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19. Park Dedication. The Plat is located in the C1TY's Prairie District. The current park <br />dedication requirement for assisted living complexes is $4,738 per acre. The amount due <br />for the Plat is Thirty One Thousand Forty Three Dollars and No Cents ($4,735 x 6.55 <br />acres = $30,778.00). The rate in effect the time this Contract is executed shall be <br />collected. The park dedication fee shall be paid to CITY before release of the Plat <br />execution of the Development Permit by and between the City of Ramsey and First <br />Phoenix Group. LLC and before the City will issue the Building Permit for Stoney River. <br />20. Trail Development Fees. The current trail development fee is $600 per dwelling unit. <br />The amount due for the Plat is Forty Three Thousand Two Hundred Dollars and No <br />Cents ($600 x 33 units = $19,800.00). PERMITTEE is constructing trail improvements <br />to connect the existing trail along Nowthen Boulevard through Lot 1. These <br />improvements located on the remaining parcels to be consolidated into the existing parcel <br />shall be considered off -site improvements and actual construction costs shall be eligible <br />for credit against Trail Development Fees, as indicated on Exibit A attached hereto. The <br />rate in effect the time this Contract is executed shall be collected and paid to the City <br />before execution of the Development Permit by and between the City of Ramsey and <br />First Phoenix Group. LLC and before the City will issue the Building Permit for Stoney <br />Riverrelease of the Plat. <br />21. Water and Sanitary Sewer Connection (Trunk) Fees. The current water connection fee is <br />$2,308 per unit. The current sanitary sewer connection fee is $1,318 per unit. The total <br />amount due on the Plat is Seventy Six Thousand Three Hundred and Eight Dollars and <br />No Cents ($2,308 x 33 units = $76,164.00) for water trunk fees. The total amount due on <br />the Plat is Forty Three Thousand Four Hundred Ninety Four Dollars and No Cents <br />[$1,318 x 33 units = $43,494.00). The rate in effect the time this Contract is executed <br />shall be collected and paid to the CITY before execution of the Development Permit by <br />and between the City of Ramsey and First Phoenix Group. LLC and before the City will <br />issue the Building Permit for Stoney Riverrelease of the Plat. <br />22. Water and Sanitary Sewer Lateral Fees. The current water lateral fee is $2,308 per <br />connection. The current sanitary sewer lateral fee is $1,318 per connection. The total <br />amount due on the Plat is Twelve Thousand Nine Hundred Twenty Six Dollars and No <br />Cents ([$9,102 x 1 connection = $9,102] + [$3,824 x 1 connection = $3,824] = <br />$12,926.00). Fhe rate of said fee in effect at the time this Contract is executed shall be <br />collected. The cost to extend these services to the proposed building shall be credited to <br />these fees. <br />23. Stormwater Management Fee. The current stormwater management fee is $4,465 per <br />commercial acre. The amount due for the Plat is Fifteen Thousand Three Hundred Forty <br />Five Dollars and No Cents ($465 x 33 units = $15,345.00). The rate in effect the time <br />this Contract is executed shall be collected and paid to the CITY before execution of the <br />Development Permit by and between the City of Ramsey and First Phoenix Group. LLC <br />and before the City will issue the Building Permit for Stoney Riverrelease of the Plat. <br />STONEY RIVER <br />Development Contract <br />Page 8 of 13 <br />