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<br />Seedbed preparation costs will consist of chisel plowing or deep ripping at a cost of approximately <br />$ l30 per acre which translates to an estimated cost of approximately $ 520. Actua] seeding costs <br />will be approximately $ 260 for the entire site, of approximately four acres which will need to be <br />reseeded. A 16-7-12 fertilizer will be applied at the rate of 100 pounds per acre at an estimated cost <br />of $ 1.70 per pound for a total estimated cost of $ 680. Clean straw or native hay mulch will be <br />applied at the rate of one ton per acre at an estimated cost of $ 280 per acre for a total estimated cost <br />of approximately $ 1,120. Given the excellent quality of the topsoils in this area and the past high <br />rate of revegetation success which have been experienced in this area, it is highly unlikely that there <br />will need to be any additional revegetation efforts to compensate for seedling failure. Based upon <br />these estimates it is calculated that the total revegetation costs for this site will be $ 2,840. <br />Based upon these estimates, it can be determined that the total direct reclamation costs for this <br />project will be approximately $ 15,927. <br />Indirect Reclamation Costs. The following indirect reclamation costs are calculated as required by <br />the CDMG bond calculations. <br />Contractors Overhead and Profit <br />Public Liability Insurance <br />Contractors Performance Bond <br />Contractors Profit <br />Total Construction Amount <br />3.00 % of direct costs $ 478 <br />0.9375 % of direct costs $ 149 <br />10.0 % of direct costs 1 598 <br />Subtotal $ 2,225 <br />CDMG Project Administration Expenses <br />TOTAL PERFORMANCE BOND AMOUNT <br />This EXHIBIT was prepared by <br />/~( C~.z_ <br />Kent A. Crofts <br />19 March 2001 <br />$18,152 <br />$ 3,630 <br />$21,782 <br />25 <br />