Agenda - Council - 08/24/2021 - Laserfiche WebLink

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d. Water and Sanitary Sewer Lateral Fees. The Property is not subject to standard sanitary sewer and water lateral fees. Water and sanitary sewer improvements are being constructed pursuant to the Assessment Agreement: e. Stormwater Management Fee. The current stormwater management fee is $4,465 per commercial acre. The amount due for Lot 1, Block 1 of the Plat is Two Hundred Fifty Thousand Forty and No/100 Dollars ($4,465.00 x 56 acres $250,040.00). The acreage is based on a permeable surface calculation instead of a gross acreage calculation. PERMITTEE's obligations with respect thereto are provided in the Assessment Agreement, and the actual costs of stormwater facilities part of the Stage I City Improvements (as such term was defined in the Original Development Agreement) payable by PERMITTEE pursuant to the Assessment Agreement shall be credited against the stormwater management fee for the Plat. f. Future Development Fees. PERMITTEE agrees that, except as otherwise provided in the Assessment Agreement, none of the above fees are being collected for any of Outlots A, B or D in the Plat, and therefore said outlots are subject to similar fees at a future date when such outlots are subdivided for development, but such fees shall not be duplicative of fees assessed to Outlots A, B and D pursuant to the Assessment Agreement. 5. Miscellaneous. a. Proof of Authority. The CITY requires PERMIT TEE to provide proof of authority by its governing board to execute this Agreement. This proof of authority may be satisfied by providing the CITY with a certified copy of the minutes of the governing board of PERMITTEE. b. Contract Binding On Successors and Assigns. This Agreement shall be binding upon the parties, and their respective successors and assigns. 6. Requirements for Issuance of Building Permits within the Plat. a. The PERMITTEE shall enter into a new development agreement for private improvements per City Code Section 117-54. The PERMITTEE shall be responsible for installing improvements required by Chapter 117 in effect at the time of approval. b. The PERMITTEE shall not be in default of amounts owing under the Assessment Agreement. 7. Notices. All notices required or permitted by this Agreement to be given to a party shall be in writing, and shall be either personally delivered or mailed by certified or registered mail to such party at the following address or such other address as such party shall specify in a notice to the other party: ALPHA DEVELOPMENT Amended Development Contract -. 3 - 3351371v9