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Kaufman and Broad - PDA No. 94-49c. $usanne E. Steinmetz, City Clerl City of Gilroy 735f"Rosanna'Street Gilroy, CA 95020 '"o, Lug� t PROPERTY DEVELOPMENT AGREEMENT RESIDENTIAL '4 tEO AGREEMENT FOR EXTENSIONS OF WATER DISTRIBUTION SYSTEMS: IMPROVEMENT OF STREETS: INSTALLATION OF SEWERS, STORM DRAINS AND OTHER PUBLIC WORKS FACILITIES 12759133 c o c( rid y 414 DEC 23 t 4 ! SANI1 A C A � �9 T i NO. -, a This agreement made and entered into this 19th day of December 19 94 , by and between the City of Gilroy, a municipal corporation, herein called the "City" and Kaufman f Rrnar7_ Mnntarau R;y 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: Tract 8708- Hillcrest 4 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. -1- r M71 1 PAGE0888 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 $ 1,757,037.00 , 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. SECTION 4 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- N7 i I PIGE0837 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- P ►► 1 P GE 0838 SECTION 9 That the attached Development Cost Schedule enumerates all fees and their extensions. TOTAL AMOUNT DUE CITY S 1,351,759.52 IN WITNESS WHEREOF, said parties have caused these presents to be executed the date and year first above written. ATTE Susanne E. Steinmetz, City Cler DEVELOPER KAUFMAN AND BROAD - MONTEREY BAY, INC. BY M h ,� cgi President. & Chairman FORM APPROVED: BYj� ll� \ ' Chief Financial 11 Officer DAT Lin allont,, City Attorney . -LL glvl�'�o 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. -4- N7 i IPAGE0839 CALIFORNIA ALL - PURPOSE ACKNOWLEDGMENT State of Cal if orni County of Los Angeles On December 13, 1994 before me, Linda J. Kentner, Notary Public DATE NAME, TITLE OF OFFICER - E.G., "JANE DOE, NOTARY PUBLIC' personally appeared John H. Bremond and Mark C. Butler NAME(S) OF SIGNER(S) XX_1 personally known to me - OR - ❑ proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is /are subscribed to the within instrument and ac- knowledged to me that he /she /they executed the same in his /her /their authorized capacity(ies), and that by his /her /their OFFICIAL SEAL Linda J Kentner signature(s) on the instrument the person(s), ~NOTARY PUBLIC CALIFORNIA LOSANGELES COUNTY ^^l or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. SIGNATURE OF NOTA Y OPTIONAL No. 5907 Though the data below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent reattachment of this form. CAPACITY CLAIMED BY SIGNER ❑ INDIVIDUAL ❑ CORPORATE OFFICER TITLE(S) ❑ PARTNER(S) ❑ LIMITED ❑ GENERAL ❑ ATTORNEY -IN -FACT ❑ TRUSTEE(S) ❑ GUARDIAN /CONSERVATOR ❑ OTHER: SIGNER IS REPRESENTING: NAME OF PERSON(S) OR ENTITY(IES) DESCRIPTION OF ATTACHED DOCUMENT TITLE OR TYPE OF DOCUMENT NUMBER OF PAGES DATE OF DOCUMENT SIGNER(S) OTHER THAN NAMED ABOVE 01993 NATIONAL NOTARY ASSOCIATION • 8236 Remmet Ave., P.O. Box 7184 • Canoga Park, CA 91309 -7184 x!71 1 P4 cc08 4 0 CITY OF GILROY DEPARTMENT OF PUBLIC WORKS ENGINEERING DIVISION COST SCHEDULE 94 -49 CALLE DEL REY REIMBURSEMENT SHEET The following amounts have been credited to the development fees of Tract No. 8708 for the utility undergrounding of Calle Del Rey along the Church's frontage: STORM DRAIN• 160 feet of 15" Storm Drain @ 24.00 /LF 2 Catch Basins @ 1000 /ea WATER LINE: 792.59 feet of 8" water @ 28.00 /LF 3 Fire Hydrant Assemblies @ 1800 /ea SANITARY SEWER: 375 feet of 8" sewer @ 28.00 /LF 3 manholes @ 2400 /ea $3840.00 2000.00 TOTAL 5840.00 $22,192.52 5,400.00 TOTAL 27,592.52 $10,500.00 7,200.00 17,700.00 NOTE: These reimbursements are being made based on a cost estimate provided by the engineer. The reimbursement amount will be adjusted before project acceptance by the City based on actual improvement costs. 7I 1p4GE484I Stipulations to Property Development Agreement No. 94 -49 1. The developer is responsible for installing all the improvements as shown on Tract 8708 Improvement Plans, designed by Greiner, Inc. W :3 71 1 PA GE084 2 moor s �. 'mss surt�i tnj- IN EXHIBIT A VICINITY MAP TRACT No. 8708 Development Agreement No. 94 -49 2 `Ul/ 5 4 Totals ..............$1,402,892.04 Bonds and Securities $2,635,556 -------- - - - - -- -------------- SERVICE CHARGES (1) $51,132.52 $1,351,759.52 -------- - - - - -- -------------- H71 1 PACE0843 CITY OF GILROY DEPARTMENT OF PUBLIC WORKS DATE: 26- Nov -94 ENGINEERING DIVISION ---- - - - - -- FINAL CHARGES NUMBER: 94 -49 PROJECT LOCATION: Tract No. 8708, Calle Del Rey PARCEL NUMBER: ------------------------------------------------------- Portions of A.P.N. 783 -21 -014 & 036 OWNER /DEVELOPER: ------------------------------------------------------- Kaufman and Broad Monterey Bay Inc. MAILING ADDRESS: ------------------------------------------------------- 1604 N. Main Street, Salinas, Ca. 93906 TELEPHONE NO: ------------------------------------------------------- 408 - 442 -7615 PREPARED BY: ------------------------------------------------------- Mark Fachin Account No./ ------------------------------------------------------- G/L Account Key Code - - - - -- Fee: -------- - - - - -- ------ Credits: Amount Due: - - - - -- -------- - - - - -- Description: ------ - - - - -- ------------- 100- 2600 -3- 600400/ $9,322.66 $0.00 $9,322.66 PW Services 4904 100 - 2600 -3- 600412/ $126,992.59 $0.00 $126,992.59 Plan Ck /Insp 4702 410 - 2400 -3- 629000/ $585,310.00 $0.00 $585,310.00 Park Fee 3302 420 - 2600 -3- 680200/ $6,770.18 $5,840.00 $930.18 Storm Fee 4501 431 - 2600 -3- 680300/ $0.00 $0.00 $0.00 Undrgrnd Fee 5001 432 - 2400 -3- 625000/ $2,590.41 $0.00 $2,590.41 Tree Fee 3301 433 - 2600 -3- 681000/ $233,070.00 $0.00 $233,070.00 Traffic Fee 4905 434 - 1400 -3- 680000/ $30,515.00 $0.00 $30,515.00 Police Fee 4402 435 - 2600 -3- 671000/ $231,795.00 $17,700.00 $214,095.00 Sewer Fee 4509 436 - 2600 -3- 695000/ $132,005.00 $27,592.52 $104,412.48 Water Fee 4510 437 - 1500 -3- 680000/ $6,715.00 $0.00 $6,715.00 Fire Fee 4511 720 - 0433 -3- 690000/ $5,988.20 $0.00 $5,988.20 Const Water 2202 801 - 0000 -2- 229015/ $31,818.00 $0.00 $31,818.00 Reimbrsmnts 4703 801 - 0000 -2- 229015/ $0.00 $0.00 $0.00 XXXXXXXXXXXX 4703 801 - 0000 -2- 229015/ $0.00 $0.00 $0.00 XXXXXXXXXXXX 4703 Totals ..............$1,402,892.04 Bonds and Securities $2,635,556 -------- - - - - -- -------------- SERVICE CHARGES (1) $51,132.52 $1,351,759.52 -------- - - - - -- -------------- 7 I I PA GE084 4 CITY OF GILROY No. 94 -49 DEPARTMENT OF PUBLIC WORKS ------- - - - - -- DEVELOPMENT COST SCHEDUL Date 26- Nov -94 FINAL ESTIMATE ------- - - - - -- Prepared by Mark Fachin NOTE: Thi 100 % cost schedule has been adjusted to the rates in effect at the time Building Permits were issued. Property Location Tract No. 8708, Calle Del Rey --------------------------------------- Assessor Parcel No. Portions of A.P.N. 783 -21 -014 & 036 --------------------------------------- Name of Applicant Kaufman and Broad Monterey Bay Inc. --------------------------------------- Mailing Address 1604 N. Main Street, Salinas, Ca. 93906 Site Information: Commercial /Industrial Allocations: Reimbursements and credits: • Country Estates Water System? • Country Estates Sewer System? Sewer GPD: Water GPD: 0 0 Y Northwest Quadrant Sewer? N Obata Industrial Park Credit? Front Footage for Front Foot Charges and Construction Water: Street Tree FF: Water FF: Sewer FF: Storm FF: Const Water: 7,618.84 0.00 * 0.00 0.00 1,000.00 Special Public Works Services 100- 2600 -3- 600400 Acres: Lots: Units: Sq Ft: • Residential -Low ? 20.270 85 85 • Residential -High ? 0.000 0 0 • Commercial -Low ? 0.000 0 0 • Commercial -High ? 0.000 0 0 • Industrial - General 0.000 0 0 • Industrial - Warehou 0.000 0 0 • Assembly Hall? 0.000 0 0 Common Area? 0.000 Y 0 Commercial /Industrial Allocations: Reimbursements and credits: • Country Estates Water System? • Country Estates Sewer System? Sewer GPD: Water GPD: 0 0 Y Northwest Quadrant Sewer? N Obata Industrial Park Credit? Front Footage for Front Foot Charges and Construction Water: Street Tree FF: Water FF: Sewer FF: Storm FF: Const Water: 7,618.84 0.00 * 0.00 0.00 1,000.00 Special Public Works Services 100- 2600 -3- 600400 (Includes Administration Fee(s) for Reimbursements) Maps: 100% Final $3,025.00 + $50.00 /lot Y $7,275.00 Parcel $1,070.00 + $100.00 /lot N $0.00 Reapportionment (Assessment District Parcels) = -------------- $1,767.00 + $100.00 /lot N $0.00 Administration Fees: =-------------- Country Estates Water System Y $0.00 (Not Included) =-------------- Country Estates Sewer Trunk Main Y $0.00 (Not Included) =-------------- Northwest Quadrant Sewer Trunk Main Y $318.00 (See Attached Worksheet) _-------------- COST SCHEDULE (1) $9,322.66 $9,322.66 7 1 1 PACE Q Q Miscellaneous Engineering Services: (Cost Schedules, Agreements, R/W Reviews and Other Misc. Services) 20 hr Misc Service $77.00 /hr. Y $1,540.00 Public Works Microfilming (Maps and Plans): 1- 6 sh $149.94 + $6.62 /sheet Y $189.66 7 -12 sh $191.84 + $6.62 /sheet Y $0.00 13 -18 sh $233.73 + $6.62 /sheet Y $0.00 # of Sht 6 Engring Plan Check and Inspection (Based on total cost of public right -of -way improvements) 10 hr Site grading $77.00 /hr. 100 - 2600 -3- 600412 $126,992.59 100% $126,992.59 N $0.00 Actual Cost of Public Improvements $1,757,037 10% of first $1001000 Y $10,000.00 8 %of $100,000 - $200,000 Y $8,000.00 7% of over $200,000 Y $108,992.59 Offsite Improvements to be Bonded $1,757,037 Park Impact Fee a.Residential -Low b.Residential -High Storm Drain Impact Fee a.Residential -Low b.Residential -High c . Commercial d.Industrial 410 - 2400 -3- 629000 $585,310.00 100% $585,310.00 Y $585,310.00 $6,886.00 /unit $4,918.00 /unit Y $0.00 420 - 2600 -3- 680200 $334.00 /acre $501.00 /acre $668.00 /acre $751.00 /acre 100% Y $6,770.18 Y $0.00 Y $0.00 Y $0.00 e.Assembly Hall $334.00 /acre Y $0.00 Obata Industrial Park Credits (Based on reimbursements due from oversized storm facilities) Obata Fee Credit $1,170.00 /acre Y $0.00 COST SCHEDULE (2) $6,770.18 $6,770.18 71IPAGEO846 Utility Underground Fee 431 - 2600 -3- 680300 $0.00 100% $0.00 Front._Footage. $118.36 /f.f. x N 0.00 Street Tree Fee 432 - 2400 -3- 625000 $2,590.41 Front Footage 100% $2,590.41 a.City Planting and Replacement ------- - - - - -- $2.45 /f.f. x N 0.00 = $0.00 ------------ -------- - - - - -- b.Inspection and Replacement $0.34 /f.f. x Y 7,618.84 = $2,590.41 _ ------------ -------- - - - - -- Traffic Impact Fee a.Residential -Low 433 - 2600 -3- 681000 $233,070.00 $2,742.00 /unit b.Residential -High $2,222.00 /,unit c.Commercial -Low Traffic ( <= 4 trips /1000 sf $3,032.00 /k.s.f. d.Commercial -High Traffic (> 4 trips /1000 sf) $6,127.00 /k.s.f. e.Industrial- Genera f.Industrial- Wareho Police Impact Fee a.Residential -Low b.Residential -High c . Commercial d.Industrial $1,184.00 /k.s.f. $872.00 /k.s.f. 100% $233,070.00 Y $233,070.00 Y $0.00 Y $0.00 Y $0.00 Y $0.00 Y $0.00 434 - 1400 -3- 680000 $30,515.00 100% $30,515.00 $359.00 /unit Y $30,515.00 $529.00 /unit $561.00 /k.s.f. $18.00 /k.s.f. COST SCHEDULE (3) Y $0.00 Y $0.00 Y $0.00 H7I1PACE0847 Front Foot.Charges: (Used to charge and reimburse fees for existing infrastructure) Water 801- 0000 -2- 229015 _.._ $0.00 Water Mains, including fire hydrants, valves and box: (Developer is responsible for up to and including 12" mains) 100% $0.00 Half Pipe Main $12.00 Front Footage Main ---- - - - - -- 6 Main $12.50 /f.f. x ------- N - - - - -- 0.00 - $0.00 8 Main $13.50 /f.f. x ------------ N -------- 0.00 = - - - - -- $0.00 10 Main $15.00 /f.f. x ------------ N -------- 0.00 = - - - - -- $0.00 12 Main $16.50 /f.f. x ------------ N -------- 0.00 = - - - - -- $0.00 14 Main $18.50 /f.f. x ------------ N -------- 0.00 = - - - - -- $0.00 16 Main $20.50 /f.f. x ------------ N ............ -------- 0.00 = -------- - - - - -- $0.00 - - - - -- Country Estates Water System Y $0.00 (Not Included) _ -------------- Sewer 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 801 - 0000 -2- 229015 $31,818.00 100% $31,818.00 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 - - - - -- Northwest Quadrant Sewer Trunk Main (See Attached Worksheet) Country Estates Sewer Trunk Main (Not Included) COST SCHEDULE (5) Y $31,818.00 Y $0.00 7VI PACE p848 Sewer Impact Fee 435 - 2600 -3- 671000 $231,795.00 100% $231,795.00 .a.Residential -Low. $2,727.00 /-unit..._..___..._ Y $231, -795.00. b.Residential -High $1,948.00 /unit Y $0.00 c.Commercial /Industrial $950.00 / 100 gals. /day Y $0.00 Country Estates Sewer Trunk Main Y $0.00 (Not Included) _-------- - - - - -- Obata Industrial Park Credits (Based on reimbursements due from oversized sewer facilities) Obata Fee Credit $531.00 /acre Y $0.00 Water Impact Fee 436 - 2600 -3- 695000 $132,005.00 100% $132,005.00 a.Residential -Low $1,553.00 /unit Y $132,005.00 b.Residential -High $1,109.00 /unit Y $0.00 c.Commercial /Industrial $2,360.00 / 1,000 gals. /day Y $0.00 Obata Industrial Park Credits (Based on reimbursements due from oversized water facilities) Obata Fee Credit $154.00 /acre Y $0.00 Fire Impact Fee a.Residential -Low b.Residential -High c . Commercial 437 - 1500 -3- 680000 $79.00 /unit $105.00 /unit $70.00 /k.s.f. 100% Y $6,715.00 Y $0.00 Y $0.00 $6,715.00 $6,715.00 d.Industrial $9.00 /k.s.f. Y $0.00 Water User Fee (Construction) 720 - 0433 -3- 690000 Y $5,988.20 100% $5,988.20 $2.58 /f.f. COST SCHEDULE (4) + $168.14 /a.c. COST SCHEDULE (6) 7 V I PAGE 0849 Street Improvements 801- 0000 -2- 229015 $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 (6) 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� COST SCHEDULE (7) 17rtPAGE0850 84 Main - $52.00 /f.f. x N 0.00 = $0.00 90 Main $55.00 /f.f. x ------------ -------- - - - - -- N 0.00 = $0.00 96 Main $58.00 /f.f. x N 0.00 = $0.00 ------------ -------- - - - - -- Bonds and Securities 801 - 0000 -2- 229015 * $2,635,556 * Not included in TOTAL DUE ------ - - - - -- (est) 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� COST SCHEDULE (7) H7 I' I PQ GE 0 8 5 NORTHWEST QUADRANT SEWER REIMBURSEMENT DATE MONTH -YEAR 11 94 PROJECTract No. 8708, Calle Del Rey ------------------------------------------------------- OWNER/DEVELOPEKaufman and Broad Monterey Bay Inc. ------------------------------------------------------- DEVELOPMENT AGREEMEN94 -49 -------- - - - - -- I. Project Cost -------- - - - - -- Total Cost $298,381.35 / II. Existing Developers 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 KAUFMAN & BROAD 1500 = $198.92 /Unit Units 149 73 116 119 44 33 17 60 58 24 76 111 55 14 47 Shares 14.960% 7.329% 11.647% 11.948% 4.418% 3.313% 1.707% 6.024% 5.823% 2.410% 7.631% 11.145% 5.522% 1.406% 4.719% 996 100.002% III. Recommended Shares With New Developer Kaufman and Broad Monterey ------------------------------------ - - - - -- --------------------- - - - - -- 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 KAUFMAN & BROAD Kaufman and Broad Monterey Bay Units Shares ------ - - - - -- -------- 149 - - - - -- 13.784% 73 6.753% 116 10.731% 119 11.008% 44 4.070% 33 3.053% 17 1.573% 60 5.550% 58 5.365% 24 2.220% 76 7.031% 111 10.268% 55 5.088% 14 1.295% 47 4.348% 85 7.863% 1081 100.000% NORTHWEST QUADRANT (1) ,IV.. � , Cost, of Money Computation V. VI. 7)' 1 PAGE0852 Development. ..Units Built are _ 996 x Project Cost $298,381.35 - Cost 1.00% per month since 1 -1 -86 equal Add Back Project Cost Total Cost Contributions from New Developers ------------------------------------ - - - - -- $198.92 = $198,124 _.- $198,124 = $100,257 106 % = $106,272 + $298,381 $404,653 Total Developer Shares Contribution City Fee Contribution -------- - - - - -- -------- - - - - -- ------ - - - - -- -------- - - - - -- ------ - - - - -- Kaufman and Bro 0.07863 $31,818 $318 $32,136 ------ - - - - -- -------- - - - - -- ------ - - - - -- Total Contribution $31,818 $318 $32,136 CITY FEE EQUALS 1.00% of contribution CONTRIBUTION TO BE DISTRIBUTED Distribution of Fees ----------------------- - - - - -- Developer MEADS I, II & III 14.960% OVERLAND I & II 7.329% BRENTWOOD (C.H. I, II & III) GLEN LOMA (D.P. I, II & III) DOLLAR 4.418% MARTIN 3.313% RANCHO REAL 1.707% RANCHO HILLS 6.024% COUNTRY ESTATES 5.823% SOUTH COUNTY HOUSING 2.410% LYON /ARCADIA DEVELOPMENT CO. SCHAAL 11.145% LYON /ARCADIA DEVELOPMENT CO. KAUFMAN & BROAD 1.406% KAUFMAN & BROAD 4.719% CITY OF GILROY 0 DEVELOPERS USE ACCOUNT CITY OF GILROY USE ACCOUNT NORTHWEST QUADRANT (2) Units Shares 149 14.960% 73 7.329% 116 11.647% 119 11.948% 44 4.418% 33 3.313% 17 1.707% 60 6.024% 58 5.823% 24 2.410% 76 7.631% 111 11.145% 55 5.522% 14 1.406% 47 4.719% 0 0 996 100.002% 801 - 0000 -2- 229015 100 - 2600 -3- 600400 $31,818 Distribution $4,760 $2,332 $3,706 $3,802 $1,406 $1,054 $543 $1,917 $1,853 $767 $2,428 $3,546 $1,757 $447 $1,501 $318 $32,137