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3290 AGREEMENT 1517740
THIS DOCUMENT HAS BEEN RECORDED
BETWEEN IN THE PUBLIC RECORDS OF
INDIAN RIVER COUNTY FL
BK : 1695 PG : 1707 , Pagel of 13
INDIAN RIVER COUNTY, FLORIDA 02/20/2004 at 03 :53 PM ,
JEFFREY K BARTON, CLERK OF
AND COURT
THOMAS REYES, PROPERTY OWNER
FOR THE CONSTRUCTION OF OFF-SITE SANITARY UTILITIES TO SERVE THE
REYES DUPLEX AND THE SURROUNDING RESIDENTIAL COMMUNITY
THIS AGREEMENT by and between INDIAN RIVER COUNTY, a political subdivision of the State of
Florida, the address of which is 1840 25th Street, Vero Beach , Florida 32960 (hereinafter the "COUNTY")
and THOMAS J. REYES, the address of which is 6615110'' Street, Vero Beach, Florida (hereinafter the
DEVELOPER) is effective upon execution by the second of the two parties .
WHEREAS , the DEVELOPER, in conjunction with the construction improvements at Reyes Duplex, is
providing wastewater facilities to serve the subject property located at 6615 1101' Street, Vero Beach, Florida
and more specifically described in Exhibit "A"; and
WHEREAS , the DEVELOPER, was initially required to construct a privately owned lift station and force
main to connect to the County sewer collection system and where it would benefit other area residents along
110`h Street by having a gravity sewer system available . And where it would benefit the community and the
Developer to construct a gravity sewer collection system to service all parties ' needs .
WHEREAS , the COUNTY ' S financial share of the proposed gravity sewer will be reimbursed over time
as other residents connect to the sewer system.
WHEREAS , pursuant to Section 918 . 05 , The Code of Indian River County (Ordinance 90 - 16, as
amended), the COUNTY requires the DEVELOPER to provide the utility improvements to serve the regional
area, and agrees to reimburse the DEVELOPER, as provided herein, for the cost of providing these off-site
utilities ,
NOW, THEREFORE, for and in consideration of the mutual promises set forth herein and other good and
valuable consideration, the COUNTY and DEVELOPER agree as follows :
1 . OFF- SITE UTILITIES :
The DEVELOPER shall construct the necessary off-site utilities described herein as directed by the Indian
River County Utilities Department. The COUNTY shall reimburse the DEVELOPER for installation of an
offsite gravity sewer system as outlined below :
A . _6-inch & 8 -inch Diameter Gravity Sewer System along east side of US Highway # 1 to the beginning of
110`h St.
The DEVELOPER shall furnish and install a gravity sewer system along the east side US Highway # I
to the intersection of I I 01 Street. The gravity sewer system will consist of approximately 456-lineal
feet of 8 -inch PVC gravity sewer, three (3 ) sanitary manholes, 60-lineal feet of 6 -inch PE gravity
sewer and making connection to an existing sewage lift station located on 110"' Place and US
Highway # 1 . ( See Exhibit "C ")
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DUPLEX 2.DOC
Reimbursement: Following the DEVELOPER' s payment of Capacity Charges, the COUNTY shall
reimburse the DEVELOPER based on an itemized invoice of the installed material on a complete
basis — less 10% retainage, monthly, with final payment and release of retainage at the time the above
referenced facilities are dedicated to and accepted by the County. Reimbursement shall be in the form
of a check from the COUNTY, and shall not exceed the amount of $23 ,455 . 05 (see attached Exhibit-
B ) .
The DEVELOPER ' s contribution toward installation of the gravity sewer is $21 , 177 .25 . The
following table identifies the COUNTY ' s and DEVELOPER' S contribution towards the project.
Description Amount Remark
Developer' s Share $21 , 177 . 25 Upset value, not to be exceeded
County' s Share $23 ,455 . 05 Estimated Cost
Total Project Estimate $443632 . 30
B . Future installation of 8 " PVC ravity on 110'h Street
Reimbursement: The COUNTY shall reimburse the DEVELOPER based on an itemized invoice of
installed materials on a complete basis after the above-referenced facilities are dedicated to and
accepted by the COUNTY. The funds to reimburse the DEVELOPER shall derive from the
connection charges of other properties that use the constructed lines and facilities based on their share
of the hydraulic capacity used . The COUNTY ' S obligation to make reimbursement to the
DEVELOPER shall expire ten ( 10) years from the date of this Agreement. (See Exhibit "D" and "E")
Future payments to the DEVELOPER: If and when a sewer project is authorized on 110'hStreet in the
next ten ( 10) years, the DEVELOPER will be reimbursed by the COUNTY for a portion of the gravity
sewer along 110"' Street, less the DEVELOPER' S share. The reimbursement formula will be derived as
follows : There are 16 single-family lots (one ERU each) and two duplex lots (two ERU ' s each), which
can be partially served by this gravity sewer system along 110'hStreet (See Attachment 1 , Exhibit "D").
Today' s cost of installing this gravity sewer along 110'h Street is estimated to be $72,292 .60 (See Exhibit
"E"). This cost of $72,292 . 60 would be added to the above $44, 632 . 30 for a total project cost of
$ 116 ,924 .90 . Based on 20 ERU ' s ( 16 ERU plus 4 ERU), the cost per ERU is $ 116,924 .90 divided by 20
ERU or $ 5 , 846 . 25 . Since the DEVELOPER is developing 2 ERU, his share would be $ 11 , 692 . 50
($ 5 , 846 . 25 times 2) . $21 , 177 .25 less $ 11 ,692 . 50 equals $9 ,484 . 75 to be reimbursed to the DEVELOPER
as future customers connect to the system. $9,484 . 75 distributed by the 18 remaining ERU equals
$526 . 93 per ERU to be reimbursed to the DEVELOPER as others connect to the system up to a ten ( 10)
year period from the date of execution of this agreement.
2 . Amendment:
This Agreement may be modified only by a written instrument executed by all parties to the Agreement.
3 . Assignability:
Either party may assign this Agreement. However, the rights granted herein shall run with the land and are
not the personal property of the DEVELOPER. Therefore, while the DEVELOPER has the right under
this Agreement to freely transfer the rights and obligations granted by this Agreement, the assignee shall
not have the right to transfer these rights to another property unless this Agreement is amended in writing
by the assignee and the COUNTY.
f �
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4 . Authority:
Each party hereto represents and warrants to the other that the execution of this Agreement and any other
documents required or necessary to be executed pursuant to the provisions hereof are valid, binding
obligations and is enforceable in accordance with their terms .
5 . Bidding and Award :
Bid proposals and engineering costs related to the work described herein shall be subject to approval by
the Indian River County Department of Utility Services . The DEVELOPER agrees to use COUNTY ' S
bidding format to bid the construction of off-site utilities described herein . The DEVELOPER shall
submit to the Department of Utility Services for review all bids from licensed and qualified utility
contractors . The DEVELOPER shall utilize the lowest, most qualified bidder as solely determined by the
Indian River County Department of Utility Services . The term "qualified" shall be as determined by the
COUNTY . The COUNTY ' s reimbursement of construction costs to the DEVELOPER shall be
conditioned upon the Utility Services Department ' s approval of project costs . The DEVELOPER shall not
commence work unless the Utility Services Department provides written approval of the final construction
cost. The COUNTY may require redesign and/or re-bid if, in the COUNTY ' s sole discretion, project costs
significantly exceed those contained in Exhibit "B " . All contractors shall submit unit price bids containing
labor and material units in Exhibit "E", in lieu of a lump sum bid .
6 . Ca tip • ons :
Captions, if included, in this Agreement are included for convenience only and are not to be considered in
any construction or interpretation of this Agreement or any of its provisions .
7 . Construction Plans, Technical Specifications and Contract Documents :
The DEVELOPER agrees to complete a final set of construction drawings and make submission for a
Utilities Construction Permit to the Indian River County Utilities Department and Florida Department of
Environmental Protection (FDEP) . The DEVELOPER shall not commence construction until all permits
are approved and obtained.
8 . Definition
All pronouns shall be deemed to refer to the masculine, feminine, or neuter, singular or plural, as the
identity of the party or parties may require .
9 . DEVELOPER' s Obli ations :
The DEVELOPER shall prepare at its own expense, plans , specifications, Agreement, advertisement,
general conditions, hereinafter referred to as the "contract documents", for the lines and facilities necessary
to deliver the water and wastewater utilities from the COUNTY ' S facilities . All plans and specifications
shall be subject to the COUNTY ' s approval prior to the DEVELOPER ' s application . The DEVELOPER
shall be responsible for all costs associated with the design, permitting and construction of the offsite
facilities (which includes but is not limited to transmission lines, valves, fittings, hydrants, meters, and
associated appurtenances) whether designed, permitted or constructed by the DEVELOPER or the
COUNTY.
The design , permitting, construction, operation and maintenance of all on-site water and wastewater
utilities which is on or solely dedicated to the DEVELOPER ' s property (including but not limited to water
meter, transmission lines, pumps , valves, storage facilities, etc . ) shall be the DEVELOPER ' s responsibility
and expense . Construction of on-site water and wastewater utilities shall be subject to COUNTY review
and approval .
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DUPLEX 2.DOC
The DEVELOPER shall be deemed in possession of the potable water on the DEVELOPER ' s side of the
water meter, however the DEVELOPER shall not be deemed to own the water, and the transfer or sale of
water by the DEVELOPER is prohibited.
The DEVELOPER may not transfer or sell water or wastewater capacity to any party for use off-site of the
property.
10 . Easements :
The DEVELOPER shall convey to the COUNTY a utility easement for the water and wastewater utilities
for the COUNTY to install, maintain, operate and monitor the water and wastewater utilities, within the
private right-of-way including, but not limited to, water lines, services, laterals, manholes, meters, lift
station, sewer, remote monitoring and related utility structures .
After the COUNTY ' S final inspection of the off-site water and wastewater facilities for conformance with
the approved plans and specifications, the DEVELOPER shall convey all the off-site facilities together
with an interest in land, as may be required by the COUNTY, to the COUNTY. The conveyance shall
include any of the following documents as may be required by the COUNTY, in a form acceptable to the
COUNTY :
a) Bill of Sale
b) Grants of Easements
c) Maintenance Bond
d) Record Drawings (hard copy and electronic format — AutoCAD rel . 14 . 0 or higher)
11 . Entire Agreement
This Agreement embodies the entire agreement between the parties relative to the subject matter hereof,
and there is no oral or written agreements between the parties, nor any representations made by either party
relative to the subject matter hereof, which are not expressly set forth herein .
12 . Governing Law & Jurisdiction :
This Agreement shall be governed by the laws of the State of Florida and the laws of the United States
pertaining to transactions in such state, and all actions arising out of this Agreement shall be brought in
Indian River County, Florida, or, in the event of federal jurisdiction, the United States District Court for
the Southern District of Florida. All of the parties to this Agreement have participated freely in the
negotiation and preparation hereof. Accordingly, this Agreement shall not be more strictly construed
against any one of the parties hereto .
13 . Insurance and Indemnification :
The DEVELOPER shall ensure that, at least ten ( 10) days prior to the commencement of any work, the
selected contractor and any subcontractor provides to the COUNTY a certificate of commercial general
liability insurance with a reputable insurance company subject to approval by the COUNTY ' s risk
manager in an amount not less than $ 3 , 000 ,000 combined single limit for bodily injury and property
damage in accordance with the COUNTY ' s Administrative Policy Manual . The DEVELOPER shall
ensure that, at least ten ( 10) days prior to the commencement of any work the selected contractor and any
subcontractor provides to the COUNTY a certificate of business auto liability insurance with a reputable
insurance company subject to approval by the COUNTY ' s risk manager in an amount not less than
$ 3 , 000 ,000 per occurrence combined single limit for bodily injury and property damage in accordance
with the COUNTY ' s Administrative Policy Manual . The commercial general liability and auto liability
insurance policies shall name Indian River County, a political subdivision of the State of Florida, as an
additional insured . In addition, the DEVELOPER shall ensure that, at least ten ( 10) days prior to the
commencement of any work th elected contractor and any subcontractor provides to the COUNTY a
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DUPLEX 2.DOC
certificate of worker' s compensation insurance with a limit of $ 100, 000 for each accident, $ 500, 000
disease (policy limit) and $ 100, 000 disease (each employee) in accordance with the COUNTY ' s
Administrative Policy Manual . The DEVELOPER shall provide to the COUNTY at least thirty (30) days '
written notice by registered mail, return receipt requested, addressed to the COUNTY ' s risk manager, prior
to cancellation or modification of any required insurance .
The DEVELOPER hereby releases and holds harmless the COUNTY, and the COUNTY ' s officers,
employees and agents, from and against any and all claims for damages, costs , third party claims,
judgments, and expense to persons or property that may arise out of, or be occasioned by, any work
contemplated by this agreement, or from any act or omission of any representative, agent, client, and/or
employee of DEVELOPER, and DEVELOPER shall indemnify the COUNTY against any such claims
and any judgments that maybe entered in connection therewith, including attorney fees . DEVELOPER
shall indemnify the COUNTY against any claim for damage that any utility, whether publicly or privately
owned, may sustain or receive in connection with any work contemplated by this agreement.
DEVELOPER shall not make any claim of any kind or character whatsoever against the COUNTY for
damages that it may suffer by reason of the installation, construction , reconstruction, operation, and/or
maintenance of any public improvement, or utility, whether presently in place or which may in the future
be constructed or installed, including but not limited to, any water and/or sanitary sewer mains and/or
storm sewer facilities, and whether such damage is due to flooding, infiltration, backflow, and/or seepage
caused from the failure of any installation, natural causes, or from any other cause of whatsoever kind or
nature . It is the intention of this indemnification agreement on the part of DEVELOPER, and a condition
of this agreement, that it shall be full and total indemnity against any kind or character of claim whatsoever
that may be asserted against the COUNTY . DEVELOPER hereby agrees to defend any and all suits,
claims, and causes of action brought against the COUNTY arising out of or in connection with any work
contemplated by this agreement, and DEVELOPER agrees to pay any judgment or judgments, including
attorney fees, that may be rendered against the COUNTY or against the COUNTY ' s officers, employees or
agents in connection therewith.
14 . Payment and Performance Bond :
The DEVELOPER agrees to furnish to INDIAN RIVER COUNTY a payment bond for 100 percent of the
total amount of the offsite utility bid and a performance bond for 125 percent of the offsite utility bid,
subject to COUNTY ' s approval, as security for the faithful performance of all of the contractor's
obligations under the contract documents . At the COUNTY's sole discretion, the COUNTY may accept a
Letter of Credit, drawn on a reputable financial institution located within 200 miles of Vero Beach,
Florida, in lieu of a surety bond .
15 . Maintenance Bond :
The DEVELOPER agrees to convey all right, title, and interest in the aforementioned utility improvements
to INDIAN RIVER COUNTY and provide a Maintenance Bond, subject to the COUNTY's approval ,
issued by a reputable surety company authorized to do business in the State of Florida, for a period of one
year after the COUNTY's acceptance of the improvements . The value of the Maintenance Bond shall be
25 percent of the total construction value of the utility improvements . At the COUNTY's sole discretion,
the COUNTY may accept a Letter of Credit, drawn on a reputable financial institution located within 200
miles of Vero Beach, Florida, in lieu of a surety bond.
16 . Multiple Counterparts :
This Agreement may be executed in a number of identical counterparts which, taken together, shall
constitute collectively one ( 1 ) Agreement; but in making proof of this Agreement, it shall not be necessary
to produce or account for more than one such counterpart executed by the party to be charged .
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17 . Permits :
The DEVELOPER shall be responsible for obtaining all construction and operating permits required for
the construction, delivery, use and monitoring of the water distributed to and wastewater collected from the
subject property. If, through no fault of the parties involved, any federal , state or local government or
agency (excluding the COUNTY) fails to issue necessary permits , or fails to grant necessary approvals, or
requires a material change in the system, then to the extent necessary and if possible, the parties agree to
negotiate an amendment to the Agreement to reflect the change in condition . If the COUNTY determines
that it is impossible or impracticable to perform under the terms of this Agreement because of the above,
then this Agreement shall terminate and the parties shall have no further obligations to each other.
The DEVELOPER shall comply with reasonable request by the COUNTY concerning on-site operations
and maintenance including but not limited to all FDEP regulations relating to bacteriological and
hydrostatic testing, cross connection control, monitoring, color-coding of water and wastewater equipment.
18 . Recording of Agreement:
This Agreement may be recorded in the official records of Indian River County by the COUNTY. If
recorded, the obligations defined in this Agreement shall run with the land and shall bind subsequent
owners of the property for the term of this Agreement. The DEVELOPER shall pay for all recording cost.
1.9 . Severability / Invalid Provision :
If any provision of the Agreement is held to be illegal, invalid or unenforceable under present or future
laws, such provision shall be fully severable; this Agreement shall be construed and enforced as if such
illegal , invalid or unenforceable provision had never comprised a part of this Agreement, and the
remaining provisions of this Agreement shall remain in full force and effect and shall not be affected by
such illegal , invalid, or unenforceable provision or by its severance from this Agreement.
20 . Term :
The term of this Agreement is ten ( 10) years . Unless otherwise agreed to by the parties in writing, this
Agreement shall not be renewed automatically for successive terms . Notwithstanding the foregoing, this
Agreement shall be coterminous with FDEP Permit for construction and with the County ' s Utility
Construction Permit, whichever provides a shorter time period, but shall be not more than five (5 ) ,years
from the date of issuance . The County may terminate this Agreement early in its sole discretion if it
determines that the development project intended to be served by the improvements is suspended or
discontinued.
21 . Time of Essence :
Time is of the essence of this Agreement; however, if the final date of any period which is set out in any
provision of this Agreement falls on a Saturday, Sunday or legal holiday under the laws of the State of
Florida, then, in such event, the time of such period shall be extended to the next day which is not a
Saturday, Sunday or legal holiday.
Remainder of Page Intentionally Left Blank
1
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F:WTILITIES\UTILRY - ENGINEERING\PROJECTS - UTILITY CONSTRUCTION PERMITS\REYES DUPLEX UCP # 2360\AGREEMENT - DEVELOPERS AGREEMENT -OFFSITE GRAVITY SEWER REYES
DUPLEX 200C
IN WITNESS WHEREOF , the COUNTY and the DEVELOPER have accepted, made , and executed this
Agreement as follows :
DEVELOPE
Witness Signature By:
ZaAoQ.Lrc,. Printed name J
Witness Printed Name
Title : WOwnerDate : 3 40:73
W ' ss Signature
t 1'e- ` � rLac
Printed Name
STATE OF FLORIDA
COUNTY OF INDIAN RIVER
The foregoing instrument was acknowledged before me this.o76 day of 421�t 2003 , by
who is personally known to me or who has produced as identification.
<:�m� �;.�pJ�
Name : �f44e, 4. &SieP 7 e C17 Notary Public
Commission #
Expiration Date y Z GS` 7ANNCONMDO 040435Er 27 % 2005T1 -BOa&NOTARBODdin9, Inc.
Page 7
FIUTILITIESWTILI Y - ENGINEERING\PROJECTS - UTILITY CONSTRUCTION PERMITS\REVES DUPLEX UCP # 2360WGREEMENT - DEVELOPERS AGREEMENT -OFFSITE GRAVITY SEWER REVES
DUPLEX.DOC
STATE OF FLORIDA
COUNTY OF INDIAN RIVER
The foregoing instrument was acknowled ed before me this 17th day ofFebruarv2004 , by Carol i nP
;Gi rn "_who is(personally known to m ) or who has produced as identification.
Notary Public
Name : Kimberly E . Massunq i:A.700 ' • Kimberly E. Massung
aq
COmmlSSlori # DD216503 =.: 4b.- MYCOMMISSION # DD216503 EXPIRES
C o•` July 15, 2007
Expiration Date 07 - 15 - 2007 FaFFOP 80NDEDTHRUTROY FAIN INSURANCE INC.
Lt) , . lee
,
BOARD OF COUNTY COMMISSIONERS
Attest : INDIAN RIVER COUNTY, FLORIDA
J. K. Barton, er1 - o l ' e Circuit Court "
V f
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Deputy Clerk
P h' : . 1 ' ' Caroline D . Ginn, 4Chaijann
BCC Approved : February 17 , 2004
Approved as to Fo an e al fficiency Approved by:
CC
County Atto ey #es E . handler, County Adi nistr or
Page 8
FIUTILITIES\UTILITY - ENGINEERING\PROJECTS - UTILITY CONSTRUCTION PERMITS\REYES DUPLEX UCP # 2360kAGREEMENT - DEVELOPERS AGREEMENT -OFFSITE GRAVITY SEWER REYES
DUPLEX2.DOC
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Cost Comparison - Private Lift Station vs . Public Gravity Sewer System
SIMPLEX LIFT STATIONS 2 EA . $ 59300 . 00 $ 102600 . 00
4 " PVC FORCEMAIN 170 LF $ 6 . 50 $ 11105 . 00
4" x 4" TAPPING SLEEVE 1 EA. $ 17200 . 00 $ 11200 . 00
4" GATE VALVE 2 EA. $ 350 . 00 $ 700 . 00
4" PLUG 1 EA . $ 75 . 00 $ 75 . 00
2" PVC FORCEMAIN 170 LF $ 2 . 75 $ 467 . 50
ELECTRICAL SERVICE 2 EA . $ 250 . 00 $ 500 . 00
RIGHT-OF-WAY RESTORATION 1 LUMP $ 250 . 00 $ 250 . 00
MAINTENANCE OF TRAFFIC 1 LUMP $ 400 . 00 $ 400 . 00
SUBTOTALI $ 15 , 297 . 50
+ 10 % CONTINGENCY $ 1 , 529 . 75
SURVEYING $400 . 00
DESIGN $ 1 , 380 . 00
PERMITTING FEES $650 . 00
BIDDING & AWARD $ 500 . 00
SERVICES DURING CONSTRUCTION $620 . 00
ADMINISTRATION $800 . 00
Estimate Project Cost for Private Sewer System : $ 21 , 177 . 25
MANHOLES 3 EA . $ 2 , 800 . 00 $ 81400 . 00
8" GRAVITY LINE ( 10- 141) 454 LF $ 42 . 00 $ 191068 . 00
6" PE DIRECTIONAL BORE 60 LF $ 37 . 50 $ 21250 . 00
DOUBLE SERVICE LATERAL W/6 " PIPE 1 EA . $ 475 . 00 $ 475 . 00
CORE MANHOLE 1 LUMP $ 500 . 00 $ 500 . 00
RIGHT-OF-WAY RESTORATION 1 LUMP $ 11200 . 00 $ 11200 . 00
MAINTENANCE OF TRAFFIC 1 LUMP $ 1 , 000 . 00 $ 11000 . 00
SUBTOTAL $ 32 , 893 . 00
+ 10 % CONTINGENCY $3 , 289 . 30
SURVEYING $ 1 , 200 . 00
DESIGN $3 , 000 . 00
PERMITTING FEES $650 . 00
BIDDING & AWARD $500 . 00
SERVICES DURING CONSTRUCTION $ 12400 . 00
ADMINISTRATION $ 1 , 700 . 00
Estimate Project Cost for Public Gravity Sewer System : $ 44 , 632 . 30
ESTIMATED COUNTY SHARE : $ 23 ,455 . 05
DEVELOPER'S SHARE : $ 219177 . 25 '
Sheet1Agreement - Exhibit Gravity. Sewer Costs
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EXHIBIT-E
ESTIMATED COST OF IMPROVEMENTS ALONG 110TH STREET
Item Description Estimated Unit of Unit Price Total Price
Quantity Measure
1 Mobilization 1 LS $2 , 000 . 00 $200 . 00
2 Maint. of Traffic on 110th Street 1 LS $ 1 , 000 . 00 $ 15000 . 00
3 8 " PVC GRAVITY SEWER MAIN 820 LF $ 35 . 00 $28 , 700 . 00
6 MANHOLES 2 EA $ 31000 . 00 $ 61000 . 00
7 LATERALS 17 LS $ 500 . 00 $ 89500 . 00
8 INSPECTION/TESTING 1 LS $ 1 ,000 . 00 $ 1 , 000 . 00
9 Restoration / grading, etc . on 110th Street 820 LF $ 5 . 00 $4, 100 . 00
10 Survey Lay-Out 1 LS $ 1 ,000 $ 1 , 000 . 00
Subtotal $ 52, 300 . 00
Contingency @ 10% $55230 . 00
Route Survey/ As-Builts $ 69185 .40
Design @ 10% $ 5 ,230 . 00
Permitting @ 1 % $ 523 . 00
Bidding & Award @2% $ 15046 . 00
Services During Const. @1 .4 $ 732 . 20
Administration @ 2 % $ 1 ,046 . 00
Total Improvement Cost $ 72 ,292 . 60
Cost from Exhibit " B" $44, 632 . 30
Total Cost $ 1165924 . 90
$ 116 , 924 . 90 divided by 20 ERU equal cost per ERU $ 5 , 846 . 25
Reyes has 2 ERU or $ 5 , 846 . 25
times 2 equals $ 11 , 692 . 50 $ 11 , 692 . 50
Reyes cost per Exhibit " B " $21 , 177 . 25
Subtract Reyes 2 ERU $ 11 , 692 . 50
Total funds due Reyes as others
connect to system $97484 . 75
18 remaining ERU divided into
$ 9 , 484 . 75 equals $ 526 . 93 $526 . 93
Therefore $ 526 . 93per ERU is to be
paid to Reyes when others connect
to the sewer system over the next
ten 10 ears .
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