Agenda - Council - 09/09/2025 - Laserfiche WebLink

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EXHIBIT B Fees Payable to the City 1. The PERMITTEE acknowledges that these fees listed in Exhibit B are established for 2025 and the PERMITTEE will be charged the rate charged is in effect when the Plat is recorded. 2. Park Dedication. The PERMITTEE is responsible for satisfying applicable Park Dedication Fee requirements. PERMITTEE must pay a Park Dedication Fee of $178,600.00 (38 units x $4,700.00 per unit). In lieu of fees on the first 165 lots in the Trott Brook Crossing development (this phase and future phases), land was dedicated to the City and credited as follows: Trott Brook Crossing Trott Brook Crossing Second Addition Trott Brook Crossing Third Addition Total to date 52 lots 10 lots 38 lots 100 lots (65 remaining) With this phase of development, the PERMITTEE will bury the electrical service from the right- of-way for 173' Avenue NW to the existing house on the land dedicated for park purposes. Costs of burying that electrical service shall be credited against park dedication fees of future phase of the Trott Brook Crossing development once the number of lots listed above are exhausted. The cost will be verified through submittal of copies of the invoices to the City Engineer following completion of the work. 3. Trail Development Fees. The PERMITTEE is responsible for satisfying applicable Trail Development Fee requirements. PERMITTEE must pay a Trail Development Fee of $59,850.00 (38 units x $1,700.00 per unit). This phase includes construction of trails through the park land dedication area in excess of the calculated fee (cost estimates provided a total of $133,000.00). In lieu of the fee collected on this phase in the Trott Brook Crossing development and sufficient portions of future phases, Trail Dedication Fees will be credited as follows: Trott Brook Crossing Third Addition $59,850.00 Total to date $59,850.00 Remaining credit for future phases $73,150.00 4. 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 $52,782.00 (38 units x $1,389.00). 5. Water Connection (Trunk) Fees. The PERMITTEE is responsible for satisfying applicable Water Trunk Fee requirements. PERMITTEE must pay a Water Trunk Fee of $78,622.00 (38 units x $2,069.00 per unit). 6. Stormwater Management Fee. The PERMITTEE is responsible for satisfying applicable Stormwater Trunk Fee requirements. PERMITTEE must pay a Stormwater Management Fee of $20,900.00 (38 units x $550.00 per unit). 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 $3,710.00 (14 signs: street name, stop, crosswalk, accessible parking, and type -III barricade sign). 13