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<br /> for Engineer/Planner/Attorney Review not included hereRequired in M-1/M-2Fees lower for multiplex townhomes, Assumes townhome valuation between $100k-$500kAssumes retail value between
<br /> $100k and $500kDiscounts may apply for near-identical unitsDirect charge from Met Council to CityPays for major city sewer infrastructurePays for major city water infrastructureCosts
<br /> are included with the price of the landCosts are included with the price of the landEstimated based on 1.6 acres, roughlyassumes each unit is metered ($450ea is estimate)Waived due
<br /> to site escrow depositCurrent asking priceMay be necessary to relocate sewer/water on site depending on layout. Developer should estimate. May be necessary to relocate trail depending
<br /> on layout. Developer should estimate. Assessment for Recent Street Improvements on Sorel StreetEstimated; W. side CV Road only; one block; includes trees, lights, irrigation, swk.,
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<br />Kennedy Property Development 8/29/2023 vǒğƓƷźƷǤ Affordable Housing
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<br />Block 7 RFP 2021Financial Commitment StatementFirm Name DateProject Summary Info
<br />ItemUnit CostUnits# of UnitsTotal Cost% DeveloperDeveloper Commitment% CityRequested City CommitmentNotes.ǒźƌķźƓŭ ğƌǒğƷźƚƓ /ğƌĭǒƌğƷźƚƓʹwĻƭźķĻƓƷźğƌwĻƷğźƌƚƷğƌ wĻƭźķĻƓƷźğƌ 9ƨǒźǝğƌĻƓĭǤ
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<br />ƭ Financial CommitmentPlanning and Review Fees Preliminary Plat$500.00 per SitePUD for Conditional Use Permit$500.00 per Site1$500.00100%Total Planning Fees and EscrowBuilding Permit
<br /> Fee Calculation:Residentail$2,590.82RetailPlan Review Res. (65% of permit cost)Plan Review Retail (65% of permit cost)$$370.22100%State Surcharge Res. (0.05% of valuation)State Surcharge
<br /> Retail (0.05% of valuation)$$0.00100%Total Building Permit & Plan Review FeeUtility Fees SAC (MCES)$2,485 REUSAC (City)$2,300 REUWAC $1,850 REULateral Benefit Charge - Sewer$8,100
<br /> REUN/A$0.00Lateral Benefit Charge - Water$8,000 REUN/A$0.00Storm Water Area Charge$0.05739 SF69696$3,999.85100%Total Utility ChargesPark Dedication Fees Park Dedication Fee $3,000 REU26$78,000.00100
<br />%Total Park Dedication FeMisc Fees 3/4"" Meter$450.00meter26$11,700.0Erosion Control Site Fee$360.00site1$360.00100%Right of Way Permit$0.00site1$0.00100%Total Misc. FeeTotal City FeesOther
<br /> Infrastructure Costs Land Sale$350,000.00site1$350,000.000%Utility Relocates$30,000.00site1$30,000.00100%Trail Reroute$15,000.00site1$15,000.00100%Sorel Street Improvements$32,079.00site1$32,079.005
<br />0%Streetscaping - Centerville Road$185,000.00site1$185,000.0054%Total Project Infrastructure CostsTotal Project Costs TIF Requested TIF TermTIF Category
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