Agenda - Council - 06/11/2024 - 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 $121,500.00 (27units x $4,500.00 per unit). The PERMITTEE acknowledges that these fees are estimates. The rate in effect when the Plat is recorded will be collected. 2. Trail Development Fees. The PERMITTEE is responsible for satisfying applicable Trail Development Fee requirements. PERMITTEE must pay a Trail Development Fee of $ 40,500.00 (27 units x $1,500.00 per unit). The PERMITTEE acknowledges that these fees are estimates. The rate in effect when the Plat is recorded will be collected. 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 $36,423.00 (27 units x $1,349.00). The PERMITTEE acknowledges that these fees are estimates. The rate in effect when the Plat is recorded will be collected. 4. Water Connection (Trunk) Fees. The PERMITTEE is responsible for satisfying applicable Water Trunk Fee requirements. PERMITTEE must pay a Water Trunk Fee of $54,243.00 (27 units x $2,009.00 per unit). The PERMITTEE acknowledges that these fees are estimates. The rate in effect when the Plat is recorded will be collected. 5. Stormwater Management Fee. The PERMITTEE is responsible for satisfying applicable Stormwater Trunk Fee requirements. PERMITTEE must pay a Stormwater Management Fee of $14,418.00 (27 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. COR Stormwater Basin Contribution. The PERMITTEE is responsible for paying $27,677.50 to contribute to the costs of the regional stormwater basin in lieu of providing on -site stormwater basins. This amount covers the current phase and future phases within Outlot C. 7. 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 $ 265.00 per sign. PERMITTEE must pay a Street Sign Fee of $ 2,385.00 (4 x 265 street name signs; 1 x $ 265.00 no parking signs; 4 x $ 265.00 stop signs). 8. Development Fees for the Outlots. The PERMITTEE acknowledges that development fees are not being collected for any Outlots. The PERMITTEE acknowledges that development fees will be due upon development of any of the Outlots. The rate in effect at the time said future plat(s) is recorded will be collected. 9. Contribution to Ramsey Parkway Construction. The PERMITTEE will contribute $256,600.00 towards the construction costs of Ramsey Parkway per the signed purchase agreement. 13