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Resolution 1136.pdf - City of Bonney Lake

Resolution 1136.pdf - City of Bonney Lake

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October 12, 2004<br />

PUBLIC WORKS DEPARTMENT<br />

STAFF REPORT<br />

The <strong>City</strong> <strong>of</strong> <strong>Bonney</strong> <strong>Lake</strong>'s mission is to protect the community's livable identity and scenic beauty<br />

through responsible growth planning and by providing accountable, accessible and efficient local<br />

government services."<br />

Ashton Woods Latecomer Agreement<br />

In August <strong>of</strong>2003, a Public Hearing was held regarding the Ashton Woods<br />

Latecomer Agreement. Based on the estimated 2003 construction costs <strong>of</strong><br />

$511,732.20 the pro-rata share was estimated to be $550.25 per Residential<br />

Equivalent Unit (REU).<br />

Final construction is now complete and final costs have been submitted.<br />

Based on the total construction and construction management cost <strong>of</strong><br />

$585,582.44 the final pro-rata share has been determined to be $629.66 per<br />

REU.

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