Agenda - Council - 04/09/2024 - Laserfiche WebLink

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12. Park Dedication. The PERMITTEE is responsible for satisfying applicable Park Dedication requirements with the plat of Lightbridge Academy, as noted in Resolution#24-039, approving the Preliminary Plat and Final Plat for Lightbridge Academy. The PERMITTEE must pay $10,812 (park dedication)and$2,756(trail development). These amounts are based off 2.12 acres at$5,100 per acre(park dedication) and$1,3 00 per acre(trail development). 13. Sanitary Sewer Connection (Trunk) Fees. The PERMITTEE is responsible for satisfying applicable Sanitary Sewer Trunk Fee requirements for the plat of Lightbridge Academy. The PERMITTEE must pay a Sanitary Sewer Trunk Fee of$8,614.00 (2.12 acres x $4,063.00 per acre). The PERMITTEE acknowledges that these fees are estimates. The rate in effect when the Plat is recorded will be collected. 14. Water Connection (Trunk) Fees. The PERMITTEE is responsible for satisfying applicable Water Trunk Fee requirements with the plat of Lightbridge Academy. The PERMITTEE must pay a Water Trunk Fee of $15,567.00 (2.12 acres x $7,343.00 per acre). The PERMITTEE acknowledges that these fees are estimates. The rate in effect when the Plat is recorded will be collected. 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; (b) provided the CITY Building Official with a Certificate of Survey;(c)the financial guaranty described in Section I Paragraph 8 to the CITY; and (d) obtained all necessary permits from the Lower Rum River Watershed Management Organization and has provided a copy of such permit to the CITY, if applicable; and b. No occupancy permit shall be issued until the PERMITTEE has: (a) constructed vehicular access to the lot, including the installation of at least one layer of bituminous surfacing; and(b) constructed all utilities and storm water facilities this Agreement requires to serve the lot and such utilities and storm water facilities are in place, operational and accepted by the CITY. SECTION III ON-SITE LANDSCAPING 16. Maintenance Guaranty for Landscaping. It is herein agreed that the PERMITTEE shall provide a maintenance guaranty to ensure the survival of the plantings. Said maintenance guaranty shall consist of cash or an irrevocable letter of credit, approved as to form by the CITY, in the amount of Three Thousand Three Hundred Eight Dollars and No Cents ($3,308.00) [# plantings (24 trees and 51 shrubs) x cost/planting ($300/tree and $75/shrub) x 30% average non- survival rate], which shall be in effect for a two (2) year period commencing on the date of the CITY's written acceptance of said plantings as part of the Required Improvements. At the end of the two(2)year period,the PERMITTEE shall contact the CITY to schedule a final inspection of the landscaping. The determination that all plantings that have been planted in accordance with the Plans have either survived or have been replaced shall be made by the CITY. Upon approval of the final landscape inspection by the CITY, the maintenance guaranty shall be returned to the PERMITTEE. In the event the PERMITTEE fails to maintain the required plantings for a two (2) year period, the City Council may order the replacement of plantings with LB Ramsey MN Owner,LLC/Lightbridge Academy Development Agreement Page 4 of 8