Agenda - Council - 05/09/2017 - Laserfiche WebLink

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EXHIBIT B Fees Payable to the City 1. Park Dedication. The PERMITTEE is responsible for satisfying applicable Park Dedication requirements. The 2017 Park Dedication Fee applicable to the Plat is $2,800.00 per residential unit. PERMITTEE must pay a Park Dedication Fee of Seventy Five Thousand Six Hundred Dollars and No Cents ($2,800 x 27 units = $75,600.00). The PERMITTEE acknowledges that these fees are estimates. The rate in effect when the Plat is recorded will be collected. 2. Trail Development Fees. The PERMITTEE is responsible for satisfying applicable Trail Development Fee requirements. The 2017 Trail Development Fee applicable to the Plat is $800.00 per residential unit. The PERMITTEE may apply the cost of the trail construction in Outlot A as well as the boardwalk construction towards the required trail fee. The engineers estimate stated a cost of Seven Hundred Sixty Dollars and No Cents ($760.00) for the construction of the trail, and a cost of Two Thousand Three Hundred and Forty Dollars and No Cents ($2,340.00) for a total credit of Three Thousand One Hundred Dollars and No Cents ($3,100.00) of improvements that can be credited towards the total trail fee paid. The PERMITTEE must pay a Trail Development Fee of Fifteen Thousand and Four Hundred Dollars and No Cents ($15,400.00) ($800 x 27 units - $3,100 credit = $15,400.00). The PERMITTEE acknowledges that these fees are estimates. The rate in effect when the Plat is recorded will be collected. 3. Sanitary Sewer Connection (Trunk) Fees. The PERMITTEE is responsible for satisfying applicable Sanitary Sewer Trunk Fee requirements. The 2017 Sanitary Sewer Trunk applicable to the Plat is $1,126.00 per residential unit. PERMITTEE must pay a Sanitary Sewer Trunk Fee of Thirty Thousand Six Hundred Ninety Nine Dollars and No Cents ($1,137 x 27 units = $30,699.00). The PERMITTEE acknowledges that these fees are estimates. The rate in effect when the Plat is recorded will be collected. 4. Water Connection (Trunk) Fees. The PERMITTEE is responsible for satisfying applicable Water Trunk Fee requirements. The Plat is located in a reimbursement area related to previous construction of the water trunk line that services the Plat. 21st Century Bank is entitled to reimbursement of fees collected for the Plat per the existing reimbursement agreement. The 2017 Water Trunk applicable to the Plat is $1,925.00 per residential unit. PERMITTEE must pay a Water Trunk Fee of Fifty One Thousand Nine Hundred Seventy Five Dollars and No Cents ($1,925 x 27 units = $51,975.00). The PERMITTEE acknowledges that these fees are estimates. The rate in effect when the Plat is recorded will be collected. A copy of the reimbursement agreement is attached hereto as Exhibit C. 5. Sanitary Sewer Lateral Benefit Fees. The PERMITTEE is constructing its own lateral service lines; therefore no sanitary sewer lateral benefit fee is due.