Agenda - Council - 12/09/2025 - Laserfiche WebLink

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SECTION II DEVELOPMENT FEE INFORMATION The Subject Property was platted as a buildable lot of record through the "Waterfront Village" plat. However, platting and development fees were not collected on the Subject Property at the time of recording the "Waterfront Village" plat, as the Subject Property was owned by the City at that time. Roers Ramsey Apartments I LLC is responsible for all platting and development fees associated with the Subject Property. The applicable fees are listed below, based on the 2024 Rates and Charges to align with the recording of the "Waterfront Village" plat, and must be paid before issuance of a building permit: 10. Park Dedication Fees. The PERMITTEE is responsible for satisfying applicable Park Dedication Fee requirements. The PERMITTEE must pay a Park Dedication Fee of $731,152.00 (191 units x $3,825 per residential unit + 4,926 square feet [0.11 acres] x $5,100 per acre for the retail space). 11. Trail Development Fees. The PERMITTEE is responsible for satisfying applicable Trail Development Fee requirements. The PERMITTEE must pay a Trail Development Fee of $286,647.00 (191 units x $1,500 per residential unit + 4,926 square feet [0.11 acres] x $1,300 per acre for the retail space). 12. Sanitary Sewer Connection (Trunk) Fees. The PERMITTEE is responsible for satisfying applicable Sanitary Sewer Trunk Fee requirements. The PERMITTEE must pay a Sanitary Sewer Trunk Fee of $257,659.00 (191 units x $1,349 per residential unit). 13. Water Connection (Trunk) Fees. The PERMITTEE is responsible for satisfying applicable Water Trunk Fee requirements. The PERMITTEE must pay a Water Trunk Fee of $383,719.00 (191 units x $2,009 per residential unit). 14. Stormwater Management Fee. The PERMITTEE is responsible for satisfying applicable Stormwater Management Fee requirements. The PERMITTEE must pay a Stormwater Management Fee of $105,652.00 (191 x $550 per residential unit + 4,926 square feet [0.11 acres] x $5,321 per acre for the retail space). 15. COR Stormwater Basin Contribution. In lieu of constructing a stormwater basin on the Subject Property, the PERMITTEE must pay a Stormwater Management Fee of $49,915.00, which is equal to the engineer's cost estimate of constructing a stormwater basin as provided by the PERMITTEE, to contribute toward the maintenance of the regional stormwater basin adjacent to the Subject Property. SECTION III PERMITS AND OCCUPANCY 16. 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) provided 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 Roers Ramsey Apartments I LLC Development Agreement Page 4 of 9