Agenda - Council - 03/28/2023 - Laserfiche WebLink

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EXHIBIT B Fees Payable to the City 1. Park Dedication. The PERMITTEE is responsible for satisfying applicable Park Dedication Fee requirements. PERMITTEE must pay a Park Dedication Fee of $234,000.00 (52 units x $4,500.00 per unit). The PERMITTEE acknowledges that these fees are established for 2023 and the PERMITEE will be charged the rate charged is in effect when the Plat is recorded. In lieu of fees on the first 165 lots in the Trott Brook Crossing development (this phase and future phases), a deed will be provided for the parkland parcels. 2. Trail Development Fees. The PERMITTEE is responsible for satisfying applicable Trail Development Fee requirements. PERMITTEE must pay a Trail Development Fee of $78,000.00 (52 units x $1,500.00 per unit). The PERMITTEE acknowledges that these fees are established for 2023 and the PERMITEE will be charged the rate charged is in effect when the Plat is recorded. It is noted that in future phases, the PERMITTEE will be constructing trails that will be credited towards trail development fees at that time. 3. Sanitary Sewer Connection (Trunk)Fees. The PERMITTEE is responsible for satisfying applicable Sanitary Sewer Trunk Fee requirements. PERMITTEE must pay a Sanitary Sewer Trunk Fee of $70,148.00 (52 units x $1,349.00). The PERMITTEE acknowledges that these fees are established for 2023 and the PERMITEE will be charged the rate charged is in effect when the Plat is recorded. 4. Water Connection (Trunk) Fees. The PERMITTEE is responsible for satisfying applicable Water Trunk Fee requirements. PERMITTEE must pay a Water Trunk Fee of $104,468.00 (52 units x $2,009.00 per unit). The PERMITTEE acknowledges that these fees are established for 2023 and the PERMITEE will be charged the rate charged is in effect when the Plat is recorded. 5. Stormwater Management Fee. The PERMITTEE is responsible for satisfying applicable Stormwater Trunk Fee requirements. PERMITTEE must pay a Stormwater Management Fee of $27,768.00 (52 units x $534.00 per unit). The PERMITTEE acknowledges that these fees are estimates. The rate in effect when the Plat is recorded will be collected. 6. Street Sign Fee. While the CITY provides and installs the street name and traffic control signage, the PERMITTEE is responsible for paying for them at a rate of $245.00 per sign. PERMITTEE must pay a Street Sign Fee of $3,430.00 ($245.00 x 5 street name signs; $245.00 x 6 type -III barricade signs; $245.00 x 3 stop signs). 7. Development Fees for the Outlots. The PERMITTEE acknowledges that development fees are not being collected for any Outlots planned for future redevelopment. The PERMITTEE acknowledges that development fees will be due upon replatting of any of such Outlots. The rate in effect at the time said future plat(s) is recorded will be collected. [The remainder of this page is intentionally left blank] 13