Kaufman and Broad - PDA No. 94-26wr�nnm o
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1�?A
TED
1221 -923
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LC C'�r,rs.!
RESIDENTIAL
AGREEMENT FOR EXTENSIONS OF WATER DISTRIBUTION SYSTEMS:
IMPROVEMENT OF STREETS: INSTALLATION OF SEWERS, STORM
DRAINS AND OTHER PUBLIC WORKS FACILITIES
No. 94 -26
This agreement made and entered into this 23rd day of May
19 94 , by and between the city of Gilroy, a municipal corporation, herein called the
"City" and Kaufman and Bread, Tnr , a real property owner
developer or subdivider, herein called the "Developer ".
WHEREAS, a final map of subdivision, record of survey or building permit (Site
clearance) application has now been submitted to the City for approval and acceptance,
covering certain real estate known as and called:
Hillcrest 3, Portion of APN 783 -42 -028 and 029 Tract 8662 and,
WHEREAS, the Developer requires certain utilities and public works facilities in
order to service the property under the minimum standards established by the city and,
WHEREAS, the City, by and through its City council, has enacted certain codes,
ordinances and Resolutions and certain Rules and Regulations have been promulgated
concerning the subject matter of this agreement and,
WHEREAS, the city has certain responsibilities for maintenance and operation of
such utilities and public service facilities after acceptance by City, and for providing
the necessary connecting system, general plant and appurtenances, and the City is
agreeing to discharge those responsibilities.
NOW THEREFORE, in consideration of the premises and in order to carry on the
intent and purpose of said Codes, ordinances, Resolutions and Regulations, it is agreed
by and between the parties as follows:
SECTION 1
That all codes, Ordinances, Resolutions, Rules and Regulations and established
policies of the City and the laws of the State of California concerning the subject
matter of this agreement are hereby referred to and incorporated herein to the same
effect as if they were set out at length herein. Said Codes, Ordinances and Regulations
include, but are not limited to, the following: the Code of the City of Gilroy, the
current Zoning Ordinance, and the currently adopted Uniform Building code.
SECTION 2
The Developer agrees:
a. To perform each and every provision required by the City to be performed by
the Developer in each and every one of said Codes, Ordinances and other
Regulations.
OT'itv
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of (6itrq
;7 7351
Rosanna Street
GILROY, CALIFORNIA
--,
,
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No. 94 -26
This agreement made and entered into this 23rd day of May
19 94 , by and between the city of Gilroy, a municipal corporation, herein called the
"City" and Kaufman and Bread, Tnr , a real property owner
developer or subdivider, herein called the "Developer ".
WHEREAS, a final map of subdivision, record of survey or building permit (Site
clearance) application has now been submitted to the City for approval and acceptance,
covering certain real estate known as and called:
Hillcrest 3, Portion of APN 783 -42 -028 and 029 Tract 8662 and,
WHEREAS, the Developer requires certain utilities and public works facilities in
order to service the property under the minimum standards established by the city and,
WHEREAS, the City, by and through its City council, has enacted certain codes,
ordinances and Resolutions and certain Rules and Regulations have been promulgated
concerning the subject matter of this agreement and,
WHEREAS, the city has certain responsibilities for maintenance and operation of
such utilities and public service facilities after acceptance by City, and for providing
the necessary connecting system, general plant and appurtenances, and the City is
agreeing to discharge those responsibilities.
NOW THEREFORE, in consideration of the premises and in order to carry on the
intent and purpose of said Codes, ordinances, Resolutions and Regulations, it is agreed
by and between the parties as follows:
SECTION 1
That all codes, Ordinances, Resolutions, Rules and Regulations and established
policies of the City and the laws of the State of California concerning the subject
matter of this agreement are hereby referred to and incorporated herein to the same
effect as if they were set out at length herein. Said Codes, Ordinances and Regulations
include, but are not limited to, the following: the Code of the City of Gilroy, the
current Zoning Ordinance, and the currently adopted Uniform Building code.
SECTION 2
The Developer agrees:
a. To perform each and every provision required by the City to be performed by
the Developer in each and every one of said Codes, Ordinances and other
Regulations.
OT'itv
-1-
of (6itrq
;7 7351
Rosanna Street
GILROY, CALIFORNIA
_.s
-v
rn
J
461 PAGE 0741
b. To grant to the City without charge, free and clear of encumbrances, any and
all stipulated easements and rights of way in and to his said real property
necessary for the City in order that its water, electricty, and /or sewer
lines in or to said real property may be extended.
C. To indemnify and hold the city harmless and free from all damage and
liability done to any utility, public facility or other material or
installation of the City on said real estate which the Developer or any
contractor or subcontractor of the Developer, or any employee thereof, shall
do in grading or working upon said real estate.
d. To construct and improve all public works facilities and other improvements
as set out herein, according to the standards heretofore established, and
according to the grades, plans and specifications thereof, all as approved by
the City Engineer, and shall furnish two (2) good and sufficient bonds. one
shall be executed in the face amount of no less than $ 23s,336_nn , and
the other shall be executed in an amount no less than 50% of the above
mentioned bond and shall secure payment to the contractor, his subcontractors
and to persons renting equipment or furnishing labor or materials to them for
the improvement hereunder, and as provided for in section 4200 -4210 of the
Government code of the State of California, the Codes, ordinances,
Resolutions, and Regulations of the City, and this agreement.
The faithful performance bond hereinabove provided for, shall by the terms remain
in full force and effect for a period of one (1) year after the completion and
acceptance of said work, to guarantee the repair and replacement of defective
material and faulty workmanship.
In lieu of said faithful performance bond for maintenance, the Developer may
furnish a maintenance bond in the amount of 10% of the total contract price (with
a minimum amount of one thousand dollars $1,000.00) to cover the one (1) year
maintenance period.
e. That upon approval of the final map of the subdivision, the record of survey
or the building permit covering the real estate to be improved and before any
work is done therein, the Developer shall pay to the City all sums, shown in
section 9 thereof to be due under the terms and provisions of this agreement.
SECTION 3
That all sums shown herein to be payable by the Developer to the City are due and
payable to the City upon the execution of this agreement.
CrOMTnM d
That all the provisions of this agreement and all work to be done pursuant to the
terms of this agreement are to be completed within one year from and after the date and
year first above written.
-2-
N4 61PAGE0742
SECTION 5
That the special provisions concerning the particular real estate referred to
above, being attached hereto, are hereby incorporated herein and expressly made a part
of this agreement.
SECTION 6
That the faithful and prompt performance by the Developer of each and every term
and condition contained herein is made an express condition precedent to the duty of the
City to perform any act in connection with this transaction, and the failure, neglect or
refusal of the Developer to so perform, or to pay any monies due hereunder when due
shall release the City from any and all obligations hereunder and the City, at its
election, may enforce the performance of any provision herein, or any right accruing to
the City or may pursue any remedy whatsoever it may have under the laws of the state of
California or the Codes, ordinances, Resolutions of the City, in the event of any such
default by Developer.
SECTION 7
That this agreement, together with the attached stipulations, is an instrument
affecting the title or possession of the real property described in Exhibit A. All the
terms, covenants and conditions herein imposed shall be binding upon and inure to the
benefit of the successors in interest of Developer. upon the sale or division of the
property described in Exhibit A, the terms of this agreement shall apply separately to
each parcel and the Developer of each parcel shall succeed to the obligations imposed on
Developer by this agreement.
SECTION 8
That the following General Stipulations and the attached stipulations shall be
completed subject to the approval of the Director of Public works.
1. Locate and properly dispose of any wells, septic tanks and underground fuel
storage facilites.
NOTE: The capping of any well will require inspection by the Santa Clara
Valley Water District.
2. Schedule the construction of improvements along existing public roads so
that the work affecting vehicular traffic is completed with a minimum
interruption to traffic.
3. All work within the public right -of -way shall be subject to the approval of
the City Engineer.
4. Before construction utilizing combustible materials may proceed, an all
weather access must be provided to within 150 feet of the building site; and
at least one in service fire hydrant must be available within 500 feet of
each portion of the site wherein this construction is to take place.
Location of the fire hydrants will be determined by the Fire Chief.
-3-
N4 6 7PPGE0743
SECTION 9
That the attached Development Cost Schedule enumerates all fees and their
extensions.
TOTAL AMOUNT DUE CITY
S 123,498.06
IN WITNESS WHEREOF, said parties have caused these presents to be executed
the date and year first above written.
CITY
ATTES
Susanne E. Steinmetz, Jy Cler
, /MaFpr
, City Administrator
Kaufman A Broad
SOUTH BAY, INC.
FORM APPROVED: B Cf��ITYZOI
DAT 5 • R'
NOTE: If Developer is a corporation, the complete legal name and corporate seal of the
corporation and the corporate titles of the persons signing for the corporation
shall appear above.
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES )
On May 16, 1994 before me, Linda J. Kentner, appeared John H. Bremond and Mark C. Butler
personally known to me to be the person(s) whose name(s) is subscribed to the within instrument
and acknowledged to me that he executed the same in his authorized capacity and that by his
signature on the instrument, the person executed the instrument.
WITNESS my hand and official seal.
a7;y OFFICIAL SEAL
Linda J Kentner
® : NOTARY PUBLIC CALIFORNIA
"• LOS ANGELES COUNTY
on MY Comm Expires June 20. 1995
467PAGE 744
Hillcrest III
stipulations to Property Development
Agreement No. 94 -26
1. All improvements as outlined in the Improvement Plans for Hillcrest III
are to be completed in full per city of Gilroy standards.
2. Hillcrest III is to be developed pursuant to the Tentative Map
conditions for this project.
3. Developer to sign and participate in the Northwest Quadrant Sewer
Agreement.
4 6 7PAGE07145
EXHIBIT 'A'
Tract No. 8662
Location Map
467 PAGE 0746
Totals ................ $123,498.06 $0.00 $123,498.06
Bonds and Securities
$357,504
-------- - - - - --
--------------
SERVICE CHARGES (1)
CITY OF
GILROY
DEPARTMENT OF
PUBLIC WORKS
DATE: 05- Apr -94
ENGINEERING
DIVISION
---- - - -
- --
FINAL
CHARGES
NUMBER: 94 -26
PROJECT LOCATION:
HILLCREST III
PARCEL NUMBER:
-----------------------------------------------------
Portion of 783 -42
-028 & 029
OWNER /DEVELOPER:
-----------------------------------------------------
Kaufman and Broad
MAILING ADDRESS:
-----------------------------------------------------
1604 North Main
St., Salinas,
Ca. 93906
TELEPHONE NO:
-----------------------------------------------------
442 -7615 & 442- 8839(Fax)
PREPARED BY:
-----------------------------------------------------
M. Fachin
Key
-----------------------------------------------------
G/L Account
Account No.
Code
Fee:
Credits:
Amount Due:
Description:
---------------- -
100- 2600 -3- 600400
- - - --
4904
------- - - - - -- ------
$4,718.18
- - - - -- ------
$0.00
- - - - --
$4,718.18
------ - - - - --
PW Services
100 - 2600 -3- 600412
4702
$20,728.10
$0.00
$20,728.10
Plan Ck /Insp
420 - 2600 -3- 680200
4501
$5,273.90
$0.00
$5,273.90
Storm Fee
431 - 2600 -3- 680300
5001
$0.00
$0.00
$0.00
Undrgrnd Fee
433 - 2600 -3- 681000
4905
$38,178.00
$0.00
$38,178.00
Traffic Fee
435 - 2600 -3- 671000
4509
$30,604.00
$0.00
$30,604.00
Sewer Fee
436 - 2600 -3- 695000
4510
$15,050.00
$0.00
$15,050.00
Water Fee
720 - 0433 -3- 690000
2202
$2,903.88
$0.00
$2,903.88
Const Water
801 - 0000 -2- 229015
4703
$6,042.00
$0.00
$6,042.00
Reimbrsmnts
801 - 0000 -2- 229015
4703
$0.00
$0.00
$0.00
xxxxxxxxxxxx
801 - 0000 -2- 229015
4703
$0.00
$0.00
$0.00
xxxxxxxxxxxx
Totals ................ $123,498.06 $0.00 $123,498.06
Bonds and Securities
$357,504
-------- - - - - --
--------------
SERVICE CHARGES (1)
1 N467PAGE0747
1
CITY OF GILROY No. 94 -26
DEPARTMENT OF PUBLIC WORKS ------- - - - - --
DEVELOPMENT COST SCHEDULE Date 05- Apr -94
FINAL ESTIMATE ------- - - - - --
Prepared by M. Fachin
NOTE: This 100 % cost schedule has been adjusted to the
rates in
effect at the time Building Permits were issued.
Location of Property HILLCREST III
-----------------------------------------------------
Assessor's Parcel No. Portion of 783 -42 -028 & 029
-----------------------------------------------------
Name of Applicant Kaufman and Broad
-----------------------------------------------------
Mailing Address 1604 North Main St., Salinas, Ca. 93906
-----------------------------------------------------
(Number of
Reimbursements and credits: Site Information:
Units /Sq Ft)
• Country Estates Water System? Y Single Family Res units?
14
• Country Estates Sewer System? N High Density Res units?
0
• Northwest Quadrant Sewer? N High Traffic Commercial?
0
• Obata Industrial Park Credit? N Low Traffic Commercial?
0
N General Industrial?
0
Commercial /Industrial Allocations: N Warehouse Industrial?
0
• Sewer Allocation GPD 0 Common Area?
0
• Water Allocation GPD 0 N Assembly Hall?
B Storm Basin
No. Lots 14 Number of Lots Used in Estimate
14
Total Area 2.540 Acres Number of Acres Used in Estimate
2.540
Actual FF 960.00 Feet Front Footage used for FF Charges
0.00
Front Footage used for Cost of Improvements and Const Water
960.00
Special Public Works Services 100 - 2600 -3- 600400
$4,718.18
(Includes Administration Fee(s) for Reimbursements)
------ - - - - --
Maps: 100%
$4,718.18
Final $3,025.00 + $50.00 /lot
Parcel $1,070.00 + $100.00 /lot
Reapportionment (Assessment District Parcels)
$1,767.00 + $100.00 /lot
Administration Fees:
Country Estates Water System
(Not Included)
Country Estates Sewer Trunk Main
(Not Included)
Northwest Quadrant Sewer Trunk Main
(See Attached Worksheet)
COST SCHEDULE (1)
Y $3,725.00
N $0.00
N $0.00
$0.00
$0.00
$60.00
4 6
7 PAGE 748
;.
Miscellaneous Engineering Services:
(Cost Schedules, Agreements, R/W Reviews and Other
Misc. Services)
10 hr Misc Services $77.00
/hr. Y
$770.00
Public Works Microfilming (Maps and Plans):
1- 6 sht $149.94 + $6.62
/sheet
$163.18
7 -12 sht $191.84 + $6.62
/sheet
$0.00
13 -18 sht $233.73 + $6.62
/sheet
$0.00
# of Shts 2
Engring Plan Check and Inspection
100 - 2600 -3-
600412 $20,728.10
(Based on total cost of public
------ - - - - --
right -of -way improvements)
100% $20,728.10
0 hr Onsite grading $77.00
/hr. N
$0.00
Offsite Improvements to be Bonded
$238,336
Actual Cost of Public Improvements
$238,336
10% of first $100,000
$10,000.00
8% of $100,000 to $200,000
$8,000.00
7% of over $200,000
$2,683.52
Fire Hydrant Location Fee
Number of Fire Hydrants
4
Fst Five $44.58 + $4.46
/ea additional
$44.58
Storm Drain Development Fee
42X- 2600 -3- 680200
Zone A $2,216.82 /acre
Zone A -1 $4,418.71 /acre
Zone B $2,076.34 /acre
Zone C $3,535.99 /acre
Zone D $2,193.17 /acre
Zone E $1,652.28 /acre
Zone F
Zone Q
$3,051.34 /acre
$2,774.18 /acre
Zone R $1,387.57 /acre
Obata Industrial Park Credits
Obata Fee Credit $1,170.00 /acre
COST SCHEDULE (2)
100%
Y $0.00
Y $0.00
Y $5,273.90
Y $0.00
Y $0.00
Y $0.00
Y $0.00
Y $0.00
Y $0.00
Y $0.00
$5,273.90
$5,273.90
N4 6 I P A GED ?49
Front Foot Charges:
(Used to charge and reimburse fees for existing infrastructure)
Water 801- 0000 -2- 229015 $0.00
Water Mains, including fire hydrants, 100% $0.00
valves and box:
(Developer is responsible for up to
and including 12" mains)
Half Pipe
6 " Main $12.50 / f.f. x
8 " Main $13.50 / f.f. x
10 " Main $15.00 / f.f. x
12
" Main
$16.50
/
f.f. x
14
" Main
$18.50
/
f.f. x
16
" Main
$20.50
/
f.f. x
Country Estates Water System
(Not Included)
Sewer
Front Footage
N
0.00 =
$0.00
-------
N
_------
- - - - -- ------
0.00 =
- - - - -- ------
- - - - --
$0.00
N
0.00 =
- - - - --
$0.00.
_------
N
- - - - -- ------
0.00 =
- - - - --
$0.00
-------
N
- - - - -- ------
0:00 =
- - - - --
$0.00
-------
N
------------
- - - - -- ------
0.00 =
------
- - - - --
$0.00
- - - - --
/
f.f. x
$0.00
Sewer Mains, including manhole:
(Developer is responsible for up to
and including 12" mains)
Half Pipe
6
" Main
$12.00
/
f.f. x
8
" Main
$12.50
/
f.f. x
10
" Main
$14.00
/
f.f. x
12
" Main
$15.50
/
f.f. x
15
" Main
$19.00
/
f.f. x
Northwest Quadrant Sewer Trunk Main
(See Attached Worksheet)
Country Estates Sewer Trunk Main
(Not Included)
COST SCHEDULE (3)
801 - 0000 -2- 229015 $6,042.00
100% $6,042.00
Front Footage
N ' 0.00 =
_------ - - - - -- ------
$0.00
- -
N 0.00 =
- - --
$0.00
_ ------------ ------
N 0.00 =
- - - - --
$0.00
_------ - - - - -- ------
N 0.00 =
- - - - --
$0.00
_ ------------ ------
N 0.00 =.
_ ------------ ------
- - - - --
$0.00
- - - - --
$6,042.00
$0.00
COST SCHEDULE (4)
7 PA' GIE 0 ?50 �
Street Improvements
801
- 0000 -2- 219015
$0.00
100%
$0.00
Pavement- .
- - -
_
-
Square
Footage
-- - -: - -
--
3" AC on 8"
AB
$2.42
x
0.00 =
$0.00
3" AC on 10"
AB
$2.71
x
0.00 =
$0.00
3" AC on 12"
AB
$2.99
x
0.00 =
$0.00
3" AC on 15"
AB
$3.43
x
0.00 =
$0.00
Square
Footage
Sidewalk 4"
on 4"
$4.43
x
0.00 =
$0.00
and driveway
------
- - - - --
Front
Footage
Curb /Gutter
-
on 6"
$14.39
x
0.00 =
$0.00
Storm Drain
------
801-
- - - - -- ------ - - - - --
0000 -2- 229015
$0.00
100%
$0.00
Storm Mains,
including manholes and
catch
basins:
(Developer is
responsible
for up to
and including
24"
mains)
Half
Pipe
Front
Footage
----
18 " Main
- - - - --
$19.00
/ f.f.
x
-------
N
- - - - --
0.00 =
$0.00
21 " Main
$20.50
/ f.f.
x
N
0.00 =
$0.00
24 " Main
$22.00
/ f.f.
x
N
0.00 =
$0.00
27 " Main
$23.50
/ f.f.
x
-------
N
- - - - -- ------
0.00 =
- - - - --
$0.00
30 " Main
$25.00
/ f.f.
x
_------
N
- - - - -- ------
0.00 =
- - - - --
$0.00
33 " Main
$26.50
/ f.f.
x
_------
N
- - - - -- ------
0.00 =
- - - - --
$0.00
36 " Main
$28.00
/ f.f.
x
_------
N
- - - - -- ------
0.00 =
- - - - --
$0.00
42 " Main
$31.00
/ f.f.
x
-------
N
- - - - -- ------
0.00 =
- - - - --
$0.00
48 " Main
$34.00
/ f.f.
x
_------
N .
- - - - -- ------
0.00 =
- - - - --
$0.00
54 " Main
$37.00
/ f.f.
x
-------
N
- - - - -- ------
0.00 =
- - - - --
$0.00
60 " Main
$40.00
/ f.f.
x
-------
N
- - - - -- ------
0.00 =
- - - - --
$0.00
66 " Main
$43.00
/ f.f.
x
N
0.00 =
$0.00
72 " Main
$46.00
/ f.f.
x
_------
N
- - - - -- ------
0.00 =
- - - - --
$0.00
78 " Main
$49.00
/ f.f.
x
-------
N
-------
- - - - -- ------
0.00 =
- - - - -- ------
- - - - --
$0.00
- - - - --
COST SCHEDULE (4)
84•"
Main
$52.00
/
f.f. x
90
Main
$55.00
/
f.f. x
96
Main
$58.00
/
f.f. x
X144 5 7PAGE 75
N 0.00 = $0.00
------- - - - - -- ---- - - - - --
N 0.00 = $0.00
N 0.00 = $0.00
Utility Underground Fee 431- 2600 -3- 680300 $0.00
Front Footage 100% $0.00
$118.36 / f.f. x N 0.00
Traffic Impact Fee 433 - 2600 -3- 681000 $38,178.00
100% $38,178.00
Single Family Res $2,727.000 /d.u. Y $38,178.00
High Density Res
Commercial High- traffic
(> 4 trips /1000 sf)
Commercial Low- traffic
(<= 4 trips /1000 sf)
Industrial General
$2,209.000 /d.u. Y $0.00
$6.083 /gross s.f. Y $0.00
$3.000 /gross s.f. Y $0.00
$1.175 /gross s.f. Y $0.00
Industrial Warehouse $0.866 gross s.f. Y $0.00
Sewer Development Fee 435- 2600 -3- 671000
a.Single Family Residential: 100%
$2,186.00 / dewelling unit Y $30,604.00
b.High Density Residential:
$0.00 / dewelling unit
Y $0.00
c.Commercial /Industrial:
$825.00 / 100 gals. /day or Y $0.00
$2,186.00 , whichever is greater =------ - - - - --
d.Additional allocation for
$30,604.00
$30,604.00
existing service that does not 25% of sewer development fee
have a sewer allocation agreement: Y/N N
Country Estates Sewer Trunk Main $0.00
(Not Included) ------ - - - - --
Obata Industrial Park Credits
(Based on reimbursements due from oversized sewer facilities)
Obata Fee Credit $531.00 /acre $0.00
COST SCHEDULE (5)
Water Development Fee 436- 2600 -3- 695000 $15,050.00
100% $15,050.00
a.Single Family Residential:
$1,075.00 / dewelling unit Y $15,050.00
b.Commercial /Industrial:
$1,123.00 / 1,000 gals. /day or Y $0.00
c.Additional allocation for
existing service that does not 100% of water development fee
have a water allocation agreement: Y/N N
Obata Industrial Park Credits
(Based on reimbursements due from oversized water facilities)
Obata Fee Credit $154.00 /acre $0.00
Water User Fee (Construction) 720 - 0433 -3- 690000 Y $2,903.88
100% $2,903.88
$2.58 / f.f. + $168.14 /a.c.
Bonds and Securities 801 - 0000 -2- 229015 * $357,504
* Not included in TOTAL DUE ------ - - - - --
(est)
TOTAL DUE CITY $123,498.06
100% $123,498.06
NOTE: All deferred and /or estimated fees will be adjusted to the rates in
effect at the time Building Permits are issued. The undersigned
agrees to provide actual construction costs for recalculation of
fees and pay any underestimated fees prior to final acceptance. If
the recalculated fees are less than the estimate, the City of
Gilroy will refund the difference.
Accepted by: _
Date: S--/7- — / 7
COST SCHEDULE (6)
f44-6 7PAGE0753
NORTHWEST QUADRANT SEWER REIMBURSEMENT
DATE
MONTH -YEAR
4 - 94
PROJECT:HILLCREST III
14
-----------------------------------------------------
OWNER/DEVELOPER:Kaufman and Broad
949
Units
-----------------------------------------------------
DEVELOPMENT AGREEMENT:94 -26
-------- - - - - --
Shares
------ - - - - --
149
I. Project Cost
73
7.692%
Total Cost $298,381.35 /
1500 =
$198.92 /Unit
II. Developer
------
Units
- - - - -- ------
Shares
- - - - --
-------- - - - - --
MEADS I, II & III
149
15.936%
OVERLAND I & II
73
7.807%
BRENTWOOD (C.H. I, II & III)
116
12.406%
GLEN LOMA (D.P. I, II & III)
119
12.727%
DOLLAR
44
4.706%
MARTIN
33
3.529%
RANCHO REAL
17
1.818%
RANCHO HILLS
60
6.417%
COUNTRY ESTATES
58
6.203%
SOUTH COUNTY HOUSING
24
2.567%
LYON /ARCADIA DEVELOPMENT CO.
76
8.128%
SCHAAL
111
11.872%
LYON /ARCADIA DEVELOPMENT CO.
55
5.882%
III. New Developer
KAUFMAN & BROAD
IV. Recommended Shares Based on
------------------------ - - - - --
Developer
MEADS I, II & III
OVERLAND I & II
BRENTWOOD (C.H. I, II & III)
GLEN LOMA (D.P. I, II & III)
DOLLAR
MARTIN
RANCHO REAL
RANCHO HILLS
COUNTRY ESTATES
SOUTH COUNTY HOUSING
LYON /ARCADIA DEVELOPMENT CO.
SCHAAL
LYON /ARCADIA DEVELOPMENT CO.
KAUFMAN & BROAD
935 99.998%
Units
14
949
Units
Units
Shares
------ - - - - --
149
------ - - - - --
15.701%
73
7.692%
116
12.223%
119
12.540%
44
4.636%
33
3.477%
17
1.791%
60
6.322%
58
6.112%
24
2.529%
76
8.008%
111
11.697%
55
5.796%
14
1.475%
949 99.999%
NORTHWEST QUADRANT (1)
N4 6 7 PAGE 0754
,'V. Cost of Money Computation
------------------------------
-. Development- Units Built are - 935 x $198_92- - $185,990 - -- --
Project Cost $298,381.35 - $185,990 = $112,391
Cost 1.00% per month since 1 -1 -86 equals 99 %= $111,267
Add Back Project Cost + $298,381
Total Cost $409,648
VI. Contributions from New Developers
-------------------------------------------
Developer Shares Contribution City Fee
-------- - - - - -- -------- - - - - -- ------ - - - - -- ------ - - - - --
KAUFMAN & BROAD 0.01475 $6,042 $60
------ - - - - -- ------ - - - - --
Total Contribution $6,042 $60
VII.
CITY FEE EQUALS
1.00% of contribution
CONTRIBUTION TO BE DISTRIBUTED
Distribution of Fees
------------------------ - - - - --
Developer
MEADS I, II & III
OVERLAND I &_ II
BRENTWOOD (C.,H. I, II & III)
GLEN LOMA (D.P. I, II & III)
DOLLAR
MARTIN
RANCHO REAL
RANCHO HILLS
COUNTRY ESTATES
SOUTH COUNTY HOUSING
LYON /ARCADIA DEVELOPMENT CO.
SCHAAL
LYON /ARCADIA DEVELOPMENT CO.
CITY OF GILROY
DEVELOPERS USE ACCOUNT
CITY OF GILROY USE ACCOUNT
NORTHWEST QUADRANT (2)
Total
Contribution
$6,102
$6,102
$6,042
UNITS SHARES DISTRIBUTION
149
15.936%
$963
73
7.807%
$472
116
12.406%
$750
119
12.727%
$769
44
4.706%
$284
33
3.529%
$213
17
1.818%
$110
60
6.417%
$388
58
6.203%
$375
24
2.567%
$155
76
8.128%
$491
111
11.872%
$717
55
5.882%
$355
0
0
$60
------ - - - - -- ------
935
- - - - -- ------
99.998%
- - - - --
$6,102
801 - 0000 -2- 229015
100 - 2600 -3- 600400