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Table VIll-9 <br />Shared Utility Undergrounding Cost Allocation <br />Total Equivalent Percent of Total Utility <br />Funding Contributors Dwelling Units (EDU's) Undergrounding Cost <br />Contributing Development from Inside Specific Plan Area <br />• 189 new homes 189.0 72.8 <br />• 14 existing homes<O 14.0 5.4 <br />• Elementary school 19.0 7.3 <br />• Community park 31.7 12 .2 <br />Contributing Development from Outside Specific Plan Area <br />• Costas Property<2) <br />6.0 2.3 <br />Total 259.7 EDU's 100% <br />Shared utility undergrounding system cost per EDU is equal to 1 EDU + 259.7 total EDU's, or 0.0038 x total shared utility undergrounding cost. <br />Example: Shared utility undergrounding cost per lot calculation -Lot I contains no existing homes and is planned for six new homes (Table IV-I); therefore, <br />six homes, or 6.0 EDU's x 0.0038 x total shared utility undergrounding cost = shared utility undergrounding cost for Lot I. The developer of Lot I must <br />pay this amount at the time of final subdivision map recordation for this lot, or the issuance of the first building permit for a habitable dwelling, whichever comes <br />first. This amount is required to be paid regardless of how many homes (more or fewer) are ultimately developed on Lot I. <br />(I) Lots 8, 20, 30, and 31 are exempted from having to pay shared utility undergrounding costs since they are already developed and not subdividable. <br /><2) The Costas Property is located immediately north of the Plan Area but will benefit from the Plan Area utility undergrounding. Shared utility <br />undergrounding cost obligations will be assigned to this property based upon an estimated six total homes, or 6.0 EDU's . <br />108 <br />Page 155 of 749