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k. Grading and sodding of outlots and boulevards <br /> 2000 yds. @ $04.50 per yd. $9,000.00 <br /> 1. Televise Sanitary Sewer $500.00 <br /> M. Install mailboxes (24 Total) @$50.00 $1,200.00 <br /> n. Surveying,staking, setting of iron monuments $25,556.00 <br /> Sub-Total Estimated Cost $168,806.00 <br /> Construction Contract and Related Costs <br /> Sanitary Sewer, Water main, Storm Sewer $720,000.00 <br /> Streets, Sidewalk,sewer and water service stubs, street lights and <br /> project inspection. <br /> TOTAL COSTS $888,806.00 <br /> OTHER COSTS: <br /> Additional security(25%) $222,201.00 <br /> TOTAL PROJECT SECURITIES $1,111,007.00 <br /> This breakdown is for historical reference;it is not a restriction on the use of the Security. The <br /> Security shall be for a term ending November 30,2018,and automatically renewing thereafter <br /> unless notice of termination is provided to the City at least forty-five(45)days prior to the end of <br /> the term or any renewal date. The notice given must comply with the formal Notice provisions of <br /> this agreement. Individual security instruments may be for shorter terms provided they are replaced <br /> at least thirty(30)days prior to their expiration. The City may draw down the Security,with a <br /> written seven(7)day notice and seven(7)day right to cure by the Developer,for any violation of <br /> the terms of this Agreement or if the Security is to be allowed to lapse prior to the end of the <br /> required term or any renewal term. The notice and right to cure provisions shall be void if the <br /> Security will expire in less than seven(7)days or upon discovery that security will not <br /> automatically renew. If the required Public Improvements are not completed at least thirty(30) <br /> VKG-2017-11-03 Page 9 <br /> 24 <br />