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Public Improvements authorized under this Plan for Lakes at Fairmont Greens, and the <br />estimated costs thereof, are described below: <br />LAKES AT FAIRMONT GREENS <br />Public Improvement Costs <br />PUBLIC IMPROVEMENT <br />ESTIMATED COST <br />PID COSTS 35% <br />Site Work <br />$479,886 <br />$167,960 <br />Water Lines <br />$452,352 <br />$158,323 <br />Sanitary Sewer <br />$963,157 <br />$337,105 <br />Storm Sewer <br />$1,557,746 <br />$545,211 <br />NPDES/ Erosion Control <br />$274,771 <br />$96,170 <br />Contingency <br />$559,187 <br />$195,715 <br />Engineering <br />$643,065 <br />$225,073 <br />PID Creation Costs (100%) <br />$30,000 <br />$30,000 <br />Subtotal <br />$4,960,164 <br />$1,755,557 <br />Financing Cost <br />$1,320,831 <br />Administration & Legal Expenses <br />$213,841 <br />TOTAL <br />$3,290,229 <br />5. Construction of Public Improvements <br />Design and construction of all Public Improvements will be performed to City <br />specifications, and all construction shall be bid as required by the City. The Plan will be <br />reviewed annually in accordance with the provisions of Chapter 372 of the Local Government <br />Code and will include a review of the budgets, expenditures and revenues of the District. <br />Additionally, the Plan will be reviewed for the purpose of establishing the installments for <br />assessments based upon the costs for Public Improvements and the financial needs of the <br />District. <br />6. Conveyance of Improvements to the City <br />Upon completion of the improvements, and final inspection and acceptance of the <br />Public Improvements by the City, the Developers will convey all rights to the improvements to <br />the City or homeowner's association as applicable, subject to the Developer's rights of <br />reimbursement described in the Development Agreement executed between the Developer and <br />the City. <br />7. Authorized Improvements <br />The area within the PID that is covered by this Service and Assessment Plan will be <br />developed as single family residential. This Plan designates the Public Improvements required <br />for the growth and development of the land within the PID. The goal of this Plan is to provide <br />City of La Porte, Lakes at Fairmont Greens Public Improvement District 2 <br />