Agenda - Council - 11/14/2017 - Laserfiche WebLink

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The Required Improvements shall be installed in accordance with the the Final Plat and Final Engineering Plans dated June 24, 2005, and in accordance with CITY standards, CITY Code and plans and specifications which have been prepared by a competent registered professional engineer furnished to the CITY and approved by the CITY Engineer. The DEVELOPERS shall obtain all necessary permits from all agencies before proceeding with construction. Within thirty (30) days after the completion of the Improvements and before the security is released, each Developer shall supply the CITY with a complete set of reproducible "As Built" plans for the portions of the Required Improvements it constructed. 14. T&C Insnection Fees. T&C shall be responsible for inspection costs incurred by the City related to the installation of the portion of Required Improvements to be constructed by T&C. T&C shall make a cash deposit into the appropriate escrow account at the City and the. City shall have the authority to draw upon these funds for the purpose of compensating for inspection services. The amount of the deposit shall be equal to five percent (5%) of the estimated cost of the Required Improvements, which equates to Fifty Two Thousand Dollars and no cents ($52,000.00). Upon completion of the Improvements to the satisfaction of the City, any surplus balance remaining in the City's escrow account shall be refunded to T&C. 15. Payment of Sewer and Water Charees. RTC will pay Sewer Trunk Fees in the amount of $1,862 per Unit and Water Trunk Fees in the amount of $1,100 per Unit upon final plat approval. T&C will pay SAC Fees, SAC Handling Fees, and WAC Fees when it secures building permits. The fees reflected in this Section are subject to adjustment by the City, 16, Ramsev Town Center Phase I Roadway Improvements. Phase II Roadway Improvements.. AUAR Roadway Improvements. Parking Facility Improvements: In accordance with City of Ramsey Resolutions 05-02-065, 05-02-066, 05-02-067 and 05-02-068, assessments for Ramsey Town Center Phase I Roadway Improvements, Phase II Roadway Improvements, AUAR Roadway Improvements, and parking facility improvements shall be payable to the CITY in a single installment prior to the release of the final plat mylars for recording. a. As a part of the terms of the June 15, 2005 closing of the sale of part of Outlot B, Ramsey Town Center 2nd Addition, from RTC, to D.R. Horton, a total payment in the amount of One Hundred Seventy Four Thousand Seven Hundred Ninety Two Dollars and ninety-six cents ($174,792.96) (principal of $171,449.00 + $3,343.96 interest at a rate of 6.3% per annum from February 22, 2005 until June 15, 2005). was received by the CITY as satisfaction of the assessments due on that portion of the Plot lying on Outlet B, east of Rhinestone Street NM. b. The remainder of assessments due to the CITY for that part of the Plat lying on Outlot U less those parts of Outlot U to be platted as Outlets A and B, Ramsey Town Center 7th Addition are equal to approximately 6% of the overall assessments due on Ramsey Town Center, or Six Hundred Twenty Three Thousand Four Hundred Fifty One Dollars and 991100 cents ($623,451.00), plus interest at a rate of' 6,3% per annum commencing Februrary 22, 2005 to the actual Ramsey Town Center 7th Addition Development Contract Page 7 of 20 Pages 1211173074 &I077d 8/f8 5