HomeMy WebLinkAboutRes.3016.09-06-2016 BILL NO. 16-154 RESOLUTION NO. a019
A RESOLUTION AUTHORIZING THE CITY MANAGER TO
EXECUTE ESCROW AGREEMENTS WITH SEMO LAND,
L.L.C. , AND MONTGOMERY BANK, N.A. , FOR
FOREST HILLS ESTATES FIFTH ADDITION, IN THE
CITY OF CAPE GIRARDEAU, MISSOURI
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF CAPE
GIRARDEAU, MISSOURI, AS FOLLOWS:
ARTICLE 1. The City Manager, for and on behalf of the City
of Cape Girardeau, Missouri, is hereby authorized to execute
Escrow Agreements with SEMO Land, L.L.C. , and Montgomery Bank,
N.A. , for Forest Hills Estates Fifth Addition, a subdivision in
the City of Cape Girardeau, Missouri. The Agreements shall be in
substantially the forms attached hereto as Exhibit A and Exhibit
B, which documents are hereby approved by the City Council, and
incorporated herein by reference, with such changes therein as
shall be approved by the officers of the City executing the
same.
PASSED AND ADOPTED THIS ..J DAY OF Q 2016.
a ,,..t.ic,P,.„,„_,..
. Harry E. Rediger, Mayor
ATTEST: M
147
S Ac- -e--, 14
;,.. 14b .1
uce Tay o Deputy City Clerk Z�i v,t
r
P9I
ESCROW AGREEMENT
This Escrow Agreement, hereinafter referred to as "Agreement", is made and entered into
this ?O day of Avv54- , 2016, by and between SEMO LAND, L.L.C., a Missouri
Limited Liability Company, having its principal office and place of business at 2008 William
Street, Cape Girardeau, Missouri 63703, hereinafter referred to as "Developer", and
MONTGOMERY BANK, N.A., hereinafter referred to as "Escrow Agent", and the CITY OF
CAPE GIRARDEAU, MISSOURI, a municipal corporation, hereinafter referred to as "City".
WITNESSETH:
WHEREAS, Developer is the owner of Forest Hills Estates Fifth Addition, a proposed
subdivision located within the City of Cape Girardeau, Missouri, and has submitted to the City
improvement plans and specifications, which have been approved by the City, and has submitted
a record plat with request that said plat and the plans and specifications for the improvements in
the proposed subdivision be accepted and approved by the City, and
WHEREAS, Developer proposes to meet the ordinance requirements of the City with
respect to the posting of this Agreement prior to the approval by the City of the plat proposed for
said subdivision,
NOW, THEREFORE, In consideration of the foregoing and of the mutual promises and
agreements contained herein,the parties to this Agreement stipulate and agree as follows:
1. Developer has submitted to the City a record plat of Forest Hills Estates Fifth
Addition, hereinafter referred to as "Proposed Subdivision", with request that said plat be
approved by the City. Developer has also submitted improvement plans for the Proposed
Subdivision, which have been approved by the City.
2. An Irrevocable Letter of Credit has been issued for the cost of the improvements in
the Proposed Subdivision by Montgomery Bank, N.A., hereinafter referred to as "Financial
Institution". The Irrevocable Letter of Credit, a copy of which is attached to this Agreement and
made a part hereof as though fully set out herein, has been placed in the possession of the
Escrow Agent. Said Irrevocable Letter of Credit is a commitment to the Developer from the
Financial Institution that it will serve as the primary lender for the development of the Proposed
Subdivision and commits itself for enough funds to complete the improvements in the Proposed
Subdivision.
3. A copy of the most recent financial statement of the Financial Institution is made
available for the purpose of guaranteeing to the City that the Financial Institution, as the issuer of
the Letter of Credit to the Developer, has sufficient resources with which to uphold its guarantee.
4. Escrow Agent agrees to hold the original of the Irrevocable Letter of Credit issued by
the Financial Institution subject to the provisions of this Agreement and.the ordinances of the
City of Cape Girardeau, as they may appertain to the provisions of this Agreement. Escrow
Agent agrees to set up a special escrow account subject to audit by the City in which all funds
Page 1 of 9
made available by the Financial Institution for the improvements in the Proposed Subdivision
will be deposited. Escrow Agent may release all such funds to the Developer only for the
purpose of completing the improvements in the Proposed Subdivision.
5. Escrow Agent shall not release more than ninety-five percent (95%) of all funds
deposited with them as Escrow Agent by the Financial Institution for the improvements in the
Proposed Subdivision except on the approval of the Administrative Officer of the City and until
the City is satisfied that the improvements for the development of the Proposed Subdivision have
been completed in accordance with the plat, the approved improvement plans, and the applicable
City ordinances. City agrees that it will not unreasonably prevent the release of the final five
percent (5%)of the sums deposited with the Escrow Agent.
6. City may, from time to time, partially release the Escrow Agent from all or any part
of their obligations and shall do so by written notification from the City's Administrative
Officer.
7. Upon approval by the City through its Administrative Officer for the release of all
funds held by the Escrow Agent, this Agreement shall be terminated and the Developer and the
Escrow Agent shall be released from any further obligation to the City insofar as the provisions
of this Agreement are concerned.
8. In the event of the failure, refusal or inability of the Escrow Agent to serve as
determined by the Administrative Officer of said City, the City shall appoint a substitute who
will have the same responsibilities as the Escrow Agent named herein.
9. If, after two (2) years from the date of this Agreement, all the improvements shown
on the approved improvement plans and specifications have not been completed, the City may
require the Escrow Agent to remit to the City cash or negotiable instruments constituting the
balance of the escrow account required to complete the improvements.
10. This Agreement shall not in any fashion be construed to limit the powers, rights, or
duties of the City, but shall be construed in the light of the applicable City ordinances.
11. No part of this Agreement may be assigned by the Escrow Agent or the Developer
without first obtaining the express written consent of such assignment by the City, but the City
agrees not to unreasonably withhold such consent.
IN WITNESS WHEREOF, the parties have executed this Agreement in triplicate as of
the date first above written.
Page 2 of 9
1111 Immo.
DEVELOPER
SEMO Land, L.L.C.
� g
Eric arquart, Ma, ging Member
ESCROW AGENT
Montgomery Bank,N.A.
•
f'E-s P. taM8P44 , Re6
MsrActc"r
•
CITY •
City of Cape Girardeau, Missouri
(Seal) Scott A. Meyer, City Manager
AT 1 EST:
Bruce Taylor. Deputy City Clerk
•
Page 3 of 9
STATE OF MISSOURI )
)
ss.
COUNTY OF CAPE GIRARDEAU )
On this day of 2016, before me personally appeared Eric
Marquart, Managing Member of SEM Land, a Missouri Limited Liability Company, to
me known to be the person described in and who executed the foregoing instrument, and
acknowledged that he executed the same as the free act and deed of said Limited Liability
Company.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal
in the State and County aforesaid,the date first above written.
e
5y(JAAJZ___
_Totary Public
DEBRA L.SUHRE
Name/MyCommission Expires: Notary public-Notary Seal
pres: STATE OF MISSOURI
Capo Girardeau County
CommIsalon 012468179 •
My Commission Expires 08/02/2020
4
STATE OF MISSOURI •
) ss.
•
COUNTY OF CAPE GIRARDEAU )
h,_rj /-,
LIttAt , On this 90 day of V�v`J"i(+ , 2016, before me personally appeared Matt
Waaght, Chief Credit Officer of Montgomery Bank, N.A., to me known to be the person
described in and who executed the foregoing instrument, and acknowledged that he executed the
same as the free act and deed of said Bank.
IN TESTIMONY WHEREOF, 1 have hereunto set my hand and affixed my official seal
in the State and County aforesaid, the date first above written.
Totary Public J
Name/My Commission Expires:
Kimberly M. Skrob
Notary Public Notary Seal
State of Missouri
Page 4 of 9
Cape Girardeau County g
Commission #12569729
Commission Expires 06/05/2020
STATE OF MISSOURI
) ss.
COUNTY OF CAPE GIRARDEAU )
On this this day of , 2016, before me appeared Scott A. Meyer,
City Manager of the City of Cape Girardeau, Missouri, a municipal corporation, to me known to
be the person described in and who executed the foregoing instrument, and acknowledged that
the foregoing instrument was signed and sealed on behalf of said City by authority of its City
Council, and acknowledged that he executed the same as the free act and deed of said City.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal
in the State and County aforesaid, the date first above written.
Notary Public
Name/My Commission Expires:
Page 5 of 9
a Montgomery
BANK
PO Box 948
Sikeston, MO 63801 ••
DATE:August 30,2016
FROM: Montgomery Bank, N.A.
2027 Broadway
Cape Girardeau, Missouri 63701
TO:SEMO Land, L.L.0
2008 William Street
Cape Girardeau, Missouri 63703
AND
City of Cape Girardeau, Missouri (Beneficiary)
City Hall,401 Independence Street
Cape Girardeau, Missouri 63703
IRREVOCABLE LETTER OF CREDIT 4585
We hereby issue this Irrevocable Letter of Credit in you favor up to the aggregate amount of Sixty
Thousand Five Hundred Forty dollars($60,540.00)available upon your demand and upon the approval
of the City of Cape Girardeau(Beneficiary)for the cost of developing the Forest Hills Estates Fifth
Subdivision according to the record plat and improvement plans and specifications on file at the City of
Cape Girardeau. If you do not complete the improvements as specified within two (2)years,the City of
Cape Girardeau (Beneficiary) may, pursuant to the procedures in the City ordinances,draw the balance .
of your account required to complete said improvements.
Financial Institution
Mont Bank, N.A.
Matthew B.Wright, Chief Credit Officer
•
Accepted this 30 day of 4,@,,, ;� ,2016.
DEVELOPER
SEMO Land, L.L.C.
,----7-7 Xj,
LLric arquart, Managing Member
Approved pursuant to City Council action this day of , 2016.
CITY
City of Cape Girardeau, Missouri
(Seal) Scott A. Meyer, City Manager
ATTEST:
Bruce Taylor, Deputy City Clerk
it
•
Page 7 of 9 •
STATE OF MISSOURI
ss.
COUNTY OF CAPE GIRARDEAU )
Ai '"
On this 7 b day of I�ttt L'iut s s , 2016, before me personally appeared Matt
Wright, Chief Credit Officer of Montgomery Bank, N.A., to me known to be the person
described in and who executed the foregoing instrument, and acknowledged that he executed the
same as the free act and deed of said Bank.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal
in the State and County aforesaid,the date first above written. ,
Notary Public
Name/My Commission Expires: Kimberly M. Skrob
Notary Public Notary Seal
State of Missouri
Cape Girardeau County
STATE ) Commission #12569729
OF MISSOURI
Commission Expires 06/05/2020
) ss.
COUNTY OF CAPE GIRARDEAU )
On this ,O day of j -(A e;L1'r , 2016, before me personally appeared Eric
Marquart, Managing Member of SEMO Land, L.L.C., a Missouri Limited Liability Company, to
me known to be the person described in and who executed the foregoing instrument, and
acknowledged that he executed the same as the free act and deed of said Limited Liability
Company.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal
in the State and County aforesaid,the date first above written. J
!
Notary Public
Name/My Commission Expires:
Kimberly M. Skrob
Nota State of Missouriblic Seal
Page 8 of 9
Cape Girardeau County
Commission #12569729
Commission Expires 06/05/2020
STATE OF MISSOURI ) i
) ss.
COUNTY OF CAPE GIRARDEAU )
On this day of , 2016, before me appeared Scott A. Meyer, City
Manager of the City of Cape Girardeau, Missouri, a municipal corporation, to me known to be
the person described in and who executed the foregoing instrument, and acknowledged that the
foregoing instrument was signed and scaled on behalf of said City by authority of its City
Council,and acknowledged that he executed the same as the free act and deed of said City.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal
in the State and County aforesaid, the date first above written.
Notary Public
Name/My Commission Expires:
Page 9 of 9
ESCROW AGREEMENT
This Escrow Agreement, hereinafter referred to as "Agreement", is made and entered into
this 30 day of Aajts , 2016, by and between SEMO LAND, L.L.C., a Missouri •
Limited Liability Company, having its principal office and place of business at 2008 William •
Street, Cape Girardeau, Missouri 63703, hereinafter referred to as "Developer", and
MONTGOMERY BANK, N.A., hereinafter referred to as "Escrow Agent", and the CITY OF
CAPE GIRARDEAU, MISSOURI, a municipal corporation, hereinafter referred to as "City".
WITNESSETH:
WHEREAS, Developer is the owner of Forest Hills Estates Fifth Addition, a proposed
subdivision located within the City of Cape Girardeau, Missouri, and has submitted to the City
improvement plans and specifications, which have been approved by the City, and has submitted
a record plat with request that said plat and the plans and specifications for the improvements in
the proposed subdivision be accepted and approved by the City, and
WHEREAS, Developer proposes to meet the ordinance requirements of the City with
respect to the posting of this Agreement prior to the approval by the City of the plat proposed for
said subdivision,
NOW, THEREFORE, In consideration of the foregoing and of the mutual promises and
agreements contained herein, the parties to this Agreement stipulate and agree as follows:
1. Developer has submitted to the City a record plat of Forest Hills Estates Fifth
Addition, hereinafter referred to as "Proposed Subdivision", with request that said plat be
approved by the City. Developer has also submitted improvement plans for the Proposed
Subdivision, which have been approved by the City.
2. An Irrevocable Letter of Credit has been issued for the cost of the improvements in
the Proposed Subdivision by Montgomery Bank, N.A., hereinafter referred to as "Financial
Institution". The Irrevocable Letter of Credit, a copy of which is attached to this Agreement and
made a part hereof as though fully set out herein, has been placed in the possession of the
Escrow Agent. Said Irrevocable Letter of Credit is a commitment to the Developer from the
Financial Institution that it will serve as the primary lender for the development of the Proposed
Subdivision and commits itself for enough funds to complete the improvements in the Proposed
Subdivision.
3. A copy of the most recent financial statement of the Financial Institution is made
available for the purpose of guaranteeing to the City that the Financial Institution, as the issuer of
the Letter of Credit to the Developer, has sufficient resources with which to uphold its guarantee.
4. Escrow Agent agrees to hold the original of the Irrevocable Letter of Credit issued by
the Financial Institution subject to the provisions of this Agreement and the ordinances of the
City of Cape Girardeau, as they may appertain to the provisions of this Agreement. Escrow
Agent agrees to set up a special escrow account subject to audit by the City in which all funds
Page 1 of 9
made available by the Financial Institution for the improvements in the Proposed Subdivision
will be deposited. Escrow Agent may release all such funds to the Developer only for the
_ purpose of completing the improvements in the Proposed Subdivision.
5. Escrow Agent shall not release more than ninety-five percent (95%) of all funds
deposited with them as Escrow Agent by the Financial Institution for the improvements in the
Proposed Subdivision except on the approval of the Administrative Officer of the City and until
the City is satisfied that the improvements for the development of the Proposed Subdivision have
been completed in accordance with the plat, the approved improvement plans, and the applicable
City ordinances. City agrees that it will not unreasonably prevent the release of the final five
percent(5%)of the sums deposited with the Escrow Agent. •
6. City may, from time to time, partially release the Escrow Agent from all or any part
of their obligations and shall do so by written notification from the City's Administrative
Officer.
7. Upon approval by the City through its Administrative Officer for the release of all
funds held by the Escrow Agent, this Agreement shall be terminated and the Developer and the
Escrow Agent shall be released from any further obligation to the City insofar as the provisions
•
of this Agreement are concerned.
8. In the event of the failure, refusal or inability of the Escrow Agent to serve as
determined by the Administrative Officer of said City, the City shall appoint a substitute who
will have the same responsibilities as the Escrow Agent named herein.
9. If, after two (2) years from the date of this Agreement, all the improvements shown
on the approved improvement plans and specifications have not been completed, the City may
require the Escrow Agent to remit to the City cash or negotiable instruments constituting the
balance of the escrow account required to complete the improvements.
10. This Agreement shall not in any fashion be construed to limit the powers, rights, or
duties of the City, but shall be construed in the light of the applicable City ordinances.
I I. No part of this Agreement may be assigned by the Escrow Agent or the Developer
without first obtaining the express written consent of such assignment by the City, but the City
agrees not to unreasonably withhold such consent.
IN WITNESS WHEREOF, the parties have executed this Agreement in triplicate as of
the date first above written.
Page 2 of 9
DEVELOPER
SEMO Land, L.L.C.
gele
ric Marquart, M. c i ng Member
ESCROW AGENT
Montgomery Bank,N.A. .
resssr
.TonmES Q LIM13Au + 4E4io& 4L
.?92
CITY •
City of Cape Girardeau, Missouri
(Seal) Scott A. Meyer, City Manager
A I I h,ST:
Bruce Taylor, Deputy City Clerk
Page 3 of 9
STATE OF MISSOURI )
)
ss.
COUNTY OF CAPE GIRARDEAU )
On this 3 Ay of2016, before me personally appeared Eric
Marquart, Managing Member of SEIL.C., a Missouri Limited Liability Company, to
me known to be the person described in and who executed the foregoing instrument, and
acknowledged that he executed the same as the free act and deed of said Limited Liability
Company.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal
in the State and County aforesaid, the date first above written.
DEBRA L.SUHRE RL11110
\\ J_ •
Notary E OF Notary Seel ,(�{/�apo G OF MISSOUnt
Capo Commission
1 County NotaryPublic
Comssion E WAires 0179
My Commission Expires oe/02/2020
Name/My Commission Expires:
STATE OF MISSOURI )
) ss.
COUNTY OF CAPE GIRARDEAU )
T
hAF
F
this Jam) day of VISv(S , 2016, before me personally appeared Matt
Wright, Chief Credit Officer of Montgomery Bank, N.A., to me known to be the person
described in and who executed the foregoing instrument, and acknowledged that he executed the
same as the free act and deed of said Bank.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal
in the State and County aforesaid,the date first above written.
011-14-4-641
Notary Public
Name/My Commission Expires: Kimberly M.Nota bSeal
Notary
State of Missouri
Cape Girardeau
Commission #12569729County Page 4 of 9
Commission Expires 06/05/2020
STATE OF MISSOURI )
) ss.
COUNTY OF CAPE GIRARDEAU )
On this this day of , 2016, before me appeared Scott A. Meyer,
City Manager of the City of Cape Girardeau, Missouri, a municipal corporation, to me known to
be the person described in and who executed the foregoing instrument, and acknowledged that
the foregoing instrument was signed and sealed on behalf of said City by authority of its City
Council, and acknowledged that he executed the same as the free act and deed of said City.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal
in the State and County aforesaid, the date first above written.
Notary Public
Name/My Commission Expires:
Page 5 of 9
a Montgomery
BANK •
PO Box 948
Sikeston, MO 63801
DATE:August 30,2016
FROM: Montgomery Bank, N.A.
2027 Broadway •
Cape Girardeau, Missouri 63701
TO:SEMO Land, L.L.0
2008 William Street
Cape Girardeau, Missouri 63703 •
AND
City of Cape Girardeau, Missouri (Beneficiary)
City Hall,401 Independence Street
Cape Girardeau, Missouri 63703
• IRREVOCABLE LETTER OF CREDIT#584
We hereby issue this Irrevocable Letter of Credit in you favor up to the aggregate amount of Two
Hundred Forty—Five Thousand Twelve dollars(245,512.00)available upon your demand and upon the •
approval of the City of Cape Girardeau(Beneficiary)for the cost of developing the Forest Hills Estates
Fifth Subdivision according to the record plat and improvement plans and specifications on file at the
City of Cape Girardeau. If you do not complete the improvements as specified within two (2)years,the •
City of Cape Girardeau(Beneficiary)may, pursuant to the procedures in the City ordinances, draw the
balance of your account required to complete said improvements.
Financial Institution
M�
ry Bank, N.A.
Matthew B.Wright,Chief Credit Officer •
pl
Accepted this D day of „, , , 2016.
DEVELOPER
SEMO Land, L.L.C.
'ric • ar—cuart, Managing ember
Approved pursuant to City Council action this day of ,2016.
CITY
City of Cape Girardeau, Missouri •
•
(Seal) Scott A. Meyer, City Manager •
A 1 1 bST:
Bruce Taylor, Deputy City Clerk
Page 7 of 9
•
STATE OF MISSOURI )
) ss.
COUNTY OF CAPE GIRARDEAU )
On this Ti?b day of 1ff`-i-1 F]]'u, , 2016, before me personally appeared Matt
Wright, Chief Credit Officer of Ivfontgomery Bank, N.A., to me known to be the person
described in and who executed the foregoing instrument, and acknowledged that he executed the
same as the free act and deed of said bank.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal •
in the State and County aforesaid, the date first above written.
Notary Public
•
Name/My Commission Expires: Kimberly M. Skrob
Notary Public Notary Seal
State of Missouri •
Cape Girardeau County
Commission #12569729
STATE OF MISSOURI ) Commission Expires 06/05/2020
ss.
•
COUNTY OF CAPE GIRARDEAU )
On this _ 0 day of 11-14 10,14—
s4- , 2016, before me personally appeared Eric
Marquart, Managing Member of SEMO Land, L.L.C., a Missouri Limited Liability Company, to
me known to be the person described in and who executed the foregoing instrument, and
acknowledged that he executed the same as the free act and deed of said Limited Liability
Company.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal
in the State and County aforesaid,the date first above written.
Notary Public YYY
Name/My Commission Expires:
Kimberly M. Skrob
Notary Public Notary Seal
State of Missouri Page 8 of 9
Cape Girardeau County
Commission #12569729
Commission Expires 06/05/2020
STATE OF MISSOURI
)
ss.
COUNTY OF CAPE GIRARDEAU )
On this day of , 2016, before me appeared Scott A. Meyer, City
Manager of the City of Cape Girardeau, Missouri, a municipal corporation, to me known to be
the person described in and who executed the foregoing instrument, and acknowledged that the
foregoing instrument was signed and sealed on behalf of said City by authority of its City
Council, and acknowledged that he executed the same as the free act and deed of said City.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal
in the State and County aforesaid,the date first above written.
Notary Public
Name/My Commission Expires:
•
•
•
•
Page 9 of 9
•
Forest Hills 5th Sidewalk Escrow
Paving
Item Unit Cost Unit Quantity Total
Sidewalks $44.50 SY 1320 558,740
Handicap Accessible Ramps 900 EA. 2 51,800
Total Estimated Project Cost $60,540
Forest Hills 5th Escrow Amount(Excluding Sidewalk)
Paving
Item Unit Cost Unit Quantity Total
7'Thick P.C.C.Pavement $49.50 SY 3780 $187,110
Curb 8 Gutter 51.10 LF 2350 $2,350
Sill Fence $3.50 IF 1000 $3,500
Seed 8 Straw $2,546.83 Ave 2.2 55,603
Present Construction Cost Estimate $198,563
Sanitary Sewers
Item Unit Cost Unit Quantity Total
Standard Manholes $2,389.00 Each 12 $28,668
8'PVC Sanitary Sewer Pipe $59.33 LF 1377 $81,697
4'PVC Service Pipe $22.00 LF 1137 $25,014
Wyes 8'X 6" $75.00 Each 29 $2,175
Present Construction Cost Estimate $137554
Storm Sewers
Item Unit Cost Unit Quantity Total
Single Curb Inlet 51,200.00 Each 8 59,600
18'RCP Storm Pipe $32.00 Each 511 $16,352
24'FES $396.50 Each 1 $397
24"RCP Storm Pipe $43.00 LF 131 $5,633
Rip Rap $15.00 SY 11.1 $167
Present Construction Cost Estimate $32,148
Water
Item Unit Cost Unit Quantity Total
8"PVC Water Main $20.50 LF 1335 $27,368
8"Gate Valve $763.00 Each 7 $5,341
Hydrant Assembly 8 Valve $2.280.01 Each 3 $6.840
Present Construction Cost Estimate $39,549
Street Lights
Item Unit Cost Unit Quantity Total
Street Light Assembly 51,850.00 EA. 4 $7,400
Present Construction Cost Estimate $7,400
Total Estimated Project Cost $415,214