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<br /> <br />EXHIBIT B <br />Estimated Cost of Improvements <br />The Developer must provide the City with a written estimate of all applicable costs of the Work, <br />itemized by type. The estimates shall be based upon actual estimates provided by the contractors <br />who are to do the Work. Said cost estimates will be reviewed by the City, and the City will establish <br />the actual amount of the financial guarantee. <br />150% <br />Estimated <br />Construction <br />Item <br />Cost Security <br />Amount <br />Earthwork (Demo, Base, Storm, Dirt, Storm, Paving <br />Patching) $ 33,817 $ 50,725 <br /> $ 31,860 <br />Concrete (curbs & gutters and sidewalk) $ 21,240 <br /> $ 9,372 <br />Landscape (Sod & Irrigation) $ 6,248 <br /> <br /> <br /> <br />Excludes GC’s and Markups <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />CONSTRUCTION ESCROW TOTAL $ 91,957 <br />22485\\13\\2777004.v3 <br /> <br />