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EXECUTIVE SUMMARY
City Council Regular Meeting: January 10, 2023
AGENDA ITEM: Approve a Subdivision Agreement for
Prestwick Place 24th Addition
AGENDA SECTION:
Consent
PREPARED BY: Brian Erickson, PE – City Engineer AGENDA NO. 6.i.
ATTACHMENTS: Subdivision Agreement – Prestwick
Place 24th Addition APPROVED BY: LJM
RECOMMENDED ACTION: Motion to approve a Subdivision Agreement for Prestwick
Place 24th Addition.
BACKGROUND
On November 15, 2022, City Council approved the Rezoning, Preliminary and Final Plats for Prestwick
Place 24th Addition. Normally the Subdivision Agreement is included as part of the final plat approvals.
However, staff was waiting on additional information which has now been received.
The approval of this Subdivision Agreement will be the final step in allowing Rosemount Apartments to
begin the planned improvements. This agreement follows the standard format and includes all the
required conditions from prior the Council approval. The developer has requested that the development
fees related to Block 2 Lot 1 be deferred until such time as a building permit application is submitted.
RECOMMENDATION
Staff recommends City Council approve the attached Subdivision Agreement and authorize the Mayor and
City Clerk to enter into this agreement.
Prestwick Place 24th Addition
December/2022
SUBDIVISION AGREEMENT
Prestwick Place 24th Addition
AGREEMENT dated this _____ day of ________________________ 2023, by and between the CITY
OF ROSEMOUNT, a Minnesota municipal corporation, (the "City"), and ROSEMOUNT APARTMENTS
LLC, a Minnesota limited liability company, (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 24th Addition, which land is legally
described on ATTACHMENT ONE, attached hereto and hereby made a part hereof (the
“Subject Property”).
2. Conditions of Plat Approval. The City has approved the subdivision and the plat on the
following conditions:
a. Execution of a Subdivision Agreement.
b. Adherence with the conditions of the Preliminary and Final Plat approvals for
Prestwick Place 24th Addition.
c. Conformance with all requirements of the City Engineer’s memorandum dated
September 14, 2022.
d. Compliance with the conditions and standards within the Park and Recreation
Director’s memorandum dated September 19, 2022.
e. Payment of all applicable fees including GIS, Park Dedication and other fees identified
in the current fee schedule.
f. Incorporation of any easements necessary to accommodate drainage, ponding, trails,
underpasses, conservation areas, streets and utilities.
g. Provision of $37,290 for landscaping surety.
h. Provision of $530,000 for Fee-In-Lieu of Park Dedication
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.
Prestwick Place 24th Addition
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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 sta te or
federal law or agreed to in 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 Improvements
Plan E – Grading Plan
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 Public
Improvements) will be designed by the Developer and must be approved by the City Engineer.
The Developer will prepare plans and specifications for Public Improvements which shall be
approved by the City Engineer. Such approvals shall not be unreasonably withheld and the
City shall approve or provide Developer with necessary revision comments within 30 calendar
days of Developer submittal of Public Improvement plans and specifications. The City will
perform all construction inspection for the Public Improvements, at the Developer’s expense.
Construction inspection includes but is not limited to inspection, documentation, and
monitoring.
6. Installation by Developer. The Developer shall install or cause to be installed and pay for
the following (the “Developer Improvements”):
a. Surveying and staking
b. Surface improvements (paved streets, sidewalks, trails, etc.)
Prestwick Place 24th Addition
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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
7. Time of Performance. The Developer shall install all required improvements, excepting the
wear course of pavement, enumerated in Paragraph 6 that will serve the subject property by
December 31, 2023 subject to delays due to inclement weather, casualty, labor strikes, material
shortages, or other force majeure not within the Developer’s reasonable control. The
pavement wear course shall be completed by December 31, 2024. 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 (the “City-Installed
Public Infrastructure Improvements”) (also referred to as City Project 2022-29), 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
One Million Four Hundred Seventeen Thousand One Hundred Eight Dollars ($1,417,108).
The amount of the security was calculated as follows:
Prestwick Place 24th Addition
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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 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 single-family 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
No.Item Cost 110%Calculation
1 Grading and Erosion Control 67,130$ 73,843$ $3500/ac x 19.18 acres. Minimum $25,000
2 Pond Restoration and Erosion Control Removal 25,000$ 27,500$ Minimum $25,000
3 Survey Monumentation 1,000$ 1,100$ $500/lot x 2 lots
4 Landscaping 33,900$ 37,290$ Per City Planner (113 trees x $300)
5 Street Lights 30,000$ 33,000$ $7,500/light x 4 lights
6 Surface Improvements 485,400$ 606,750$ 125%
7 Water Main Improvements 195,400$ 244,250$ 125%
8 Sanitary Sewer Improvements 247,600$ 309,500$ 125%
9 Storm Sewer Improvements 67,100$ 83,875$ 125%
Total 1,152,530$ 1,417,108$
Letter of Credit for Developer Improvements (due with signed agreement)
Prestwick Place 24th Addition
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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 surrounded completely 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. Costs for City inspection of onsite erosion and sediment control
shall be at the Developer’s expense. After a 24-hour verbal or written 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 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.
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 for
Public Improvements.
Prestwick Place 24th Addition
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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 31st 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 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 One Hundred Fifty-Seven Thousand Five Hundred Seven
Dollars ($157,507) shall be deposited with the City at the time this Agreement is
signed, and represent the following amounts:
If the actual City fees exceed this estimate, the Developer shall pay the additional costs
to the City within thirty (30) business days of the request. If actual City fees are lower
than this estimate, any surplus funds will be returned to the developer when the project
fund is reconciled and closed.
No.Item Cost
Estimated Construction Cost 995,500$
1 Engineering Fees 99,550$
2 Attorney Fees 3,000$
3 5% City Administrative Fees 49,775$
4 Street Light Energy Cost 2,880$
5 GIS Fees 2,302$
6 Trail Fog Seal -$
7 Seal Coating -$
Total 157,507$
Calculation
City Fees (due with signed agreement)
Developer's Estimate (Lines 6 - 9 above)
10% of Estimated Construction Cost
Estimate
5% of Estimated Construction Cost
4 lights x 24 months x $30/month
$120/acre x 19.18 acres
$0.30/SF x 0 SF
$1.70/SY x 0 SY
Prestwick Place 24th Addition
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c. The Developer shall pay in full all bills submitted to it by the City for obligations
incurred under this Agreement within thirty (30) business 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 six percent (6%) per year.
d. The Developer shall pay all energy costs for street lights installed within the Subject
Property for 24-months at a cost of $30/month/light. After that, the City will assume
the energy costs.
e. The Developer will pay the cost of sealcoating the public streets within the
development at a cost of $1.70/SY. The sealcoating will be completed within three
(3) years following wear course placement.
f. The Developer will pay the cost of fog sealing the public trails within the development
at a cost of $0.35/SF. The fog sealing will be completed within three (3) years
following trail installation.
19. Indemnification. The Developer shall hold the City and its officers, agents 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 intentional acts or gross negligence of the City, it’s
agents, employees or contractors. The Developer shall indemnify the City and its officers,
agents and employees for all costs, damages or expenses that the City may pay or incur in
consequence of such claims, including attorney’s fees.
20. Insurance. The Developer agrees to take out and maintain or cause to be taken out and
maintained until six months after the City has accepted the Subdivision Improvements, public
liability and property damage insurance covering personal injury, including death, and claims
for property damage which may arise out of Developer’s work or the work of its contractors
or subcontractors. Liability limits shall not be less than $500,000 when the claim is one for
death by wrongful act or omission or for any other claim and $2,000,000 for any number of
claims arising out of a single occurrence, and twice said limits when the claim arises out of the
release or threatened release of a hazardous substance. The City shall be named as an additional
insured on the policy. The certificate of insurance shall provide that the City must be given
the same advance written notice of the cancellation of the insurance as is afforded to the
Developer.
21. Park and Utility Fees. The Developer agrees to pay fees, charges and assessments set forth
in this Section prior to, or at the time of execution of this agreement by the City:
a. Park dedication fees in the amount of $530,000
b. Storm Sewer Trunk Area Charges in the amount of $58,421
c. Sanitary Sewer Trunk Area Charges in the amount of $9,815
d. Watermain Trunk Area Charges in the amount of $59,345
Or other amounts for such fees as in effect at the time of plat approval.
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Park and Utility fees related to Block 2 Lot 1 shall be calculated that the rate in effect at the
time a building permit application is submitted. Estimated fees based on the current rate are:
a. Park dedication fees in the amount of To Be Determined
b. Storm Sewer Trunk Area Charges in the amount of $39,748
c. Sanitary Sewer Trunk Area Charges in the amount of $6,891
d. Watermain Trunk Area Charges in the amount of $41,665
22. Service Charges. 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 commercial and industrial of $2,270/acre.
c. Sanitary Sewer Availability Charges per SAC unit (currently at $1,200/SAC unit).
d. Water Availability Charges per SAC unit (currently at $2,425/SAC unit for single
family residential and multi-family residential).
23. Building Permits. No occupancy permits shall be issued until:
a. The site grading is completed and approved by the City.
b. All public 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 without prior authorization from the City
Building Official.
The Developer, in executing this Agreement, assumes all liability and costs for damage or
delays incurred by the City in the construction of Public Improvements caused by the
Developer, its employees, contractors, subcontractors, material men or agents. No occupancy
permits shall be issued until the public streets and utilities referred to in paragraph 6 and 8 are
in and approved by the City (excluding the final wear course of bituminous), unless otherwise
authorized in writing by the City Engineer.
24. 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.
25. 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
Prestwick Place 24th Addition
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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.
26. 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.
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 Public
Improvements, the Developer assumes all liability and costs resulting in delays in
completion of Public Improvements and damage to Public 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
Prestwick Place 24th Addition
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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.
j. The Developer acknowledges that the City may issue additional requirements outside
of the 2015 General Specifications and Standard Detail Plates for Street and Utility
Construction or the 2008 Engineering Guidelines as the City is in the process of
updating these documents. The review process may require additional time and
expense due to this process, which shall be the Developer’s responsibility. The
Developer shall not be billed for the time required for the City to update and approve
their revisions to the 2015 General Specifications and Standard Details Plates for Street
and Utility Construction or the 2008 Engineering Guidelines.
27. 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:
Rosemount Apartments LLC
Attn: Tom Cronin
Two Carlson Parkway #400
Plymouth, MN 55447
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
[Remainder of page intentionally left blank.]
Prestwick Place 24th Addition
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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:
Jeff Weisensel Mayor
By:
Erin Fasbender, City Clerk
STATE OF MINNESOTA )
) SS
COUNTY OF DAKOTA )
The foregoing instrument was acknowledged before me this _____ day of _____________________
2022, 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
ROSEMOUNT APARTMENTS, LLC
By:
Tom Cronin, its Chief Financial Officer
STATE OF MINNESOTA )
) SS
COUNTY OF _____________)
The foregoing instrument was acknowledged before me this ____ day of ______________________
2023, by Tom Cronin, Chief Financial Officer, of Rosemount Apartments, LLC, a Minnesota limited
liability company, on behalf of said company.
Notary Public
Drafted By:
City of Rosemount
2875 145th Street West
Rosemount, MN 55068
Prestwick Place 24th Addition
December/2022
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.
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 ($7,500 per light
has been used to calculate this cost).
No. Item Cost 110% Calculation
1 Grading and Erosion Control 67,130$ 73,843$ $3500/ac x 19.18 acres. Minimum $25,000
2 Pond Restoration and Erosion Control Removal 25,000$ 27,500$ Minimum $25,000
3 Survey Monumentation 1,000$ 1,100$ $500/lot x 2 lots
4 Landscaping 33,900$ 37,290$ Per City Planner (113 trees x $300)
5 Street Lights 30,000$ 33,000$ $7,500/light x 4 lights
6 Surface Improvements 485,400$ 606,750$ 125%
7 Water Main Improvements 195,400$ 244,250$ 125%
8 Sanitary Sewer Improvements 247,600$ 309,500$ 125%
9 Storm Sewer Improvements 67,100$ 83,875$ 125%
Total 1,152,530$ 1,417,108$
No. Item Cost
Estimated Construction Cost 995,500$
1 Engineering Fees 99,550$
2 Attorney Fees 3,000$
3 5% City Administrative Fees 49,775$
4 Street Light Energy Cost 2,880$
5 GIS Fees 2,302$
6 Trail Fog Seal -$
7 Seal Coating -$
Total 157,507$
No. Item Cost
1 Storm Sewer Trunk Charge 58,421$
2 Sanitary Sewer Trunk Charge 9,815$
3 Water Trunk Charge 59,345$
5 Park Dedication 530,000$
Total 657,581$
No. Item Cost
1 Storm Sewer Trunk Charge 39,748$
2 Sanitary Sewer Trunk Charge 6,891$
3 Water Trunk Charge 41,665$
5 Park Dedication TBD
Total 88,304$
Fees based on Block 1 Lot 1; Outlot B (1/2); ROW (1/2); 1/2 of HWL for storm
Fees based on Block 2 Lot 1; Outlot B (1/2); ROW (1/2); 1/2 of HWL for storm
EXHIBIT B
Prestwick Place 24th Addition
(Page 1 of 2)
Estimate
5% of Estimated Construction Cost
4 lights x 24 months x $30/month
$120/acre x 19.18 acres
$0.30/SF x 0 SF
10% of Estimated Construction Cost
Letter of Credit for Developer Improvements (due with signed agreement)
City Fees (due with signed agreement)
Calculation
Developer's Estimate (Lines 6 - 9 above)
Calculation
$6865/net developable acre x 8.51 acres
$1075/acre x 9.13 acres
Development Fees (due with building permit for Block 2 Lot 1)
$6500/acre x 9.13 acres
$1.70/SY x 0 SY
Development Fees (due before signed plat is released)
Calculation
Estimate - $6865/net developable acre x 5.79 acres
Estimate - $1075/acre x 6.41 acres
Estimate - $6500/acre x 6.41 acres
Block Lots Units Block Lot Units SQ FT Acres
1 1 1 1 1 1 327609 7.521
2 1 1 2 1 1 208988 4.798
0.000
0.000
0.000
0.000
Total 22 0.000
0.000
Total Plat Area = 21.257 acres 0.000
Total Park Area = 0.000 acres Outlot A 249070 5.718
Future Plat Area = 5.718 acres Outlot B 36939 0.848
Developable Area * = 15.539 acres 0.000
Ponding to HWL = 1.250 acres ROW 103345 2.372
Net Developable Area = 14.289 acres
0.000
Total Boundary 925951 21.257
* Excludes future plat and park areas (all outlots)
EXHIBIT B
[Insert Development Name]
(Page 2 of 2)
TOTALS
Prestwick Place 24th Addition
December/2022
ATTACHMENT ONE
Prestwick Place 24th Addition
Final Plat