Agenda - Council - 10/11/1994 - Laserfiche WebLink

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10. 11. side of the existing easement shall be provided. Said drainage and utility easement shall be provided in a separate, recordable document. FIRE LANES. Fire lanes shall be maintained on the Site. The exact location of these items on the Site shall be as directed by the City's Fire Chief. LIGHTING. Any lighting installed on the structure or in the parking lot shall be designed so as to deflect light away from Industry Avenue N.W. and Sunfish Lake Blvd. N.W. BUILDING FACADE. The Permittee agrees to construct all building faces of the same material as listed on the Site Plan as certified by the Zoning Administrator. PEDESTRIAN PATHWAY. The Permittee shall construct an eight (8) foot wide bituminous pedestrian pathway within the twenty (20) foot drainage and utility easement along the entire length of the south property lines of the subject property and Lot 1, Block 1, Gateway North Industrial Park Plat #3, The City shall be responsible for acquiring the necessary easement to place a pathway on Lot 1, Block 1, Gateway North Industrial Park Plat #3. The City shall reimburse the developer for the construction of the pathway at a rate of $5.00 per lineal foot; the reimbursement shall not be counted in the financial assisance listed in Paragraph 10. The proposed tree plantings in this area shoud be located south of the pathway. TAX INCREMENT FINANCING. Upon receipt of a Certificate of Occupancy for the structure, the City agrees to provide the Permittee with financial assistance in the amount of Forty Thousand Dollars and no cents ($40,000.00) toward site improvements. The Permittee agrees to enter into an Assessment A~eement, attached hereto as Exhibit D, for Lot 1, Block 1, Gateway North Industrial Park Plat 4 in the minimum amount of Five Hundred Thousand Dollars and no cents ($450,000.00) through the year 20t2. The financial assistance from the City shall be based upon the following calculations: Office space 2,400 square feet per REC 1.46 REC Warehouse space 7,000 square feet per unit 1.36 REC Total REC 2.8 2 WAC @ $1,250 SAC @ $800 SAC Handling fee @ $150 Total Charges 3,750 2,400 ,~50 $ 6,600.00 Sewer trunk charge @ $2,563 per acre Water Trunk charge @ $5,704 per acre Total Service Availability Charges 5,126.00 11,408.00 $ 16,534.00 Site Improvements $ 16,866.00 Total Assistance $ 40,000.00 FINANCIAL ASSISTANCE PAYMENT. The City shall be responsible to provide payment of the financial assistance listed in-Para~aph 10 at the time a Certificate of Occupancy is issued for the proposed facility. The Permittee may charge the payments required at the time of building permit issuance to the pending