Agenda - Council - 08/23/2011 - Laserfiche WebLink

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19. Park Dedication. The Plat is located in the CITY's Prairie District. The current park dedication requirement for assisted living complexes is $4,738 per acre. The amount due for the Plat is Thirty One Thousand Forty Three Dollars and No Cents ($4,735 x 6.55 acres = $30,778.00). The rate in effect the time this Contract is executed shall be collected. 20. Trail Development Fees. The current trail development fee is $600 per dwelling unit. The amount due for the Plat is Forty Three Thousand Two Hundred Dollars and No Cents ($600 x 33 units = $19,800.00). PERMITTEE is constructing trail improvements to connect the existing trail along Nowthen Boulevard through Lot 1. These improvements located on the remaining parcels to be consolidated into the existing parcel shall be considered off -site improvements and actual construction costs shall be eligible for credit against Trail Development Fees, as indicated on Exibit A attached hereto. The rate in effect the time this Contract is executed shall be collected. 21. Water and Sanitary Sewer Connection (Trunk) Fees. The current water connection fee is $2,308 per unit. The current sanitary sewer connection fee is $1,318 per unit. The total amount due on the Plat is Seventy Six Thousand Three Hundred and Eight Dollars and No Cents ($2,308 x 33 units = $76,164.00) for water trunk fees. The total amount due on the Plat is Forty Three Thousand Four Hundred Ninety Four Dollars and No Cents [$1,318 x 33 units = $43,494.00). The rate in effect the time this Contract is executed shall be collected. 22. Water and Sanitary Sewer Lateral Fees. The current water lateral fee is $2,308 per connection. The current sanitary sewer lateral fee is $1,318 per connection. The total amount due on the Plat is Twelve Thousand Nine Hundred Twenty Six Dollars and No Cents ([$9,102 x 1 connection = $9,102] + [$3,824 x 1 connection = $3,824] = $12,926.00). The rate in effect the time this Contract is executed shall be collected. The cost to extend these services to the proposed building shall be credited to these fees. 23. Stormwater Management Fee. The current stormwater management fee is $4,465 per commercial acre. The amount due for the Plat is Fifteen Thousand Three Hundred Forty Five Dollars and No Cents ($465 x 33 units = $15,345.00). The rate in effect the time this Contract is executed shall be collected. 24. Future Development Fees. PERMITTEE agrees that none of the above fees are being collected for any of the outlots in the Plat, and therefore said outlots are subject to similar fees at a future date when such outlots are subdivided for development. 25. Trail Construction. Trails shall be constructed along Nowthen Boulevard with a ten foot width. Any trail constructed on private property within the Plat (not in right of way) shall be encumbered by a perpetual trail easement in accordance with Item #26 below. Due to the fact that the fmal alignment of the required trail along Saint Francis Boulevard has not yet been determined, in addition to future development to occur on the Subject Property, a trail will not be required along Saint Francis Boulevard at this time. In lieu of construction of the trail, a twenty (20) foot perpetual trail easement along Saint Francis Boulevard shall be required to be recorded simultaneously with the Plat. Construction STONEY RIVER Development Agreement Page 8 of 12