Laserfiche WebLink
08/08/02 10:50 FAX 925 484 8234 <br />(b) <br />(c) <br />CITY- PLEASANTON 011 /022 <br />Example 10D. Following installation of the Part 3 water line improvements. Lot <br />27 wishes to connect the existing house to the water system. The owner of Lot 27 <br />would pay a fee equal to 1 existing house x S8,131 per existing home water <br />connection, or $8,131. If Lot 27 is later subdivided. the existing home water <br />connection fee (as it is then calculated) would be credited against the total fees <br />owed <br />Financing Program #11. As development proceeds in the Specific Plan Area, the costs <br />of shared infrastructure improvements will be adjusted, and the fees owed by any Lot <br />shall be adjusted to reflect any changes. Adjustments to costs shall include the following: <br />(a) actual costs incurred by developers installing shared infrastructure <br />improvement components; <br />actual costs of all City - installed infrastructure improvement components: <br />adjustments to initial cost estimates to reflect inflationary cost increases or <br />refinements <br />(d) interest owed to developers on the reimbursable portion of infrastructure <br />improvement components installed (beyond the developer's pro rata share) <br />at 8 %/year, <br />(e) interest owed the City on any City - installed infrastructure improvement <br />component installed.with non - Specific Plan funds at 8 %/year; and <br />(f) <br />an annual Specific Plan administration fee of $4000 /year. <br />The specifics of these adjustments and how they relate to an adjusted fee over time are <br />described in Financing Programs #12 -16. <br />Financing Program #12. In the event a developer installs shared infrastructure <br />improvements, the final determination of the Specific Plan fee shall be determined <br />following completion of the construction of the improvements and determination of its <br />actual cost. Actual cost shall be determined by the City Engineer based on developer's <br />record of actual costs and the City Engineer's determination as to the appropriateness of <br />these costs based on ordinary and normal construction practices. The City Engineer's <br />determination shall be final. Adjustments to share infrastructure improvement costs shall <br />operate prospectively only, whether such costs increase or decrease. <br />Example 12A. Developer of Lot 12 installs Part 1 sewer improvements whose <br />actual cost is S50, 000 less than the estimate. Its fees will be adjusted as the sewer <br />component of the total costs is reduced by 350,000 and all shares are adjusted <br />downward accordingly. <br />8 <br />