08-28-2013 Council Agenda - Laserfiche WebLink

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14. WAC and SAC charges shall be paid with each building permit. 15. Park dedication fees shall be paid at the time of the building permit application for each lot within the development based on the fee in effect at the time of the building permit application. In addition, all plumbing permit fees, electrical permit fees and any other permit fees required for new construction shall be paid at that time as well. 16. The Developer hereby agrees on behalf of itself, its heirs, successors and assigns, that upon issuance of a Certificate of Occupancy the estimated market value for the next preceding tax year as determined by the Ramsey County Assessor shall be no less than $450,000.00. That until the earlier of (i) the date on which the Tax Increment District expires or is otherwise terminated, or (ii) the date the applicable TIF Note is paid in full, no owner of a lot which is subject to the terms of this Agreement shall seek administrative review or judicial review of the applicability or constitutionality of any tax statute relating to the taxation of the real property subject to this Agreement determined by any tax official to be applicable to the development or the Developer or raise the inapplicability or constitutionality of any such tax statute as a defense in any proceeding, including delinquent tax proceedings provided, however, that `Tax Statute" does not include any local ordinance or resolution levying a tax. This shall include but not be limited to the right to seek administrative review or judicial review of the estimated market value for tax purposes of any tax parcel which is subject to this Agreement. 17. The Developer hereby agrees to the following schedule of lot purchases: a) on or before December 31, 2013, the Developer shall have purchased 4 lots; b) on or before December 31, 2014, the Developer shall have purchased 10 lots; and c) on or before December 31, 2015, the Developer shall have purchased 15 lots. 18. The Developer shall deposit with the City five thousand dollars ($5,000), from which any and all costs and expenses incurred by the City, in any way related to this Contract, 116-