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Agenda - Council - 09/14/2021
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Agenda - Council - 09/14/2021
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3/14/2025 3:08:59 PM
Creation date
10/22/2021 12:12:21 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
09/14/2021
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EXHIBIT B <br />Fees Payable to the City <br />Park Dedication and Trail Development <br />Park Dedication <br />0-12 Units per zicre; or 88 <br />Trail Development <br />881 <br />Subtotal Park and Trail Development <br />per unit $3,500 $308000 <br />per unit $1000 $88,000 <br />$396,000 <br />Water and Sewer Fees <br />Water Trunk (Connection) <br />Sanitary Sewer Trunk (Connection <br />Subtotal Water and Sewer Fees <br />per unit <br />881 per unit <br />$1,852 $162,976 <br />$1.,274 $112,112 <br />$275, 088 <br />Stormwater Management Fees <br />Stormwater Management <br />Subtotal Stormwater Management <br />GRAND TOTAL FOR DEVELOPMENT FEES <br />88 <br />per unit <br />$502 $44,176 <br />$44,176 <br />$715,264 <br />Sureties and Inspection Fees <br />Performance Surety (returned when complete) <br />Engineering Inspection Fee <br />1,500,000 <br />Estimated <br />1,500,000 <br />cost of improvement 125% $1,875,000 Cash or Letter of Credit <br />cost of improvement <br />5% $75,000 Cash Escrow <br />12 <br />
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