RES 2022-1150 - North Streams (Lots 1-208 and Outlots A-H) - First Amendment Subdivision Agreement3. Amendments.
A. The second paragraph of Section III of the Subdivision Agreement
is amended in its entirety as follows:
The estimated general obligation of the District is estimated to be
$5,714,570.00, as shown on the Source & Use of Funds, Exhibit “D”. The
District valuation is estimated to be $109,537,850, as shown on Exhibit
“D”, for a debt ratio of 5.22% (3.80% for the overall project). The General
Obligation of the District shall be incurred only for costs identified as
General Obligation-eligible costs in this Agreement, and shall not exceed
the District engineer’s estimate of probable cost of $5,714,570.00, as
shown on Exhibit “D,” by more than 10%, except either i) the City
Engineer or their designee may administratively approve a corresponding
increase in the General Obligation of the District, or ii) by amendment of
this Agreement and approval by the Omaha City Council. Any General
Obligation costs in excess of the approved amount shall be specially
assessed or paid for privately. In no event shall public improvements
financed by General Obligation debt be in excess of 4% of estimated
valuations.
B. Exhibit “D” attached to the Agreement is hereby deleted and
replaced with Exhibit “D” attached hereto and incorporated herein by this
reference.
4. No Other Amendment. Except as specifically set forth herein, the
Agreement shall remain in full force and effect.
5. Binding Effect. This Third Amendment to the Subdivision Agreement shall
be binding upon the Parties, their respective successors, and assigns.
(Signatures on following pages.)
EXHIBIT “A-1”
LEGAL DESCRIPTION OF DETACHED PROPERTY
(See Attached)
Drawn By: RJR/BJH
EXHIBIT " A-1 "
Reviewed By: MJS
Date: APRIL 7, 2022
Revision Date:
Job Number: 2069-112-EX(208)
WOODSONIA REAL ESTATE
thompson, dreessen & dorn er, inc.
10836 Old Mill Rd
Omaha, NE 68154
p.402.330.8860 f.402.330.5866
td2co.com
Page
Book
0'200'400'
Drawn By: RJR/BJH
EXHIBIT " A-1 "
Reviewed By: MJS
Date: APRIL 7, 2022
Revision Date:
Job Number: 2069-112-EX(208)
WOODSONIA REAL ESTATE
thompson, dreessen & dorn er, inc.
10836 Old Mill Rd
Omaha, NE 68154
p.402.330.8860 f.402.330.5866
td2co.com
Page
Book
EXHIBIT “D”
SOURCE AND USE OF FUNDS
(See Attached)
Exhibit D-1
Name of Addition North Streams - Phase 1 SID #608
Source and Use of Funds:(Provide a separate sheet for the preliminary plat and for each final plat phase.)
Proposed Improvements
Construction Total1 General Special Financing2
Quantity Cost Cost Obligation Assessed Reimbursable Private
Storm Sewer
Storm Sewer 9,010 LF $2,321,800 $3,242,300 $3,242,300
PCSMP Acquis. 2.77 AC. $153,400 $184,100 $184,100
Sanitary Sewer
North Realignment 1,350 LF $253,000 $319,700 $85,000 $234,700 $85,000
7
Outfall (South of Q) 1,640 LF $384,700 $537,200 $537,200 $428,300
6
Interior 18,220 LF $1,173,200 $1,638,400 $1,638,400
Paving
Interior 49,845 SY $2,562,100 $3,578,000 $812,000 $2,766,000
Traffic Signals 2 EA $840,000 $1,173,100 $1,173,100 $733,200
5
204th St (HWY 31) 5,720 SY $657,800 $918,600 $918,600
Q St. Turn Lanes 620 TON $200,000 $240,000 $240,000 $120,000
9
Q St. ASIP Contribution 1 LS $160,000 $160,000 $160,000
8
Community Parks Fee 1 LS $53,770 $53,770 $53,770
Sidewalk
Interior 1,900 SY $69,900 $97,600 $97,600
ADA Ramps 72 EA $113,400 $158,400 $158,400
City Review Fee LS $88,600 $88,600 $88,600
Water
Pioneer Main Fee 1 LS $754,300 $887,000 $887,000
Exterior 1 LS $600,000 $743,400 $743,400 $300,000
4
Interior 1 LS $962,200 $1,192,200 $1,192,200
Gas
Interior
Electricity3 (MU = 32 acres, R4 = 198 lots)$381,900 $473,200 $473,200
Developer G.O. Contribution $2,000,000
Total $11,730,070 $15,685,570 $9,381,070 $6,304,500 $3,666,500 $0
1 Total cost includes engineering fees and administrative fees
2 Attach a statement of assumptions as basis for preliminary projections.
3 Indicate any need to relocate on or off-site lines.
4 50% of $346,600 reimbursable (per MUD 1-06-20).
5 50% of N Street Traffic Signal shall be reimbursable and 75% of a future J Street Traffic Signal shall be reimbursable.
6 The portion of outfall south of Q Street (through future South Streams project) shall be reimburseable from future special assessments.
7 To be paid by the City from the Interceptor Sewer Fund.
8 SID 608 ASIP Contribution shall be 50% of the difference in costs between constructing the Q Street Widening Project ($560,000) and the Q
Street Turn Lanes ($240,000). Q St. ASIP Contribution = 0.5 x ($560,000 - $240,000) = $160,000.
9 Construction date of Q Street Turn Lanes shall be determined by interlocal agreement between SID 608 and Douglas County. If not constructed,
$240,000 shall be made as an additional ASIP contribution (50% of the Q Street Turn Lanes, or additional ASIP contribution, shall be
reimburseable from the project south of Q Street).
G.O. Debt Less Reimbursement 5,714,570$
95% Valuation 109,537,850$
Debt Ratio 5.22% Date August 8, 2022
Exhibit D-1
Name of Addition North Streams - Phase 2 (For Reference Only)SID #608
Source and Use of Funds:(Provide a separate sheet for the preliminary plat and for each final plat phase.)
Proposed Improvements
Construction Total1 General Special Financing2
Quantity Cost Cost Obligation Assessed Reimbursable Private
Storm Sewer
Storm Sewer 2,750 LF $732,100 $1,022,400 $1,022,400
PCSMP Acquis. 3.25 AC. $179,900 $215,900 $215,900
Sanitary Sewer
North Realignment
Outfall (South of Q)
Interior 6,970 LF $712,600 $995,100 $995,100
Paving
Interior 21,545 SY $1,088,400 $1,519,800 $379,400 $1,140,400
Traffic Signals
204th St (HWY 31)
Q St. Turn Lanes
Q St. ASIP Contribution
Park (P45) 5.02 AC. $327,400 $457,300 $457,300
Sidewalk
Interior 800 SY $29,400 $41,000 $41,000
ADA Ramps 38 EA $59,900 $83,600 $83,600
City Review Fee 1 LS $31,300 $31,300 $31,300
Water
Pioneer Main Fee
Exterior
Interior 1 LS $537,800 $666,300 $666,300
Gas
Interior
Electricity3 (MU = 21 acres and R4 = 113 lots)$742,900 $920,400 $920,400
Developer G.O. Contribution $1,200,000
Total $4,441,700 $5,953,100 $2,230,900 $3,722,200 $1,200,000 $0
1 Total cost includes engineering fees and administrative fees
2 Attach a statement of assumptions as basis for preliminary projections.
3 Indicate any need to relocate on or off-site lines.
G.O. Debt Less Reimbursement 1,030,900$
95% Valuation 69,838,300$
Debt Ratio 1.48% Date August 8, 2022
Exhibit D
Name of Addition North Streams - Total (For Reference Only)SID #608
Source and Use of Funds:(Provide a separate sheet for the preliminary plat and for each final plat phase.)
Proposed Improvements
Construction Total1 General Special Financing2
Quantity Cost Cost Obligation Assessed Reimbursable Private
Storm Sewer
Storm Sewer 11,760 LF $3,053,900 $4,264,700 $4,264,700
PCSMP Acquis. 6.02 AC. $333,300 $400,000 $400,000
Sanitary Sewer
North Realignment 1,350 LF $253,000 $319,700 $85,000 $234,700 $85,000
7
Outfall (South of Q) 1,640 LF $384,700 $537,200 $537,200 $428,300
6
Interior 25,190 LF $1,885,800 $2,633,500 $2,633,500
Paving
Interior 71,390 SY $3,650,500 $5,097,800 $1,191,400 $3,906,400
Traffic Signals 2 EA $840,000 $1,173,100 $1,173,100 $733,200
5
204th St (HWY 31) 5,720 SY $657,800 $918,600 $918,600
Q St. Turn Lanes 620 TON $200,000 $240,000 $240,000 $120,000
9
Q St. ASIP Contribution 1 LS $160,000 $160,000 $160,000
8
Park (P45) 5.02 AC. $327,400 $457,300 $457,300
Sidewalk
Interior 2,700 SY $99,300 $138,600 $138,600
ADA Ramps 110 EA $173,300 $242,000 $242,000
City Review Fee 1 LS $119,400 $119,400 $119,400
Water
Pioneer Main Fee 1 LS $754,300 $887,000 $887,000
Exterior 1 LS $600,000 $743,400 $743,400 $173,300
4
Interior 1 LS $1,500,000 $1,858,500 $1,858,500
Gas
Interior
Electricity3 (MU = 53 acres and R4 = 311 lots)$1,124,800 $1,393,600 $1,393,600
Developer G.O. Contribution $3,200,000
Total $16,117,500 $21,584,400 $11,557,700 $10,026,700 $4,739,800 $0
1 Total cost includes engineering fees and administrative fees
2 Attach a statement of assumptions as basis for preliminary projections.
3 Indicate any need to relocate on or off-site lines.
4 50% of $346,600 reimbursable (per MUD 1-06-20).
5 50% of N Street Traffic Signal shall be reimbursable and 75% of a future J Street Traffic Signal shall be reimbursable.
6 The portion of outfall south of Q Street (through future South Streams project) shall be reimburseable from future special assessments.
7 To be paid by the City from the Interceptor Sewer Fund.
8 SID 608 ASIP Contribution shall be 50% of the difference in costs between constructing the Q Street Widening Project ($560,000) and the Q
Street Turn Lanes ($240,000). Q St. ASIP Contribution = 0.5 x ($560,000 - $240,000) = $160,000.
9 Construction date of Q Street Turn Lanes shall be determined by interlocal agreement between SID 608 and Douglas County. If not constructed,
$240,000 shall be made as an additional ASIP contribution (50% of the Q Street Turn Lanes, or additional ASIP contribution, shall be
reimburseable from the project south of Q Street).
G.O. Debt Less Reimbursement 6,817,900$
95% Valuation 179,376,150$
Debt Ratio 3.80% Date November 8, 2022