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of Minnesota, LLC. The CITY and PERMITTEE agree that said Outlot is not being <br />dedicated as park, but being transferred in fee -title to the CITY. <br />22. Trail Development Fees. The current trail development fee is $1,090 per commercial <br />acre. The amount due for the Plat is Fifty Eight Thousand Dollars and No Cents <br />($1,090.00 x 64.26 acres = $70,043.00, less trail credit of $12,043 = $58,000.00 — final <br />trail credit and fee amount to be inserted). The acreage is based on a net developable <br />acreage amount instead of a gross acreage amount. PERMITTEE's obligations with <br />respect thereto are provided in the Assessment Agreement, and the actual costs of trail <br />construction of off -site trail improvements as shown on Exhibit B, herein attached, <br />payable by PERMITTEE pursuant to the Assessment Agreement shall be credited <br />against the trail development fee for the Plat. <br />23. Water and Sanitary Sewer Connection (Trunk) Fees. The current water connection fee is <br />$8,337 per acre. The current sanitary sewer connection fee is $3,824 per commercial <br />acre. Based on the net acreage amount of 64.26 acres: the total amount due on the 64.26 <br />acre Plat is Seven Hundred Eighty One Thousand Four Hundred Sixty Six Dollars and <br />No Cents ([$8,337.00 x 64.26 acres] + [$3,824.00 x 64.26 acres] = $781,466.00). <br />PERMITTEE's obligations with respect thereto are provided in the Assessment <br />Agreement, and the actual costs of water and sanitary sewer trunk construction part of the <br />Stage I City Imrovements payable by PERMITTEE pursuant to the Assessment <br />Agreement shall be credited against the water connection and sanitary sewer connection <br />fees for the Plat. <br />24. Water and Sanitary Sewer Lateral Fees. The Property is not subject to standard sanitary <br />sewer and water lateral fees. Water and sanitary sewer imrovements are being <br />constructed pursuant to the Assessment Agreement. <br />25. Stormwater Management Fee. The current stormwater management fee is $4,465 per <br />commercial acre. The amount due for the Plat is Two Hundred Fifty Thousand Forty and <br />No /100 Dollars ($4,465.00 x 56 acres = $250,040.00). The acreage is based on a <br />permeable surface calculation instead of a gross acreage calculation. PERMITTEE's <br />obligations with respect thereto are provided in the Assessment Agreement, and the <br />actual costs of stormwater facilities part of the Stage I City Improvements payable by <br />PERMITTEE pursuant to the Assessment Agreement shall be credited against the <br />stormwater management fee for the Plat. <br />26. Future Development Fees. PERMITTEE agrees that none of the above fees are being <br />collected for any of the outlots in the Plat, and therefore said outlots are subject to similar <br />fees at a future date when such outlots are subdivided for development. <br />27. Trail Construction. Trails are being constructed pursuant to the Assessment Agreement. <br />28. Easements. PERMITTEE shall be responsible for drafting and recording easements for <br />all trails and sidewalks on private property. Said easements shall be executed prior to the <br />CITY releasing the Plat for recording and shall be recorded at the same time as the Plat. <br />ALPHA DEVELOPMENT /Legacy Christian Academy <br />Development Contract <br />Page 10 of 18 <br />