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,I <br /> I <br /> I <br /> I <br /> <br />10. <br /> <br />between the actual and estimated amount of the credit Will be paid or refunded prior to <br />release of the project financial guarantees. <br /> <br />Stormwater Management Fee. The Current St°rmWater Management Fee is $375.00 per <br />unit. There are ultimately 112 units proposed for the SUbject Property: Therefore, there is a <br />stormwater management fee obligation in the amount of Forty Two Thousand DOllars and n° <br />cents ($42,000) (112 x $375). <br /> <br /> SECTION II <br /> STAGE II IMPROVEMENTS AND FINANCIAL GUARANTEEs <br /> <br />11. Stage II Improvements Required'. The Stage II ImprOvementS which the CITY requires <br /> the DEVELOPER to construct within the Plat are as follows: <br /> <br />1.2, <br /> <br />a) <br />b) <br />c) <br />d) <br />e) <br />f) <br />g) <br />h) <br />i) <br />J) <br /> <br />Street striping and signing. <br />Traffic signing <br />Future Through Street Signing <br />Street lights <br />Street light maintenance <br />Street sweeping <br />Seal coating <br />Adjusting water shut-offboxes <br />Maintenance of storm water and facilities <br />Boulevard seeding <br /> <br />("Stage II Improvements") <br /> <br />install in the Plat the Stage Ii <br /> <br />Payment for Stage II Improvements. The CITY will <br />Improvements. The DEVELOPER shall also deposit an amount that is determined by the <br />CITY to. be adequate to aid in the operation and maintenance Of. street lights in locations <br />within the Plat determined by the City Engineer and installed by ConnexUs for the first three <br />(3) years after final plat approval. The CITY will bill residents in the Plat at least quarterly <br />for street· light maintenance and operation· costs; billing will be initiated at the time a <br />residence connects to municipal water and sanitary sewer. The DEVELOPER will pay to <br />the CITY an amount equal to 100% of the City Engineer's eStimated constrUction cost of the <br />items prior to recording of the final Plat. The. City Engineer's estimated, cost of construction <br />is: <br /> <br /> $6OO.OO <br /> $6OO.0O <br />SNo Charge <br /> $22,100.00 <br /> $3,510.00- <br /> <br />a) <br />b) <br />c) <br />d) <br />e) <br /> <br />Street striping and signing (3 ~ $200) <br />Traffic signing (3 ~ $200) <br />Future through street sign (0 ~ $200) <br />Street lights (13 ~ $1700) <br />Street light maintenance (13 ~ $270) <br /> Rivenwick 3ra Addition 'Subdivision <br /> Development Agreement : <br /> Page 5 of 12 <br /> <br />-133- <br /> <br /> <br />