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Agenda - Council - 06/08/2021
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Agenda - Council - 06/08/2021
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Last modified
3/14/2025 3:00:32 PM
Creation date
6/21/2021 9:50:54 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
06/08/2021
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EXHIBIT B <br />Fees Payable to the City <br />Park Dedication and Trail Development <br />Park <br />Dedication <br />0-12 Units per <br />acre; or 39 per unit $3,500 $136,500 <br />27 unit credit $3,500 -$94,500 <br />Trail Development 39 per unit $1, 000 $39,000 <br />Subtotal Park and Trail Development $81,000 <br />Water and Sewer Fees <br />Water Trunk <br />(Connection) 39 per unit $1,852 $72,228 <br />Sanitary Sewer Trunk (Connection) 39 per unit $1,274 $49,686 <br />Subtotal Water and Sewer Fees $121,914 <br />Stormwater Management Fees <br />Stormwater <br />Management 39 per unit $502 $19,578 <br />Subtotal Stormwater Management $19,578 <br />GRAND TOTAL FOR DEVELOPMENT FEES $222,492 <br />Sureties and Inspection Fees <br />cost of <br />Performance Surety (returned when complete) $951,156 improvement 75% $713,367 <br />Grading Surety (10% of original grading total letter of <br />agreement) $145,884 credit 10% $14,588 <br />Cash or <br />Letter of <br />$727,955 Credit <br />cost of <br />Engineering Inspection Fee $951,156 improvement 3% $23,779 Cash Escrow <br />12 <br />
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