Laserfiche WebLink
EXHIBIT B <br />Fees Payable to the Cityl <br />Park Dedication2 0-12 Units per acre <br />Trail Development, Residential <br />otal Park` and Trail Developmen <br />Water and Sewer:Fees3 <br />Water Trunk (Connection) <br />Sanitary Sewer Trunk (Connection) <br />Water Main to Bowers Drive <br />Sanitary Sewer Oversizing <br />Sanitary Sewer Forcemain <br />Sanitary Sewer Stub to Park <br />Note: SAC and WAC collected with building permit. <br />$159,490 <br />$107,092 <br />($29,695.00)4 <br />($32,349.75)4 <br />($131,887.50)4 <br />($1,277.50)4 <br />1Fees due at time of recording. Fees outlined above indicate 2022 fees. If plat is not recorded in 2022, <br />fees at time of recording will be due. No fees due at this time for Lot 1, Block 1 or Outlot 0 (existing <br />homes), nor any outlots. <br />a This shall satisfy park dedication requirements for the entire approved preliminary plat, as approved in <br />Resolution #21-101 for 244 lots. All other fees shall be due with each subsequent addition. <br />s City Engineer may reduce these rates based on reimbursement for building of trunk utility lines per City <br />policy. This document shall be updated accordingly and recorded with accurate reimbursement/fee <br />amounts based on length of trunk utility lines built. <br />4 Estimated reimbursement amount not included in development fees. City shall reimburse Permittee for <br />actual costs upon receipt of detailed invoice following completion and acceptance of work. <br />Performance Surety <br />(returned when complete) <br />$3,873,775 cost of improvement 5% $193,689 Cash Escrow <br />Engineering Inspection <br />Fee <br />Landscaping Maintenance <br />Guarantee <br />$3,873,775 <br />$21,240 <br />cost of improvement <br />125% $4,842,219 <br />Cash or Letter of Credit <br />Cash or Letter of Credit (required after <br />performance surety release) <br />14 <br />