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Eighty One Thousand Four Hundred Sixty Six Dollars and No Cents ([$8,337.00 <br /> x 64.26 acres] + [$3,824.00 x 64.26 acres] = $781,466.00). PERMITTEE's <br /> obligations with respect thereto are provided in the Assessment Agreement, and <br /> the actual costs of water and sanitary sewer trunk construction that is part of the <br /> Stage I City Tmr-evement Improvements (as such term was defined in the Original <br /> Development Agreement)payable by PERMITTEE pursuant to the Assessment <br /> Agreement shall be credited against the water connection and sanitary sewer <br /> connection fees for the Plat. <br /> d. Water and Sanitary Sewer Lateral Fees. The Property is not subject to standard <br /> sanitary sewer and water lateral fees. Water and sanitary sewer <br /> iffifevementsimprovements are being constructed pursuant to the Assessment <br /> Agreement. <br /> e. Stormwater Management Fee. The current stormwater management fee is $4,465 <br /> per commercial acre. The amount due for [Lot 1. Block 1] of the Plat is Two <br /> Hundred Fifty Thousand Forty and No/100 Dollars ($4,465.00 x 56 acres = <br /> $250,040.00). The acreage is based on a permeable surface calculation instead of <br /> a gross acreage calculation. PERMITTEE's obligations with respect thereto are <br /> provided in the Assessment Agreement, and the actual costs of stormwater <br /> facilities part of the Stage I City Improvements (as such term was defined in the <br /> Original Developmment Agreement)payable by PERMITTEE pursuant to the <br /> Assessment Agreement shall be credited against the stormwater management fee <br /> for the Plat. <br /> f. Future Development Fees. PERMITTEE agrees that except as otherwise <br /> provided in the Assessment Agreement, none of the above fees are being <br /> collected for any of the A. B or D in the Plat, and therefore said <br /> outlots are subject to similar fees at a future date when such outlots are subdivided <br /> for development but such fees shall not be duplicative of fees assessed to Outlots <br /> A. B and D pursuant to the Assessment Agreement. <br /> 5. 3—Miscellaneous. <br /> a. Proof of Authority. The CITY requires PERMITTEE to provide proof of <br /> authority by its governing board to execute this AmendmefftAgreement. This proof <br /> of authority may be satisfied by providing the CITY with a certified copy of the <br /> minutes of the governing board of PERMITTEE. <br /> b. Contract Binding On Successors and Assigns. This Getit-FatAgreement shall be <br /> binding upon the parties, and their respective successors and assigns. <br /> 6. 4-Requirements for Issuance of Building Pefmi Permits within the Plat. <br /> a. The PERMITTEE shall enter into a new development agreement for private <br /> improvements per City Code Section 117-54. The PERMITTEE shall be <br /> ALPHA DEVELOPMENT <br /> Amended Development Contract <br /> -3- <br /> 335137148 <br />