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~. ;:.- <br />Single section (1/2 duplex) <br />700 sq. ft. <br />840 sq. ft. <br />924 sq. ft. <br />Single family detached <br />1100 sq. ft. <br />1300 sq, ft. <br />1500 sq. ft. <br />1600 sq. ft. custom <br />$ 60,500.00 <br />$ 61,500.00 <br />$ 64,500.00 <br />$ 91,500.00 - <br />$ 96,500.00 <br />$ 99,SOO.QO <br />$104,500.00 <br />B. Unit sales prices, as established at the time <br />of the first sales release of 25 dwelling units, may be <br />increased in subsequent releases as a result of canstructior~ <br />cost increases defined as follows: Actual increases in the <br />cost to Developer of units, in the contrac~ Trice of labor <br />and/or material, for all construction work, whether onsite <br />or offsite, undertaken by General Contractor and/or subcontractors, <br />including land preparation, grading, and all physical improvements, <br />and increases in the cost of obtaining governmental permits <br />for such construction which result in an aggregate increase <br />in the cost of constructing a unit to Developer, increased <br />by a factor of 1.5. Developer will provide City access to <br />such supplemental information respecting unit sales price, <br />costs, and cost increases as City may reasonably request, <br />provided alI such information shall remain confidential and <br />shall not be disclosed by the City. <br />C. Developer may not increase dwelling unit prices <br />until three (3) months after the first sales release, or until <br />Developer 'has obtained sigred purchase agreements for forty (40) <br />units, whichev?r shall come first. <br />D. The prices shown reflect adjustments to price <br />made necessary by reduction of project size from 244 units <br />-6- <br />