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~. City of RoseviJIe Community Development Department '. to -1f . MEMO January 14, 1994 TO: Steve Sarkozy, City Manager FROM: Dennis P. Welsch, Community Development Director RE: Roseville Schoo! Site Development Program You have asked that we provide more detail on the type of development assistance that the City of Roseville could provide for the development of the School District Site. In response I have included a "Typical" subdivision development agreement that we would use with the selected developer of the site. When requiring a performance guarantee, the City uses 125% as the most common guarantee for known construction costs, ami 150% for proposals or estimates from developers. For using the city financing and project management system, the ADDITIONAL housing and neighborhood rehabilitation fee may be (approximately $3,000 per s1ngJe family unit and $1,500 per townhouse unit - see below for details). This fee would be used to defray city administration, legal, planning, and engineering expenses for providing financing (the interest rate for the public improvements construction financing is currently estimated at 5.0% during a three year assessment) for improvements placed in the public right-of-ways or public easements including streets, all utilities, lighting, drainage swales and pan ding, sidewalks, and street trees. The City was also asked to prepare a cost (per lot or per lineal foot) for the construction of public improvements. Without more finite soil borings, subdivision design, street lengths, and lot si zes, th is is difficult. The range could be $12,000 per lot to $18,000 per lot. This number can ~);.' best provided when working directly with the developer on the final subdivision designs. The City role in this project needs to l~,;' fully explained. There are three alternatives infrastructure construction projects that the city can provide for the site. The city also has low cost, low interest financing for the public infrastructure construction costs and can specially assess these improvements against each lot. I anticipate that these assessment costs will be paid off in the first residential mortgage transactJon on each Jot. (The city wj1J not. however, offer to either pay for the design of the plat, the individual lot grading, or other non-public design, landscaping, or construction.) Three alternative scenarios are possible for city participation in this manner: a) The Developer could petItion the City to design, construct, and finance all public improvements, including street paving, curbs and gutters, sidewalks, boulevards, street tree