Agenda - Council - 05/23/1995 - Laserfiche WebLink

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}cvelcper s Agr~ment: CITY OF S~VA~E ~ 812 42? 5545 N0.33~ Page 8 of 15 COLLECTOR STREETS. In accordance with City ordinances (Resolution Ro91-4) and approved policies, the costs of all local or collector streets within or abutting a subdivision is a developmental responsibility. This responsibility is for a standard City design street, to a "7-ton strength standard" and to a maximum width of 36 feet face to face. The Developer acknowledges that alt properties are responsible for construction of, or contribution toward, the construction of collector streets in the City of Savage. In conformance with this, the Developer does hereby acknowledge and agree that there is due and owing against lots which comprise the subdivision, a collector street assessment in the amount of $1,302.00' per net developable acre. of land area payable at time of platting, plus ~ fee of $213.00' per residential lot collectable at time of building permit issuance. This assessment is for the purposes of paying the increased costs of added width or structure required for collector streets that serve all developments. This debt shall constitute a lied against said subdivision. There shall be credited against the collector street assessment mede on the per acre basis all amounts expended under this Developer's Agreement for collector streets required by the City and constructed by the Developer. The amount of such credit shell be determined by one of the following conditions as applicable: * Current Collector Street Policy rate as of 1/93. Subsequent phases shall use the rate in effect at the time the Developer's Agreement is signed for that phase, _C~dition 1: Any construction hosts of a standard street with 7-ton desigp strength and a width as required for the Subdivision shall be totally a developmental cost with nd credit provided. This shall be for a street width inclusive of the 32-ft. minimum allowable width and up to the 36-ft. maximum required width along the City approved variances thereto. _Condition 2: For any required increase in'street strength to a design higher than the 7-ton standard, which requirement does not include a width greater than 36.0 feet, the credit against the collector street area assessment shall be determined from a City approved engineer's est[mate or construction bid by calculating the cost of the required strength street and subtracting therefrom the cost of the standard strength street. Condition 3: For any required increase in street width to a design standard wider than the nominal street width approved for the Subdivision {except as described in Condition 1 herein), the credit against the collector street area assessment shall be determined from a City approved engineer's estimate or construction bid by calculating the cost of the required width street and subtracting therefrom the cost of the 36' width street for the Subdivision. Condition 4: For any required increase in both street structure and width to strength standard higher than 7-ton, or width standard greater than the nominal street width approved for the Subdivision (except as described on condition 1 herein), the credit against the collector street area assessment shall be determined from a City approved engineer's estimate or contractor's bid by calculating the cost of the required width I I I I I ! I I I I I I I I I I