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this Contract will be collected. The Engineer's Estimate of installation of private sanitary sewer lines is $23,600. As the Engineer's Estimate exceeds the cost of the lateral fee, no sanitary sewer lateral fee will be collected . Proof of recording of this Contract shall be proof that this fee has been paid. 23. Water Lateral Fees. The PERMITTEE is responsible for satisfying Water Lateral Fee requirements as the newly constructed units will be connecting to existing infrastructure. The 2012 Water Lateral Fee is $8,777 per connection. You will be responsible for a payment of Twenty Six Thousand Three Hundred Thirty One Dollars and No Cents ($8,777 x 3 connections = $26,331.00). The rate in effect at the time of execution of this Contract will be collected. The Engineer's Estimate of installation of private water lines is $33,612. As the Engineer's Estimate exceeds the cost of the lateral fee, no water lateral fee will be collected . Proof of recording of this Contract shall be proof that this fee has been paid. 24. Stormwater Manaaement Fee. The PERMITTEE is responsible for satisfying Stormwater Trunk Fee requirements. The 2012 Water Trunk Fee is $4,465 per commercial area of net developable area. You will be responsible for a payment of Seventeed Thousand Seven Hundred Twenty Six Dollars and No Cents ($448 x 3.97 acres = $17,726.00). The rate in effect at the time of execution of this Contract will be collected. . Proof of recording of this Contract shall be proof that this fee has been paid. 25. Street Liaht and Street Liaht Operation and Maintenance Fee. The PERMITTEE is responsible for satisfying Street Light and a Three Year Street Light Operation and Maintenance Fee requirements. The 2012 Street Light Fee for The COR is $2,600 per light. You will be responsible for a payment of Thirty One Thousand Two Hundred Dollars and No Cents ($2,260 x 12 lights = $31,200.00). The 2012 Street Light Fee Three Year Operation and Maintenance Fee for The COR is $294 per light. You will be responsible for a payment of Three Thousand Five Hundred Dollars Twenty Eight Dollars and No Cents ($294 x 12 lights = $3,528.00). The rate in effect at the time of execution of this Contract will be collected.. Proof of recording of this Contract shall be proof that this fee has been paid. 26. Development Fees for the Outlots. The PERMITTEE agrees none of the above fees are being collected for the outlots and therefore said outlots are subject to similar fees at a future date when it subdivides for development. 27. Notices. Required notices shall be in writing, and shall be either hand delivered to the Parties, its employees or agents, or mailed to them by certified or registered mail at the following address: THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF RAMSEY Attn: Executive Director 7550 Sunwood Drive Ramsey, MN 55303 CITY OF RAMSEY Attn: City Administrator 7550 Sunwood Drive NW Ramsey, MN 55303