumes all liability and costs resulting in delays in completion of the Improvements
and damage to the Improvements caused by the City, the Developer, its contractors,
subcontractors, material men, employees, agents or third parties.
F. The action or inaction of the City shall not constitute a waiver or amendment to the provisions
of this Agreement. To be binding, amendments or waivers shall be in writing, signed by the
parties and approved by written resolution of the City Council. The City’s failure to promptly
take legal action to enforce this Agreement shall not be a waiver or release.
G. This Agreement shall run with the land and may be recorded against the title to the subject
property. The Developer shall take such steps, including execution of amendments to this
Agreement, as are necessary to effect the recording hereof. After the Developer has completed
the work required of it under this Agreement, at the Developer’s request, the City will execute
and deliver to the Developer a release.
H. Each right, power or remedy herein conferred upon the City is cumulative and in addition to
every other right, power or remedy, express or implied, now or hereafter arising, available to the
City, at law or in equity, or under any other agreement, and each and every right, power and
remedy herein set forth or otherwise so existing may be exercised from time to time as often and
in such order as may be deemed expedient by the City and shall not be a waiver of the right to
exercise at any time thereafter any other right, power or remedy.
I. The Developer may not assign this Agreement without the written permission of the City
Council.
25. Notices. Required notices to the Developer shall be in writing, and shall be either hand delivered to
the Developer, its employees or agents, or mailed to the Developer by registered mail at the following
address:
Tony Schertler, Executive Director
Dakota County Community Development Agency
1228 Town Centre Drive
Eagan, MN 55123
651-675-4432
tschertler@dakotacda.state.mn.us
Notices to the City shall be in writing and shall be either hand delivered to the City Administrator, or
mailed to the City by registered mail in care of the City Administrator at the following address:
City Administrator
Rosemount City Hall
2875 145th Street West
Rosemount, Minnesota 55068
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IN WITNESS WHEREOF, the parties have hereunto set their hands the day and year first above
written.
CITY OF ROSEMOUNT
BY:
William H. Droste, Mayor
BY:
Erin Fasbender, City Clerk
STATE OF MINNESOTA )
) SS
COUNTY OF DAKOTA )
The foregoing instrument was acknowledged before me this day of _____________________, 2018,
by William H. Droste, Mayor, and Erin Fasbender, City Clerk, of the City of Rosemount, a
Minnesota municipal corporation, on behalf of the corporation and pursuant to the authority granted
by its City Council.
Notary Public
DAKOTA COUNTY COMMUNITY DEVELOPMENT AGENCY
BY: ___________________________________________
Its
BY: ___________________________________________
Its
STATE OF MINNESOTA )
) SS
COUNTY OF _____________)
The foregoing instrument was acknowledged before me this day of ______________________, 2018
by __ , its ______________________________________, and
_____________________________, its_________________________________ ________________ of
Dakota County Community Development Agency, a __________________________________________,
on behalf of said agency.
Notary Public
Drafted By:
City of Rosemount
2875 145th Street West
Rosemount, MN 55068
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EXHIBIT A
The following clarifies the various portions of the letter of credit for Developer Improvements that are
outlined in the Subdivision Agreement:
Grading & Erosion Control – A restoration and erosion control bond to ensure re-vegetation and erosion
control ($3,500/acre). Note: The minimum surety amount is set at $25,000.
Pond Restoration/Erosion Control Removal – A security to allow for cleaning of sedimentation ponds
prior to City acceptance, and removal of any installed erosion control measures such as silt fence and wood
fiber blanket following development of 75 percent of adjoining lots (estimated lump sum).
Survey Monumentation – An amount equal to 110% of the cost to monument all lots within the
development.
Landscaping – An amount equal to 110% of the cost to complete the minimum required landscaping. If
additional landscaping is planned, a surety for that cost is not required.
Retaining Walls – An amount equal to 110% of the cost to complete the retaining wall construction.
Street Lighting – An amount equal to 110% of the cost to complete the minimum required lighting. If
additional lighting is planned, a surety for that cost is not required ($4,000 per light has been used to
calculate this cost).
Buffer Monumentation – An amount equal to 110% of the cost to manufacture and install the necessary
buffer monumentation signs around all ponds and wetlands ($50 per sign has been used to calculate this
cost).
Park Equipment – An amount equal to 110% of the cost of improvements agreed upon to be completed in
the park areas.
Wetland Monitoring – An amount equal to 110% of the cost to hire a wetland specialist to monitor the
mitigation areas for 5 years to ensure their proper creation. This wetland specialist will be hired by the City.
Wetland Restoration/Mitigation – An amount equal to 110% of the cost to develop new wetlands should
the mitigation not be effective ($20,000 per acre of mitigation).
Prestwick Place Townhomes
EXHIBIT B (Page 1 of 2)
No.Item Cost 110%Calculation
1 Grading and Erosion Control 25,000$ 27,500$ $3500/ac x 6.28 Minimum $25,000
2 Pond Restoration and Erosion Control Removal 25,000$ 27,500$ Minimum $25,000
3 Survey Monumentation 20,000$ 22,000$ $500/unit x 40 units
4 Retaining Wall and Fence 41,250$ 45,375$ Per Developer's estimate
5 Landscaping 52,200$ 57,420$ Per City Planner, 174 trees x $300
6 Street Lights 20,000$ 22,000$ 5 lights x $4000/light
7 Buffer Monumentation -$ -$ N/A
8 Surface Improvements 204,344$ 255,429$ 125%
9 Water Main Improvements 102,487$ 128,109$ 125%
10 Sanitary Sewer Improvements 75,444$ 94,305$ 125%
11 Storm Sewer Improvements 209,278$ 261,598$ 125%
Total 775,003$ 941,236$
No.Item Cost
Estimated Construction Cost 591,553$
1 Engineering Review Fees 10,000$
2 Construction Monitoring Fees 29,578$
3 Attorney Fees 2,000$
4 5% City Administrative Fees 29,578$
5 Street Light Energy Cost -$
6 GIS Fees 2,400$
7 Trail Fog Seal -$
8 Seal Coating -$
Total 73,555$
No.Item Cost
1 Storm Sewer Trunk Charge 43,112$
2 Sanitary Sewer Trunk Charge 6,751$
3 Water Trunk Charge 40,820$
4 Stormwater Ponding Fee -$
5 Payment of assessments 102,068$
Total 192,751$
No.Item Cost
1 Park Dedication 114,000$
Total 114,000$
$6500/acre x 6.28 acres
Developer responsible for sealcoating private streets
Development Fees (due before signed plat is released)
$2,850 per unit x 40 units
Development Fees (due in full before first building permit is issued)
Calculation
Calculation
$6865/net developable acre 6.28 acres
$1075/acre x 6.28 acres
N/A
For Akron Ave, Connemara Tr, Addison Ave (Exhibit C)
5% of Estimated Construction Cost
Letter of Credit for Developer Improvements (due with signed agreement)
City Fees (due with signed agreement)
Calculation
City Engineer Estimation
City Engineer Estimation
Estimate
5% of Estimated Construction Cost
Developer responsible for ongoing electricity and maintenance
$60/unit x 40 units, or $120/acre
N/A
Block Lots Units Block Lot Units SQ FT Acres
1 1 40 1 1 1 5.630
Right-of-Way 0.650
Outlot A 13.470
Total Plat Area 19.750
Total 1 40
Total Plat Area =19.75 acres
Total Park Area 0.00 acres
Future Plat Area =13.47 acres
Developable Area =6.28 acres *
Ponding to HWL = 0.00 acres
Net Developable Area =6.28 acres
* Excludes future plat and park areas
Prestwick Place Townhomes
EXHIBIT B (Page 2 of 2)
Totals
Tract Owner Acre
(Feasibility)
Acre
(Exhibit D)
Acre
(Developable
Platted Area)
Akron Avenue CR 42 Access
Connemara Trail
West of Akron
Avenue
Connemara
Trail East of
Akron Avenue
Street 4
(Aldborough
Ave)
Street 8
(Albany
Ave)
Street 9-Pink
(Ailesbury
Ave)
Street 9-
Green
(Ailesbury
Ave)
Street 14
(Abbeyfield
Ave)
Street 16
(Addison
Ave)
Street 17 Total Assessment
269.49 195.55 268.06 $96,751 $769,665 $2,094,892 $1,197,267 $94,553 $500,610 $151,938 $45,590 $556,463 $469,260 $415,860 $6,392,849
NOTE: Tract 2 - US Home Corporation is paying overhead in cash for Streets 4, 8 and 9 (green) with the Prestwick Place 7th subdivision agreement
Tract Development Acre
(Feasibility)
Acre
(Exhibit D)
Acre*
(Developable
Platted Area)
Akron Avenue CR 42 Access
Connemara Trail
West of Akron
Avenue
Connemara
Trail East of
Akron Avenue
Street 4 Street 8 Street 9
(Pink)
Street 9
(Green)Street 14 Street 16 Street 17 Total Assessment
0.00 0.00 19.75 $4,908 $0 $44,806 $136,740 $0 $0 $0 $0 $0 $134,540 $207,822 $528,816
$13,409
$32,181
$0
$0
$0
$0
$0
$0
$0
19.18
---
---
---
$0
$0 $0
$0
$0
$398,195
$0
$0
$0
$207,822
$0 $0
$0 $208,038
$0 $0
$224,523
$110,197
$332,977 $0$0
$0
$0 $0 $0
$37,984 $0
$0
$0
$0 $0
$0 $0 $0
$0 $0
$0
$0 $0
TOTAL
$371,470
$0
$0
$0 $210,056
7B ARCON DEVELOPMENT INC.117.096 $32,678 $1,484,049 $0
16.22
117.13
7A ARCON DEVELOPMENT INC.16.217 $4,526 $205,531 $0 $0
$0 $598,187
$0
6 AKRON 42 LLC 29.513 $19,017 $988,674
5 US HOME CORPORATION 15.072 $3,746 $34,196 $104,362 $0
$1,516,728
$528,816
4B ARCON PEMTOM, LLC 7.912 $1,967 $17,951 $54,785 $0 $0 $299,226
$136,740 $0 $0 $134,540$04ADAKOTA COUNTY COMMUNITY
DEVELOPMENT AGENCY 19.748 $4,908 $44,806---
$0
$460,540
$0$55,752 $607,417
2 US HOME CORPORATION 28.329 $7,041 $64,275 $196,157 $222,256
$0 $0
$223,486 $0
15.68
27.34 $38,801
Prestwick Place Cost Sharing
1 US HOME CORPORATION 15.458 $3,842 $35,072 $107,035 $278,354 $113,953
$822,182
3 AKRON 42 LLC 20.146 $19,026 $209,012 $0 $959,210
14.74
28.29
19.18
19.75
7.91
15.07
29.52
16.22
117.38
Tract 4A: DAKOTA COUNTY COMMUNITY DEVELOPMENT AGENCY
COST PER ACRE ------$249 $0 $2,269 $6,924 $0 $0 $0 $0 $0 $6,812 $10,523 $26,775
4A PRESTWICK PLACE TOWNHOMES ------6.28 $1,561 $0 $14,247 $43,480 $0 $0 $0 $0 $0 $42,780 $0 $102,068
$0 $0 $0 $0 $0 $91,760 $207,822 $426,748
TOTAL
4A FUTURE PLAT ------13.47 $3,348 $0 $30,559 $93,260
Prestwick Place Townhomes
January / 2018
Page 11 of 11 G:\ENGPROJ\2017-06 Prestwick Place Townhomes\Subdivisionagreement 2017-06.docx
ATTACHMENT ONE
Prestwick Place Townhomes
Final Plat