Administration Fee Breakdown 6-7-05
CITY OF CHANHASSEN
HIDDEN CREEK MEADOWS
PROJECT NO. 05-12
BREAKDOWN OF ADMINISTRATION FEES - 6/7/05
Estimated Total Cost of Public Improvements
3% of Public Improvement Costs (up to $500,000)
2% of Public Improvement Costs (over $500,000)
Street Lighting Charge (for electricity)
4 Light(s) @ $300.00
Final Plat Process (Attorney Fee for Review and Recording of
Plat and Development Contract)
Recording Fees
a. Development Contract
b. Plat Filing
c. Road Way Easement
Park Fee
17 Lots x 4000
Surface Water Management Fee
G IS Fee ($25/plat and $1 O/parcel)
TOTAL ADMINISTRATION FEES
Hidden Creek Meadows.FEE.xls
i A_ L~f
816,589.93 u.~".
$
$
$
v
15,000.00
6,331.80 ,/'
$
$
1,200.00 .
450.00
$
$
$
50.00
50.00
50.00
$
$
68,000.00
30,049.00
$ 235.00
$ 121,415.80
<;/74t ral
~.^f
4. Improvements. The Developer shall install and pay for the following:
A. Sanitary Sewer System
B. Water System
C. Storm Water Drainage System
D. Streets
E. Concrete Curb and Gutter
F. Street Lights
G. Site Grading/Restoration
H. Underground Utilities (e.g. gas, electric, telephone, CATV)
I. Setting of Lot and Block Monuments
J. Surveying and Staking
K. Landscaping
L. Erosion Control
5. Time of Performance. The Developer shall install all required improvements by
November 15, 2005. 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.
6. Security. To guarantee compliance with the terms of this Contract, payment of
special assessments, payment of the costs of all public improvements, and construction of all public
improvements, the Developer shall furnish the City with a letter of credit in the form attached
hereto, from a bank acceptable to the City, or cash escrow ("security") for $951.323.92. The
amount of the security was calculated as 110% of the following:
Site Grading/Restoration
$ 370,550.00 ~ ';$!OUi ~ 'SO
Sanitary Sewer
$ 54.195.00:::. '5 4 r:f~"
Streets
,.r
$ 54,305.00 :. f;"1 ~C>~
$ 75,517.00 {ltiV;2 ' t"
~l'&
$ 192,717.93 =- t'11. 1\'1. ,#
Watermain
Storm Sewer, Drainage System, including cleaning and maintenance ....fIS"r
Street lights and signs
~y
tf
Erosion control
$ 18,665.00': \t l.t Cd;
~;.~~~~
"" .....-
Engineering, surveying, and inspection
Landscaping
$ 48,250.00 a ~ Z.,o)~O ,""
TOTAL COST OF PUBLIC IMPROVEMENTS
$ 864.839.93
SP-2