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

Home

date of payoff, which amount shall be paid by RTC. The assessments on this part of Outlot U are as follow: 1. Phase I Roadway Improvements: $52,562.00. 2. Phas II Roadway Improvements: $30,899.00. 3, AUAR Roadway Improvements: $180,000.00. 4. Municipal Parking Improvements: S360,000.00. TOTAL $623.451.00 c. Reconciliation of' Outlot B. It has been determined by the CITY that there was an error in the area calculation for computing the assessments due on part of Outlot B, which assessments were collected at the June 15, 2005, closing between D.R. Horton and K. Hovanlan T&C Homes at Minnesota, LLC. The area calculation has been adjusted and the remaining assessment due on part of Outlot B is Forty Thousand Five Hundred Forty Eight dollars and Seventeen Cents ($40,548.17) (principal of $39,485.00, plus interest in the amount of $1,063.17 at a rate of 6.3% per annum from February 22, 2005 until July 28, 2005) 17. Stormwater Management Fee. The current Stormwater Management Fee is $384.00 per unit. Stormwater management fee obligations for the development are Seventy Two Thousand Nine Hundred Sixty Dollars and no cents ($72,960.00) (190 x $384.00), which fees will be paid by T&C at the time of release of final mylar plats. 18. Hard Surfaced Driveways. Hard surfaced driveways (bituminous or concrete) are a requirement for each lot in the Plat. Driveways shall be installed by the building permit applicant or the homeowner at the time the Certificate of Occupancy is issued or as soon thereafter as possible, weather permitting. In the event the driveway is not timely installed on a lot, T&C and/or T&C's assign(s), agree that the CITY may install the driveway on the lot and specially assess the cost therefore against the lot. T&C waives all right to a public hearing and other statutory rights or CITY Charter rights granted a property owner relating to special assessments, including the right to appeal the special assessment for installation of the hard surfaced driveway. In addition, T&C grants the CITY a license to enter on each lot of the Plat in order to install the improvement described in this paragraph if the same has not been previously constructed. 19. Street Cleaning. After the street surfacing is installed, the DEVELOPERS shall clear any soil, earth, or debris from the streets within the Plat resulting from any construction within the Plat by the DEVELOPERS or its successors and assigns. From time to time, the CITY may remove accumulations of soil, earth and debris from the streets resulting from the construction of the Plat. It shall be the DEVELOPERS' responsibility to pay the costs associated with this necessary street cleaning. Invoices from the CITY to the Ramsey Torun Center 7th Addition Development Contract Page 8 of 20 Pages 1311178010 82071& 81181US