Agenda - Council - 10/14/2008 - Laserfiche WebLink

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7. Inspection .Fees. The DEVELOPER shall be responsible for all inspection costs incurred by the City related to the installation of Stage I Improvements. No Stage I Improvements are being proposed with the Plat, The DEVELOPER agrees that the inspection fees required as part of the Plat shall be paid to the City in the amount of Zero Dollars ($0.00). The DEVELOPER shall pay all inspection fees before release of the plat for recording at Anoka County. 8, Stage I Improvement Maintenance Financial Guarantee. In addition to the financial guarantee required by Paragraph 6 above, the DEVELOPER. shall also post a Stage I Improvement maintenance guarantee with the CITY. Said maintenance guarantee shall be deposited with the CITY at the time Stage I Improvements are accepted by the CITY and prior to release by the CITY of the financial guarantee required by Paragraph 6 above. No Stage I Improvements are being proposed with the Plat. The amount of the maintenance guarantee shall be Zero Dollars and No Cents ($0.00) or five percent (5%) of the cost of the Stage I Improvements, whichever is greater. Said maintenance guarantee shall be held by the CITY fora one (1) year period from the date of its deposit. This financial guarantee is for the purpose of ensuring that the Stage I Improvements have been constructed in accordance with City standards and may be called upon at the -CITY'S discretion during said one (1) year period if the CITY determines it necessary to repair and/or replace any of the Stage I improvements, Said financial guarantee shall -be in the form of a letter of credit, approved as to form by the CITY. The maintenance guarantee shall be in the amount of Zero Dollars and No Cents ($0.00). 9. Sewer and Water Trunk Fees. The current sewer and water trunk fees are $3,228.00 per residential dwelling unit if or $11,544.00 per commercial/industrial acre if service is available. Lot 1, Block 1, Michels Property will remain on private well and septic. The amount due on the Plat is Zero Dollars and No Cents ($0.00). These charges shall be the responsibility of the DEVELOPER, and will be collected before the release of the plat for recording, 10. Stoemwater Management Fees. The current stormwater management fees are $425 per residential dwelling unit or $4,238 per commercial/industrial acre. Lot 1, Block 1 Michels Property is an existing lot of record. The amount due on the plat is Zero Dollars and No Cents ($0.00). SECTION II PARK DEDICATION 11, Park Dedication Requirements. The current park dedication requirement is $2,475 per residential dwelling unit or $3,996 per commercial acre. Park Dedication has been satisfied for Lots 26 and 27, Auditors Subdivision No.. 96. The amount due on the Plat is Zero Dollars and No Cents ($0.00). The DEVELOPER shall pay all park dedication fees before Ebony Woods .Development Agreement June 2008 .Page 4 of 8 —307—