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the greater of three (3) R_ECs per acre or the actual number of single family units; (b) <br />-commercial and industrial property shall be charged 5.5 RECs per acre, and; (c) multi- <br />family residential shall be charged the greater of 5.5 RECs per acre or the actual number of <br />dwelling units. An accounting of the charges due from River's Bend 4th and credit for <br />previous charges on these parcels results in a net trunk charge due of __ REC's, <br /> which relates to a total trunk charge of $. . This charge shall be assessed <br /> equally over the fifteen (15) residential lots. <br /> <br />14~Dat~ For Sqpplying Financial Guarantee. The DEVELOPER agrees to supply <br /> the financial guarantee as described above to the CITY prior to the CITY ordering <br /> preparation of the plans and specifications for construction of the Stage I Improvements. <br /> <br /> STAGE II IMPROVEMENTS AND FINANCIAL GUARANTEES: <br /> <br /> Street Cleaning. From time to time, the CITY may remove accumulations of soil, earth <br /> and debris from the streets resulting from the construction of the Plat. It shall be the <br /> DEVELOPER'S responsibility to pay the costs associated with this necessary street <br /> cleaning. Invoices from the CITY to DEVELOPER for such costs shall be paid within <br /> fifteen (15) days of the date of invoice. <br /> <br /> Str~et/Trl~ffi¢ Signs. Street Cleaning and Seal Coating. The CITY will install <br />i in the Plat, as Stage II Improvements, street/traffic signs and sealcoating. The <br /> DEVELOPER will pay to the CITY as amount equal to 100% of the City Engineer's <br /> estimated construction cost of the items prior to recording of the final Plat. The <br /> DEVELOPER shall also deposit an amount that is determined by the CITY to be <br /> adequate to aid in the operation and maintenance of street lights in locations determined by <br /> the City Engineer and installed by Anoka Electric Cooperative for the fh'st three (3) years. <br /> The CITY wili bill residents in the Plat at least quarterly for street light maintenance and <br /> operation costs; billings will be initiated at the time of connection to municipal water and <br /> <br />sanitary sewer. The cost of these items is: <br /> Street Cleaning <br /> Sealcoating <br /> Two (2) Street Sign(s) <br /> One (I) Traffic Sign(s) <br /> Four (4) Street Light(s) <br /> Street Light Maintenance & Operation (3 Years) <br /> <br />$300.00 <br />$2500.00 <br />$240.00 <br />$120.00 <br />$1800.00 <br />$1080.00 <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />TOTAL $6040.00 I <br /> <br /> <br />