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4.175 acre Outlot in the Plat. As a condition to the CITY'S release of the Plat for <br /> recording, PERMITTEE shall convey to the CITY fee title to the 4.175 acre Outlot C as <br /> shown on the proposed Plat, dated November 1, 2010 prepared by Anderson Engineering <br /> of Minnesota, LLC. The CITY and PERMITTEE agree that said Outlot is not being <br /> dedicated as park, but being transferred in fee-title to the CITY. <br /> 22. Trail Development Fees. The current trail development fee is $1,090 per commercial <br /> acre. The amount due for the Plat is Fifty Eight Thousand Forty Three Dollars and No <br /> Cents ($1,090.00 x 64.26 acres = $70,043.00, less trail credit.of$12,000 = $58,043.00). <br /> The acreage is based on a net developable acreage amount instead of a gross acreage <br /> amount. PERMITTEE's obligations with respect thereto are provided in the Assessment <br /> Agreement, and the actual costs of trail construction of off-site trail improvements <br /> payable by PERMITTEE pursuant to the Assessment Agreement shall be credited <br /> against the trail development fee for the Plat. <br /> 23. Water and Sanitary Sewer Connection (Trunk,) Fees. The current water connection fee-is <br /> $8,337 per acre. The current sanitary sewer connection fee is $3,824 per commercial <br /> acre. Based on the net acreage amount of 64.26 acres: the total amount due on the 64.26 <br /> acre Plat is Seven Hundred Eighty One Thousand Four Hundred Sixty Six Dollars and <br /> No Cents ([$8,337.00 x 64.26 acres] + [$3,824.00 x 64.26 acres] = $781,466.00). <br /> PERMITTEE's obligations with respect thereto are provided in the Assessment <br /> Agreement, and the actual costs of water and sanitary sewer trunk construction part of the <br /> Stage I City Imrovements payable by PERMITTEE pursuant to the Assessment <br /> Agreement shall be credited against the water connection and sanitary sewer connection <br /> fees for the Plat. <br /> 24. Water and Sanitary Sewer Lateral Fees. The Property is not subject to standard sanitary <br /> sewer and water lateral fees. Water and sanitary sewer imrovements are being <br /> constructed pursuant to the Assessment Agreement. <br /> 25. Stormwater Management Fee. The current stormwater management fee is $4,465 per <br /> commercial acre. The amount due for the Plat is Two Hundred Fifty Thousand Forty and <br /> No/100 Dollars ($4,465.00 x 56 acres = $250,040.00). The acreage is based on a <br /> permeable surface calculation instead of a gross acreage calculation. PERMITTEE's <br /> obligations with respect thereto are provided in the Assessment Agreement, and the <br /> actual costs of stormwater facilities part of the Stage I City Improvements payable by <br /> PERMITTEE pursuant to the Assessment Agreement shall be credited against the <br /> stormwater management fee for the Plat. <br /> 26. Future Development Fees. PERMITTEE agrees that none of the above fees are being <br /> collected for any of the outlots in the Plat, and therefore said outlots are subject to similar <br /> fees at a future date when such outlots are subdivided for development. <br /> 27. Trail Construction. Trails are being paid pursuant to the Assessment Agreement and <br /> constructed by the City in accordance with the plans prepared by WSB and Associates <br /> and dated April 28, 2011 as amended. <br /> ALPHA DEVELOPMENT/Legacy Christian Academy <br /> Development Contract <br /> Page 10 of 16 <br />