Agenda - Council - 09/13/2016 - Laserfiche WebLink

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4.175 acre Outlot in the Plat. As a condition to the CITY'S release of the Plat for recording, PERMITTEE shall convey to the CITY fee title to the 4.175 acre Outlot C as shown on the proposed Plat, dated November 1, 2010 prepared by Anderson Engineering of Minnesota, LLC. The CITY and PERMITTEE agree that said Outlot is not being dedicated as park, but being transferred in fee -title to the CITY. 22. Trail Development Fees. The current trail development fee is $1,090 per commercial acre. The amount due for the Plat is Fifty Eight Thousand Forty Three Dollars and No Cents ($1,090.00 x 64.26 acres = $70,043.00, less trail credit of $12,000 = $58,043.00). The acreage is based on a net developable acreage amount instead of a gross acreage amount. PERMITTEE's obligations with respect thereto are provided in the Assessment Agreement, and the actual costs of trail construction of off -site trail improvements payable by PERMITTEE pursuant to the Assessment Agreement shall be credited against the trail development fee for the Plat. 23. Water and Sanitary Sewer Connection (Trunk) Fees. The current water connection fee is $8,337 per acre. The current sanitary sewer connection fee is $3,824 per commercial acre. Based on the net acreage amount of 64.26 acres: the total amount due on the 64.26 acre Plat is Seven Hundred Eighty One Thousand Four Hundred Sixty Six Dollars and No Cents ([$8,337.00 x 64.26 acres] + [$3,824.00 x 64.26 acres] = $781,466.00). PERMITTEE's obligations with respect thereto are provided in the Assessment Agreement, and the actual costs of water and sanitary sewer trunk construction part of the Stage I City Imrovements payable by PERMITTEE pursuant to the Assessment Agreement shall be credited against the water connection and sanitary sewer connection fees for the Plat. 24. Water and Sanitary Sewer Lateral Fees. The Property is not subject to standard sanitary sewer and water lateral fees. Water and sanitary sewer imrovements are being constructed pursuant to the Assessment Agreement. 25. Stormwater Management Fee. The current stormwater management fee is $4,465 per commercial acre. The amount due for the Plat is Two Hundred Fifty Thousand Forty and No/100 Dollars ($4,465.00 x 56 acres = $250,040.00). The acreage is based on a permeable surface calculation instead of a gross acreage calculation. PERMITTEE's obligations with respect thereto are provided in the Assessment Agreement, and the actual costs of stormwater facilities part of the Stage I City Improvements payable by PERMITTEE pursuant to the Assessment Agreement shall be credited against the stormwater management fee for the Plat. 26. 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. 27. Trail Construction. Trails are being paid pursuant to the Assessment Agreement and constructed by the City in accordance with the plans prepared by WSB and Associates and dated April 28, 2011 as amended. ALPHA DEVELOPMENT/Legacy Christian Academy Development Contract Page 10 of 16