Agenda - Council - 05/13/2008 - Laserfiche WebLink

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-186- Four Hundred Seventy -Five dollars and no cents ($2,475.00) (1 lot x $2,475.00 per lot). This fee shall be paid prior to the CITY releasing the Final Plat for recording. Trail Development Fee. The CITY has enacted a trail development fee and the current rate is Six Hundred Dollars and no cents ($600.00) per lot. Lot 1 is an existing homestead and is exempt from trail development fees. It is herein agreed that the trail development fee for Lot 2 is waived but that the DEVELOPER shall provide a fifteen (15) foot wide trail easement along the northeasterly property line of Lot 1 of the Plat to the CITY as a separate, recordable document to satisfy the trail development fee for the Plat. . Stormwater Management Fee. The CITY has enacted a Stormwater Management Fee and the current rate is Four Hundred Twenty Five Dollars and no cents ($425.00) per unit. Lot 1 is an existing homestead and is exempt from this fee. Therefore, a cash payment in the amount of Four Hundred Twenty Five Dollars and no cents ($425.00) shall be required to satisfy stormwater management fees for Lot 2 of the Plat. This fee shall be paid prior to the CITY releasing the Final Plat for recording. 9. Tree Planting Prior to issuance of a Certificate of Occupancy, the DEVELOPER shall plant two new one (1) inch diameter overstory trees in the front yard of each lot of the Plat. However, it is herein agreed that the landscaping requirements be waived for both lots in lieu of existing tree cover within the Plat. In addition, the DEVELOPER shall comply with the following: a ) Minimizing the impact of construction on trees in accordance with Minnesota Extension Service publication "Protecting Trees From Construction Damage" (Publication #NR -FO- 6135 -S). b) In the event the weather is not conducive to tree planting at the time of Certificate of Occupancy, the Building Permit holder shall place a cash deposit in the amount of Three Hundred Dollars and no cents ($300.00) for trees in an escrow account with the CITY and upon verification of the planting being accomplished, said cash deposit shall be refunded to the Building Permit holder. Failure of the Builder to comply with the planting requirement within a reasonable time frame following a determination by the CITY that weather conditions are conducive to planting shall give the CITY authority to cause the planting, the cost of which shall be charged to the escrow account and the Builder shall not be eligible for a refund of the cash deposit made for this purpose. 10. Tree Disease Prevention and Disposal. The DEVELOPER shall prevent the introduction and spread of tree disease into the residual tree populations of the Plat and adjoining properties as well as mitigate the effects of construction activity on tree health, within and outside of the Plat. The DEVELOPER, in order to protect trees from construction damage shall: Development Agreement: Kings Ranch Estates Page3of6