Agenda - Council - 07/22/2025 - Laserfiche WebLink

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contracts for said completion and draw upon the escrow for payment. Only the City Council shall have the authority to direct completion of the Required Improvements and withdraw from the escrow account. The PERMITTEE hereby grants permission and a license to the CITY and/or its contractors and assigns to enter upon the Subject Property for the purpose of completing the construction and installation of the Required Improvements in the event of the PERMITTEE's default. 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 Fifty -Seven Thousand Eight Hundred Eighty -Three Dollars and No Cents ($57,883.00) (5% x $1,157,661.00). 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. SECTION II DEVELOPMENT FEE INFORMATION The Subject Property is being platted as buildable lot of record through the Final Plat of "Kwik Trip 1782." The PERMITTEE is responsible for the following platting and development fees: 11. Storm Water Management Fee. The PERMITTEE is responsible for satisfying applicable Storm Water Management Fee requirements for the Final Plat of Kwik Trip 1782. The PERMITTEE must pay a Storm Water Management Fee of $38,641.00 (7.05 acres x $5,481.00 per acre). 12. Park Dedication and Trail Development. All fees associated with Park Dedication and Trail Development were satisfied through the underlying plat of "HY-10 Ramsey 2nd Addition". No additional Park Dedication and Trail Development fees are applicable to this replat. However, there is a need for a sidewalk easement along Ferret Street and a trail easement along Armstrong Boulevard for a public sidewalk and a public trail to be constructed on the Subject Property. The sidewalk easement along Ferret Street must be 10 feet wide, and the trail easement along Armstrong Boulevard must be 15 feet wide. Both easement documents must be recorded after the recording of the Final Plat of "Kwik Trip 1782." 13. Sanitary Sewer Connection (Trunk) Fees. The PERMITTEE is responsible for satisfying applicable Sanitary Sewer Trunk Fee requirements for the Final Plat of Kwik Trip 1782. The PERMITTEE must pay a Sanitary Sewer Trunk Fee of $29,504.00 (7.05 acres x $4,185.00 per acre). 14. Water Connection (Trunk) Fees. The PERMITTEE is responsible for satisfying applicable Water Trunk Fee requirements for the Final Plat of Kwik Trip 1782. The PERMITTEE must pay a Water Trunk Fee of $53,319.00 (7.05 acres x $7,563.00 per acre). 15. Future Bunker Lake Boulevard Improvements. The PERMITTEE acknowledges the CITY's future planning efforts related to Bunker Lake Boulevard, and the PERMITTEE agrees to pay a fee of $27,600.00 as their obligation in relation to the future Bunker Lake Boulevard improvements. SECTION III PERMITS AND OCCUPANCY Kwik Trip, Inc. Development Agreement Page 4 of 9