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> - <br />Application Fees Summary: <br />Item £is Amt. Pd. <br />Estimated <br />Amount <br />Due <br />Balance of initial fees S 1,275.00 $1,225.00 S 50.00 <br />Residential PUD/Rezoning S 7,095.00 375.00 6,720.00 <br />Preliminary Subdinsion S 400.00 400.00 <br />Special Improvement Fees $ 13,475.00 <br />(SI,925 + 52,350 + 5250 + $4,475 + $4,475) <br />Total Application Fees Due <br />13,475.00 <br />$ 20,645.00 <br />(Future commercial PUD/Rczoning and S&W stub fees deferred until commercial outlots arc <br />developed and final unit counts established) <br />f <br />II. Development Fees <br />Ac'diUonal fees you should expect when the application proceeds to the development stage <br />a.Park Dedication <br />1. <br />- 2. <br />Residential 8% of Landi or Cash Contribution in Lieu of Land (Council <br />Discretion): 8% of Predevelopment Fair Market Value <br />(Subject to min. fee of $3,250 per dwelling unit, max 55,550 <br />per dwelling unit per Resol. #4738 and 2002 Fee Schedule) <br />Estimated Land Pre-Dev Fair Market Value: 41.55 acres @ $3 50/s f. = <br />41.55x43,560x53.50 =$6,335,000 <br />Estimated Residential Park Fee = 0.08 x 56,335,000 = 5507.000 <br />Check: $ 507,000/168 units “ S3,0I8/unit (below required min*max range) <br />Minimum Fee applied: 168 units x$3,250/unit=* $546,000 <br />Commercial 8% of Und; or Cash Contribution in Lieu of Land (gouncil <br />Discretion): 8% of Predevelopment Fair Market Value (Subject <br />to minimum fee of $8125/acre, maximum S 13,875/acre per <br />Resol. #4739 and 2002 Fee Schedule) <br />Estimated Land Pre-Dev Fair Market Value: 9.90 acres @ 56.00/s.t « <br />9.90 x 43.560x 56.00 = 52.587.500 <br />Estimated Commercial Park Fee = 0.08x 52,587.500 = 5207.000 <br />Check: $207,000 / 9.90 acres " $20,910/acre (over required min-max range) <br />Maximum fee applied: 9.90 acres x S13,875/acre « $137,400 <br />Page 2 of 3