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<br />Clearwater Creek Business Park <br />Development Agreement <br />September 26, 2016 <br /> page 7 <br /> <br />f. Trunk Sewer Unit Charges <br />The City established trunk unit charges to uniformly distribute the costs of public <br />trunk sanitary sewer infrastructure. Each individual connection to the sanitary <br />sewer system shall be charged a unit charge per SAC unit (currently at $3,073 per <br />SAC unit). The calculation of the SAC units shall be based on the procedure <br />outlined in the Metropolitan Council Environmental Services Sewer Availability <br />Charge Procedure Manual. Trunk sewer unit charges addressed under this <br />paragraph are in addition to any SAC charges imposed by Metropolitan Council <br />Environmental Services. An estimate of the total charge and the trunk utility <br />credit for Developer installed trunk oversizing is specified in Exhibit C. <br />g. Trunk Water Unit Charges <br />The City established trunk unit charges to uniformly distribute the costs of public <br />trunk water infrastructure. Each individual connection to the water system shall <br />be charged a unit charge per SAC unit (currently at $4,069 per SAC unit). The <br />calculation of the SAC units shall be based on the procedure outlined in the <br />Metropolitan Council Environmental Services Sewer Availability Charge <br />Procedure Manual. An estimate of the total charge and the trunk utility credit <br />for developer installed trunk oversizing is specified in Exhibit C. <br />h. Surface Water Management Area Charges <br />The City established a trunk area charge to uniformly distribute the costs of <br />public trunk surface water infrastructure and water quality improvements. The <br />Surface Water Management Charge shall be based on developable acreage, in <br />the amount specified in Exhibit C. <br />17. Assessment of Charges and Waiver of Rights. <br />a. In consideration of the provision of sewer, water and storm water services, the <br />Developer agrees that the Trunk Sewer Unit Charge, Trunk Water Unit Charge <br />and the Surface Water Management Area Charge (collectively, “the Charges”) <br />may be assessed against the Subdivision parcels. The Developer hereby waives <br />any and all procedural and substantive objections to the special assessments, <br />including notice and hearing requirements, any claim that the assessments <br />exceed the benefit to the properties, and any right to appeal. <br />b. Unless the Developer pays the entire balance owed for the Charges <br />contemporaneously with the execution of this Agreement, the Developer shall <br />provide to the City a cash escrow or irrevocable letter of credit in an amount <br />equal to 35% of the total assessments for the Charges as estimated by the City <br />Engineer (see Exhibit C). The letter of credit shall be in a form, and from a bank,