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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 1 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 /> h. 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,LLCIHome2Suites <br /> Development Agreement <br /> Page 4 of 8 <br />