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on -site basins to the CITY for use of the regional storm water basin in the amount of Eighteen <br />Thousand Five Hundred Ten Dollars and No Cents ($18,510.00). <br />11. Storm Water Management Fee. The PERMITTEE is responsible for satisfying applicable <br />Storm Water Management Fee requirements for the plat of Ramsey Properties Addition. <br />PERMITTEE must pay a Storm Water Management Fee of $14,968.00 (2.813 acres x $5,321.00 <br />per acre). The PERMITTEE acknowledges that these fees are estimates. The rate in effect when <br />the Plat is recorded will be collected. <br />12. Park Dedication. The PERMITTEE is responsible for satisfying applicable Park Dedication <br />requirements with the plat of Ramsey Properties Addition. PERMITTEE must pay $14,346 (park <br />dedication) and $3,657 (trail development). These amounts are based off 2.813 acres at $5,100 per <br />acre (park dedication) and $1,300 per acre (trail development). <br />13. Sanitary Sewer Connection (Trunk) Fees. The PERMITTEE is responsible for satisfying <br />applicable Sanitary Sewer Trunk Fee requirements for the plat of Ramsey Properties Addition. <br />PERMITTEE must pay a Sanitary Sewer Trunk Fee of $11,429.00 (2.813 acres x $4,063.00 per <br />acre). The PERMITTEE acknowledges that these fees are estimates. The rate in effect when the <br />Plat is recorded will be collected. <br />14. Water Connection (Trunk) Fees. The PERMITTEE is responsible for satisfying applicable <br />Water Trunk Fee requirements with the plat of Ramsey Properties Addition. PERMITTEE must <br />pay a Water Trunk Fee of $20,656.00 (2.813 acres x $7,343.00 per acre). The PERMITTEE <br />acknowledges that these fees are estimates. The rate in effect when the Plat is recorded will be <br />collected. <br />SECTION II <br />PERMITS AND OCCUPANCY <br />15. Requirements for Building Permit. <br />a. No building permit shall be issued until the PERMITTEE has: (a) installed a Class 5 driving <br />surface to within 300 feet of the structure; (b) provided the CITY Building Official with a <br />Certificate of Survey; (c) the financial guaranty described in Section I Paragraph 8 to the CITY; <br />(d) provided the costs for the Zeolite Street Boulevard Trees to the CITY, as required pursuant <br />to Section 18; and (e) obtained all necessary permits from the Lower Rum River Watershed <br />Management Organization and has provided a copy of such permit to the CITY, if applicable; <br />and <br />b. No occupancy permit shall be issued until the PERMITTEE has: (a) constructed vehicular <br />access to the lot, including the installation of at least one layer of bituminous surfacing; and (b) <br />constructed all utilities and storm water facilities this Agreement requires to serve the lot and <br />such utilities and storm water facilities are in place, operational and accepted by the CITY. <br />SECTION III <br />ON -SITE LANDSCAPING <br />16. Maintenance Guaranty for Landscaping. It is herein agreed that the PERMITTEE shall <br />provide a maintenance guaranty to ensure the survival of the plantings. Said maintenance guaranty <br />shall consist of cash or an irrevocable letter of credit, approved as to form by the CITY, in the <br />amount of Eight Thousand Two Hundred Eighty Dollars and No Cents ($8,280.00) [# plantings <br />Ramsey Properties, LLC/Home2Suites <br />Development Agreement <br />Page 4 of 8 <br />