Laserfiche WebLink
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 b. Anderson Engineering <br />of Minnesota, Ian, . 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 />Trail De elo m ent Fees. The current trail development fee is $1,090 per commercial <br />acre. The amount due for the Plat is Fifty Eight Thousand Fort: Three Dollars and No <br />Cents ($1,090.00 x 64.26acres = 70,0 3.0 , less trail credit of $1 ,000 = S58,043.00). <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 />3. 'grater and Sanitary Sewer Connection Trunk) Fees. The current water connection fee is <br />S ,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 08,337.00 x 64.26 acres] + [S3824.O0 x 64.26 acres] =S781,466.00). <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 Inirovei ents 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 />=. Water and Sanitary Sewer Lateral Fees. The Property is not subject to standard sanitary <br />sewer and water lateral fees. Water and sanitary sewer imrovenients are being <br />constructed pursuant to the Assessment Agreement. <br />Storrnwater Management Fee. The current stormwater management fee is S4,465 per <br />commercial acre. The amount due for the Plat is Two Hundred Fifty Thousand Forty and <br />No/100 Dollars $ ,4 5. 0 x 56 acres = 5 ,040.0 . 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 TSB and Associates <br />and dated April 28, 2011 as amended. <br />ALPHA EVE PME. Legac v Christian A c•crc e my <br />Development ment Contract <br />Page 10 of ` 1 <br />