Agenda - Council - 11/22/2005 - Laserfiche WebLink

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Utilities: The site is proposing utility access from West Town Center Drive. Some of the utilities have .been installed in West Town Center Drive to serve previous phases of Ramsey Town Center. A stormwater quality treatment manhole will be required for this block. It must be sized to accommodate all of the proposed development on this .block. The water and sewer lines. must be routed to avoid future buildings while providing connection points for these buildings. Excavation of the paved streets to connect future buildings will not be approved. Sewer and Water Trunk Fees: The 2005 Sewer Trunk Fee is $3,284.00 per commercial -acre. The 2005 Water Trunk Fee is $7,313.00 per commercial acre. The rate in effect at the time of final plat approval will be charged. Park Dedication/Trail Development: Per the Master Development Agreement, the City . and the Master Developer have negotiated _a Park and Trail Dedication Agreement. In accordance with the Park and Trail Dedication Agreement, there are no park dedication or trail development fees owed on this plat. However, there is a park payment obligation in the 1st Amendment to the Master Development Agreement that requires a cash payment, to the City, upon sale of the property in an amount equal to $5,000.00 per acre being sold on the property in accordance with the zoning regulations. Stormwater Management Fee: The 2005 Stormwater Trunk Fee is $3,835.00 per commercial acre. The rate in effect at the time of final plat approval will be charged. A • cash payment_ will be required before the City will release the building permit. Ramsey Town Center Phase I Roadway Improvements, Phase II Roadway Improvements, AUAR Roadway Improvements, Parking Facility Improvements: In accordance with City of Ramsey Resolutions 05-02-065, 05-02-066, 05-02-067 and 05- 02-068, assessments for Ramsey Town Center Phase I Roadway Improvements, Phase II Roadway Improvements, AUAR Roadway Improvements, and parking facility improvements shall be payable to the City in a single installment prior to the release of the final, plat mylars for recording. Total payment due includes principal plus accrued interest in the amount of 6.3% per annum commencing February 22, 2005. REU Number: This property will be subject to a storm water utility charge. The quarterly charge is dependent upon the number Residential Equivalent Units (REU) calculated for this property. Development Agreement: As part of the approval by City Council, the applicant will need to enter into -a development agreement with City. This agreement, among other things, will incorporate relevant items from the Master Development Agreement with Ramsey Town Center LLC that will be obligations for PSD, LLC. The Development Agreement will also enumerate the financial sureties needed by the City to allow construction of the project. 1� -300-