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Review Letter: Panther Precision <br />February 28, 2003 <br />Page 4 of 4 <br />Inspection Fees: The City has established an inspection fee to cover the costs incurred by the <br />City related to the installation of required improvements. The developer will be required to make <br />a cash deposit into the appropriate escrow account at the City and the City shall have the <br /> <br />authority to draw upon these funds for the purpose of compensating for inspection services. The <br />amount of the deposit shall be equal to five percent (5%) of the estimated cost of the Required <br />Improvements or $5,850 ($117,000 x 5%). Upon completion of the Improvements to the <br />satisfaction of the City, any surplus balance, remaining in the City's escrow account shall be <br />refunded to the applicant. <br /> <br />Storm Water Management Fee: The payment of the storm water management fees will be <br />addressed through the Tax Increment Financing Agreement. <br /> <br />Sewer and Water Trunk Fees: The ,payment of the sewer and water trunk fees will be <br />addressed through the Tax Increment Financing Agreement. <br /> <br />REU Number: The REU number is used to determine the amount of change the property will~ <br />need to pay to the storm water utility system. It is based upon the percent of impervious area of <br />the development. <br /> <br />The Planning Commission will be meeting at 7:00 p.m. on Thursday, March 6, 2003, at Ramsey <br />Fire Station, 1500 Armstrong Bird, to review the proposed site plan. You or your representative <br />should be present to answer any questions that may arise. Thank you for your cooperation in this <br />process. <br /> <br />Respectfully, <br /> <br />CITY OF RAMSEY <br /> <br />Assok, L0te Planner <br /> <br />Steve Jankowski <br />City Engineer <br /> <br />-80- <br /> <br /> <br />