Agenda - Council - 09/26/2023 - Laserfiche WebLink

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10. Site Inspection Fees. The PERMITTEE shall be responsible for all site inspection costs incurred by the CITY related to the installation of Required Improvements. The PERMITTEE shall make a cash deposit into the appropriate escrow account at the CITY and the CITY shall have the authority to draw upon these funds for the purpose of compensating for inspection services. The amount of the deposit shall be equal to five percent (5%) of the estimated cost of the Required Improvements, which equates to Thirty -One Thousand Seventy -Eight Dollars and No Cents ($31,078.00) (5% x $621,555.00). Upon completion of the Required Improvements to the satisfaction of the CITY, any surplus balance remaining in the CITY's escrow account shall be refunded to the PERMITTEE. 11. Storm Water Management Fee. The PERMITTEE is responsible for satisfying applicable Storm Water Management Fee requirements for the Subject Property. PERMITTEE must pay a Storm Water Management Fee of $22,029.00 (4.14 acres x $5,321.00 per acre). 12. Sanitary Sewer Connection (Trunk) Fees. The PERMITTEE is responsible for satisfying applicable Sanitary Sewer Trunk Fee requirements for the Subject Property. PERMITTEE must pay a Sanitary Sewer Trunk Fee of $16,821.00 (4.14 acres x $4,063.00 per acre). 13. Water Connection (Trunk) Fees. The PERMITTEE is responsible for satisfying applicable Water Trunk Fee requirements with the Subject Property. PERMITTEE must pay a Water Trunk Fee of $30,400.00 (4.14 acres x $7,343.00 per acre). 14. Cost Share for Limonite Street NW Improvements. The PERMITTEE and the CITY have agreed to pay for the improvements to Limonite Street NW j ointly. Public utility extensions from the north to the connection points with the service lines shall be paid completely by the PERMITTEE. The CITY will pay for the continuation of the Sanitary Sewer and Water Main to 142nd Avenue NW. Costs associated with the roadway, including the Storm Sewer, shall be split equally between the PERMITTEE and the CITY. The PERMITTEE's engineer's estimates (totals) for the street and utility work are as follows: PERMITTEE CITY Total Sanitary Sewer and $ 3 9(47.72%)Water $43,230 $82,694 Main�464 Street and Storm $77(50%)Sewer�894 $77,894 $155,788 The PERMITTEE shall present the City Engineer detailed invoices for the work that has been completed for review and payment according to the amounts shown in the estimate. In the event the actual costs differ from the estimates, the cost split shall be based on the percentages shown in the table above. SECTION II PERMITS AND OCCUPANCY 15. Requirements for Building Permit. a. No building permit shall be issued until the PERMITTEE has: (a) installed a Class 5 driving surface to within 300 feet of the structure for access and public safety purposes; (b) provided NOLBY BC LLC (Jam Hops) Development Agreement Page 4 of 9