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aevelopment Fees, Surety Requirements, and Other Financial Information <br />The City has made its best effort to provide a comprehensive list of applicable development fee and <br />financial surety requirements related to subdivision requests. Each request may include additional <br />requirements due to unique circumstances. Please contact City Staff for other potential impacts. <br />Development fees and financial sureties will be included in the required Development Agreement. A <br />boilerplate development agreement is available on the City's website found at www.citvoframsev.com. <br />Residential Development Fees for Major Plats <br />Application Fee <br />Escrow Requirement (minimum) <br />Financial Surety <br />Inspection fee <br />Park Dedication Fees <br />Trail Development Fee <br />Water Trunk Fee <br />Sewer Trunk Fee <br />Water Lateral <br />Development Review Manual (September 2011) <br />Plat/Subdivision Review <br />Page 19 of 45 <br />$200 <br />$1,500 + City cost exceeding $1,500 <br />125% of the estimated cost of any public <br />improvements required (including, but not limited to <br />sanitary sewer, water, curb and gutter, streets, storm - <br />water sewer) <br />5% of the estimated cost of any public improvement <br />required <br />Cash <br />$2,475/unit (0-11.99 units/acre) <br />$2,289/unit (12-19.99 units/acre) <br />$2,104/unit (20+ units/acre) <br />$4,738/acre (assisted living) <br />Land <br />10% (0-3.0 units/acre) <br />15% (3.1-5.0 units/acre) <br />15% + 0.5%/each 5 units/acre (5.1 units/acre) <br />5% (assisted living) <br />Planned Unit Development <br />10% gross land + $2,475/unit <br />$600/unit <br />$2,308/unit <br />$1,318/unit <br />Actual cost or $9,102/connection if available <br />